Life insurance is one of the most important purchases that you’ll ever make for your family members. It’s one of the only ways that you can ensure that your loved ones will have the money that they need, regardless of what happens to you. If you have a pre-existing conditions, like a benign breast complication, then you may be worried about getting a quality insurance plan.
Regardless of your health, there are several affordable life insurance plans that you can choose from. This article is going to look at the factors that go into life insurance and how your condition is going to impact your policy. Not having life insurance is one of the worst things that you can do for your family, don’t make that mistake.
Many women (and a few men! — more about that later) develop benign breast conditions during their lives. The Emory Healthcare website states that “although benign breast conditions are not life-threatening, they may cause bothersome symptoms and are occasionally associated with a higher risk of developing breast cancer in the future. Management of such findings should be directed by your primary health care provider.”
That last part about your relationship with your health care provider is very important. With any benign breast condition, or any health condition that may be suspected to “impair” your risk in the eyes of a life insurance company, a record of adherence to a program of treatment directed by your physician is very important.
While most are not, some types of benign breast conditions are linked to an increased risk of cancer.
The American Cancer Society states on their website that doctors “often divide benign breast conditions into 3 general groups, based on whether the cells are multiplying (proliferative) and whether there are abnormal cells or patterns of cells (atypia).
- Non-proliferative conditions “are not linked with the overgrowth of breast tissue. They do not seem to affect breast cancer risk, or if they do, the effect is very small.” Most benign breast conditions fall into this category, including: fibrosis, cysts, and benign lumps and tumors.
- Proliferative conditions without atypia “are linked with the growth of cells in the ducts or lobules of the breast tissue. They seem to raise a woman’s risk of breast cancer slightly (1½ to 2 times the usual risk).”
- Proliferative conditions with atypia “are linked with the excess growth of cells in the ducts or lobules of the breast tissue, and the cells no longer look normal. They can raise breast cancer risk about 3½ to 5 times higher than normal.”
Life insurance companies will take this increased risk into account when underwriting you for a policy. If you have one of the more common non-proliferative conditions and there are no other complicating medical or other risk issues, you will have a good shot at receiving a standard risk rating and pay very reasonable life insurance premiums.
Even if you have a benign breast condition associated with an elevated cancer risk, Ogletree Financial Services can get you the life insurance you want at the most affordable rate possible. Start by getting a quote to the left of this page.
There are certain life insurance companies that specialize in clients with impaired risk due to medical conditions. They are much more knowledgeable about hard to assess health issues and the risks associated with them. Ogletree Financial Services represents several of these insurers that will rate your risk substantially more favorably than most companies. We know how to present your complete unique risk to these particular companies to find the lowest premium available.
Many people are surprised to learn that benign breast conditions affect men as well as women. The most common male benign breast condition is called gynecomastia.
According to the American Cancer Society, gynecomastia “is not a tumor but rather an increase in the amount of a man’s breast tissue. Usually, men have too little breast tissue to be felt or noticed. Gynecomastia can appear as a button-like or disk-like growth under the nipple and areola (the dark circle around the nipple), which can be felt and sometimes seen.”
Gynecomastia is much more common than breast cancer, but both disorders often have similar symptoms and can be felt as a growth under the nipple. Because of this, it is important to have these types of lumps checked by your doctor as soon as they are detected.
What Causes Gynecomastia?
Gynecomastia is usually caused by hormonal changes. It is often seen in teenage boys experiencing adolescence and is usually temporary. Gynecomastia in older men is due to changes in hormone balance that come with age. Also, gynecomastia can be caused by some medicines, a rare genetic condition call Klinefelter Syndrome, or over-production of estrogen caused by problems with the endocrine gland.
Will Gynecomastia Affect My Life Insurance Premium?
Gynecomastia is not usually a significant health risk. But, it is rarely discussed and often misunderstood, certainly by many life insurance companies that might rate you poorly with a condition they are not familiar with, like gynecomastia. Ogletree Financial Services deals with over 35 reputable life insurance carriers and we know which ones are likely to rate your risk most generously. With a carrier that caters to impaired risk, gynecomastia should not result in a substandard risk rating.
Getting Affordable Life Insurance Coverage
One of the most common reasons that benign breast patients don’t get insurance coverage is because they automatically assume that a plan is going to be too expensive, or that they will even be declined for coverage. In most cases, neither of these are true. Regardless of your health, there are several affordable insurance plans that you can choose from. You can’t put a price on the peace of mind that life insurance will bring.
The first thing that you should do when you’re looking to get cheaper premiums is to cut out any tobacco that you currently use. If you’re listed as a smoker, then you should expect to pay much higher premiums for your plan. In fact, smokers are going to pay around twice as much for their life insurance plan versus what a non-smoker would pay for the same plan. Smoking cigarettes, coupled with the benign breast condition could cause you to be declined for coverage depending on which company that you apply with. Do yourself and your wallet a favor, kick the cigarettes to the curb.
The next thing that you should do to save money is improve your overall health. Before the insurance company approves your application, they are going to require that you take a medical exam. The results of the exam are going to play a huge role in how much you pay every month. Because you already have one strike against you, it’s important that you improve the other areas of your life.
The two best ways to do this are by getting regular exercise and sticking to a healthy diet. Both of these can help you lose weight, lower your blood pressure, and reduce your risk of being diagnosed with other health complications. Hitting the gym could save you hundreds of dollars every year, it’s time to lace up those running shoes.
The best way to ensure that you’re getting the lowest rates is to compare dozens of quotes before you decide which one is going to work best for you. Every insurance company is different, and all of them are going to view your condition differently. As we mentioned earlier, some companies specialize in working with high-risk applicants, and finding one of these companies will save you thousands of dollars every year. Instead of wasting hours and hours on the phone answering the same questions, let one of our independent brokers do all of the work for you. We work with dozens of highly rated companies across the nation, which means we can bring all of the best policies directly to you. Let us save you both time and money on your life insurance search.
A benign breast condition should never prevent you from getting the life insurance coverage you need. A few cases may pay slightly higher premiums, but if there are no other medical or other risk problems, clients with benign breast conditions usually have no trouble getting the life insurance coverage they need at very affordable rates. As with any medical condition, the support of an independent agent like Ogletree Financial Services is vital to securing the lowest premiums available for the quality life insurance coverage and peace of mind you need.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance protection that your family deserves. If you have any questions about getting affordable life insurance coverage with a benign breast condition, please contact one of our experienced agents today. We would be happy to answer those questions and connect you with the best plan to meet your needs.
You can start right now! Use the term quoter on this page, call us at 1-800-712-8519, or send us a message from our contact page.