If you have any experience applying for life insurance coverage, then you are probably aware that most providers expect you to meet a number of criteria. You generally have to undergo a physical exam, submit to blood and urine testing, and answer an in-depth questionnaire pertaining to your medical history and any lifestyle habits that could impact your health. All of this is meant to help the life insurance provider figure out your relative risk for untimely death so that they can fix a rate for your life insurance policy. So when you are diagnosed with cancer, you might imagine that you would have to pay quite a bit for a life insurance policy, if you could get one at all. That said, more and more people are surviving every form of cancer these days, thanks to early detection and improved treatment options. So is it possible to get life insurance when you have cancer? It certainly is.
In truth, finding the right policy, regardless of your state of health, requires that you shop around. Like any type of consumer purchase, you need to compare options in order to find the one that offers the terms you prefer at a price you can afford. And while there are certainly insurance providers that will deny you the policy you seek, and others that will charge you an exorbitant sum due to your increased risk, there are also affordable options available to those who have been diagnosed with cancer. The good news is that you don’t necessarily need to undertake this difficult shopping scenario on your own.
If you’re interested in obtaining the peace of mind that comes with knowing your end-of-life expenses will be covered and your family or other loved ones will be taken care of in the event that the worst happens and you don’t survive your battle with cancer, it’s probably a good idea to find an independent insurance agent. In other words, you need an agent that can do the shopping for you by comparing options from a variety of providers. This way, they can offer you suitable choices for the life insurance policy you seek.
You will, of course, have to provide extensive information pertaining to your diagnosis if you are currently living with cancer, as well as your current state of health if you are a cancer survivor looking to plan for the future. In both cases, it is possible to get a life insurance policy. But your diagnosis will have some bearing on the amount you will have to pay for a policy. So don’t be surprised if it ends up costing more than a standard policy for a perfectly healthy individual. That said, you will simply have to compare policies to ensure that you find the one that suits both your requirements for coverage and your budget. It might not be easy to find a life insurance policy when you have cancer or you are a cancer survivor, but it is certainly possible with a little research and some help from a pro.