Best Life Insurance Cancer Patients

Best Life Insurance Cancer Patients


Best Life Insurance Cancer Patients No Medical Exam

  • Non-medical life insurance assumes no medical test when issuing a policy, as opposed to a traditional policy where medical tests (blood test, blood pressure, etc.) are required.
  • Some types of non-medical life insurance do not require the completion of a health questionnaire either, thus, non-medical life insurance is often a good choice if you’ve been diagnosed with cancer(though it is typically more expensive than traditional life insurance) or plan to get a life insurance policy after cancer.
  • It is important to mention here that if you were diagnosed with cancer, you can still qualify for a traditional life insurance policy.
  • Insurers will look at the type of cancer, its stage and its advancement when considering your eligibility.
  • The earlier it is diagnosed, the better.
  • An experienced broker will know what insurance providers are most likely to offer coverage in these cases, and what should be done (submission of a cover letter together with your application) to increase your chances of a favorable policy issue decision.


Can Your Get Life Insurance If You’ve Had Cancer?

It is possible to gain life insurance coverage after you’ve had cancer, but the policy type you’ll qualify for will depend on the type of cancer, severity of the disease, and the date of your diagnosis.

Life insurance is rarely top of mind when you’re young and healthy, but it is absolutely the best time to get coverage.

Your rates will be inexpensive and you likely have a clean bill of health, making you an optimal candidate.

It will be harder (if possible at all) to get coverage after being diagnosed with a severe illness.

Even if you are offered coverage, the provider may include an exclusion related to your illness.


How to get Life Insurance Types of Cancer


Life insurance underwriters want to know what type of cancer you have or have been diagnosed with.

Bladder Cancer, for example, has a high recurrence rate. Depending on the size and number of tumours, it is difficult to underwrite.


Basil Cell Carcinoma, on the other hand, is slow moving. It’s not as invasive and probably the most treatable form of skin cancer. This means it may be possible you qualify for standard or preferred rates once your treatment is completed. 


If you’re a Breast Cancer survivor or are recently diagnosed, advances in early detection and treatment make for better outcomes. Some carriers offer affordable rates depending on the kind of breast cancer, severity, type of treatment and prognosis.


As you can see, every type of cancer is different. A good independent life insurance agent will put his or her expertise to work to find you the most affordable coverage.


Best Life Insurance Cancer Patients for different stages of cancer: 


Stage 1 is “early-stage” cancer. It’s usually limited to the organ where it was detected. With traditional life insurance carriers, you’re probably looking at a waiting period before they consider underwriting you.


A simplified-issue no medical policy may your best option. 


Stage 2 & 3: Larger tumours have developed more deeply into surrounding tissues and cancer may have spread to lymph nodes as well.


You’re definitely looking at a significant waiting period before a traditional insurer will underwrite you. A simplified-issue no medical policy may be your only option until you’re cancer-free for some time.


Stage 4: This is the most advanced stage. Cancer has spread to other organs and parts of the body.

You’ll receive a definite decline from the insurance company.

Guaranteed life insurance for cancer patients is your only option at this point. 


Types of Non-Medical Exam Life Insurance


There are basically two types of non-medical life insurance that might be available if you’ve been diagnosed with cancer:

  1. Simplified Issue Life Insurance: This policy requires no medical exam but still has a number of health-related questions you’ll have to answer. Typically, the longer the health questionnaire, the lower the insurance premiums will be. A typical policy limit is $150,000, and if you were denied life insurance in the past 2 years, this policy might not be available for you.
  2. Guaranteed issue life insurance: This policy has neither a medical exam, nor health-questionnaire to complete. It is available to you even if you were declined for a policy during the last 2 years.

Typically the coverage (face value) will be limited to $25,000 and there are a few limitations in terms of payouts (in case an insured dies within the first 2 years).


The Cost of Life Insurance No-Exam Insurance Can Vary Greatly

The price you pay for the convenience of getting approved for life insurance with no medical exam can vary. In some cases, it could be just a couple dollars more per month. In a worst-case scenario, you’re looking at a 30-40% increase.


With No-Exam Life Insurance,You Can Be Guaranteed Coverage


The biggest perk of no-exam life insurance is that certain policies can guarantee your coverage.

On the other hand, with a fully underwritten exam, you are never actually guaranteed approval and premiums may increase following the results of your medical exam. 

Any time you have an exam, you run the risk of being declined.

It could be for a medical issue you have that you weren’t even aware of, or it could be because your doctor accidentally made a note in your file about a health issue that leads to a decline.

These are rare instances, but they have happened.


Life Insurance Cancer Quote Online

If you have questions about life insurance without a medical exam, or any other type of life insurance coverage, Mintco Financial is here to help.

We represent over 50 of the top-rated life insurance companies in the industry.

We are highly experienced in matching our clients to the right company for their specific needs and unique situation, at the best price possible.

Our licensed agents will help you free of charge with care and professionalism.


Give us a call  at 813-964-7100, or request a free instant online quote to compare rates from dozens of highly rated insurers in less than a minute.


Get a Free Life Insurance Cancer Quote HERE