Prostate cancer is the number two most common cancer in American men, behind skin cancer. It is estimated that one in seven men will be affected by this disease at some point in their life. The Prostate Cancer Foundation estimates that 3 million men in the U.S. have prostate cancer, over 27,000 will die from the disease this year, and the risk is highest among men who have one or two first degree relatives (father, brother, son) who have had the disease. A diagnosis of prostate cancer can be scary, but the news is not all bad. So I get the question a lot. I have had prostate cancer, can I get life insurance? Yes you can! Use the quoter on the left of this page to get your instant quote.
Life insurance is one of the most important purchases that you’ll ever make for the future of your family. It’s the best way to ensure that they have the money that they need, regardless of what happens to you in the future. Life insurance can be a long and difficult process, especially if you have any pre-existing conditions on your medical records, like prostate cancer. At some points, it may seem impossible to get an affordable life insurance policy, but that isn’t true. Regardless of your health or any conditions, there are several options for life insurance coverage.
Also according to the Prostate Cancer Foundation, the prognosis for men with prostate cancer has improved steadily for decades. Because approximately 90% of all prostate cancers are detected in the local and regional stages, the cure rate for prostate cancer is very high—nearly 100% of men diagnosed at this stage will be disease-free after five years. By contrast, in the 1970s, only 67% of men diagnosed with local or regional prostate cancer were disease-free after five years.
I Have Had Prostate Cancer, Can I Get Life Insurance?
If you have prostate cancer, securing the life insurance you need to protect your family may be more challenging, but it is not an impossible task. The underwriting processes insurance companies employ to evaluate the individual circumstances of their clients reflect improvements in the survivability rates of diseases like prostate cancer. Clients are placed in risk categories according to the results of the underwriting process. The names and number of these categories vary between insurance providers but are typically along the lines of ‘preferred’, ‘standard’ and ‘substandard’. Clients with more common, treatable forms of prostate and other cancers can often receive a ‘standard’ or ‘preferred’ rating. When confronted with a serious health dilemma like a prostate cancer diagnosis many people instantly think of their loved ones and their future. Do not wait to secure the life insurance your family needs. Do not be discouraged by health issues. The term quoter on this page can have you on your way to financial security for your family in minutes.
When considering a client with prostate cancer (or who has survived prostate cancer) and deciding on that clients risk classification, insurance companies will be concerned with a number of questions.
At What Age Were You First Diagnosed With Prostate Cancer?
Prostate cancer is relatively rare for younger men but more common in older men. Life insurance companies are therefore more concerned when a man is diagnosed at a younger age than if he is older. If you were diagnosed at 40 and have been treated recently, you may have to wait to be approved. If you are diagnosed at age 60 with a low grade prostate cancer and have been successfully treated, you may get coverage immediately after your treatment.
How Has Your Prostate Cancer Been Treated?
When evaluating any health problem, insurance companies will pay very close attention to how you have managed and treated your illness. Clients who have taken steps personally and medically to take care of their condition are much more likely to fall into a standard or preferred category of insurability. There are many treatments for prostate cancer including surgery, chemotherapy, hormone therapy and radiation therapy. Life insurance underwriters generally favor surgical removal, as this indicates early detection before the cancer has spread and other treatments such as chemotherapy were necessary. If these other treatments are used, clients are sometimes delayed for 2-3 years to ensure the success of the treatment.
What Is Your Gleason Score?
Gleason scores range from 2 to 10 and measure the likelihood that your prostate cancer will spread. Higher Gleason scores indicate more aggressive cancer and generally lead to a poor risk classification.
What Stage Is (or was) Your Prostate Cancer?
The stage of your cancer measures how much the cancer has spread. Cancer that is centralized and more easily treated results in a favorable risk classification.
What was your PSA (Prostate-specific antigen) assessment when you were diagnosed and what is your most recent PSA assessment?
PSA is a substance produced by your prostate and elevated levels indicate an increased chance that prostate cancer is present.
Do you have any other major health problems?
Do You Have High Cholesterol Or Hypertension? Are You Overweight?
Comparing premiums from a variety of insurance carriers is especially important if health complications exist. Each insurance company has their own underwriting guidelines and rates can vary significantly. Ogletree Financial Services represents many reputable insurance companies. This means we can access a variety of insurance products to secure the best rates for each clients’ personal circumstances and life insurance needs. Don’t let prostate cancer or any medical condition deter you from seeking life insurance for you and your family. Many people are surprised at the affordability of quality life insurance coverage.
Every insurance company is different, and all of them are going to have different medical underwriting guidelines, which means they will all view your prostate cancer differently. You could get drastically different quotes depending on which company that you get the quote from. It’s easy to see why you should always receive dozens of quotes before you pick the plan that’s going to work best for you. We know that your time is valuable, don’t’ waste it talking on the phone to dozens of companies. Let us do all of the work for you.
Getting Affordable Life Insurance
There are several ways that you can insurance that you’re getting the lowest premiums possible, even if you’ve had prostate cancer in the past. When you apply for a life insurance policy, the company is going to require that you take a medical exam before they approve your application. The results from the medical exam are going to determine how much your monthly premiums are.
The first thing that you should do is improve your health, which you can do by starting a healthy diet and getting regular exercise. Both of these are going to help you lose any extra weight, lower your cholesterol, and reduce your risk of having severe health problems. All of which are going to translate into much better premiums from the insurance company.
The next thing that you should do is eliminate any tobacco that you currently use. If you’re listed as a smoker on your life insurance application, you can expect to pay much more for your coverage than a person that doesn’t use tobacco. In fact, smokers are going to pay twice as much for life insurance versus a non-smoker. If you want to get the most affordable life insurance policy, it’s time to kick the bad habit once and for all.
As we mentioned earlier, every insurance company is different, and you could get drastically different rates depending on which company that you buy the policy through. If you want to ensure that you’re getting the best rates, you’ll want to work with an independent insurance agent, like ourselves.
We know that finding the perfect life insurance policy to meet your family’s need can be a frustrating process, but it doesn’t have to be. Our agents are here to help connect you with the best plan to give your family the protection that they need.
If you have any questions about getting life insurance as a prostate cancer survivor, please contact one of our agents today and we would be happy to answer those questions for you. Because you can’t predict the future, you shouldn’t wait any longer to get a life insurance plan in place.
If something tragic were to happen to you, and you didn’t have life insurance, your family is going to be left with a massive amount of debt and no way to pay off all of those debts. A life insurance policy will ensure that they have the money that they need to pay off all of your final expenses. Losing a loved one is never easy, but being left with hundreds of thousands of dollars of debt is going to make the situation a thousand times worse.
Give us a call at 1-800-712-8519 or use the term quoter on this page to get your free quote.