The rising cost of health and emergency care is an unfortunate reality. Life insurance has become even more of a necessity that is difficult to go without. A life insurance policy allows you to provide a certain amount of money to a beneficiary, often pre-selected, after the premature death of the insured.
Many cancer survivors believe that it is impossible to get an impaired risk life insurance. However, with the right knowledge and with the right insurance company, anyone can get the coverage they need.
3 Things You Need to Know About Impaired Risk Life Insurance for Cancer Survivors
- Is there life insurance for cancer survivors?
First off, forget about the misconception that cancer survivors cannot get life insurance, or any type of health-determined coverage. The truth is that there are many different types of insurance policies available to cancer survivors.
Moreover, there is a competitive market among different insurance companies. You can find many companies offering a variety of coverage plans with accompanying premiums and requirements.
There are millions of cancer survivors in the U.S. Many insurance companies offer policies for survivors of many types of cancer, such as breast cancer, uterine cancer, skin cancer, prostate cancer, and thyroid cancer.
- How can I obtain life insurance?
As mentioned, not all insurance companies provide plans which serve cancer survivors. However, once you’ve found the right company with tailored policies, it’s important to be honest.
Being transparent with your medical records is the first key to obtaining life insurance as a cancer survivor. As in other policies, lying or withholding information runs the risk of denial from the insurance company.
There are also some general requirements to expect. Being in remission, or proclaimed cured, is necessary. There is usually a time element, though the specific qualifications depend on the insurance company. For example, it may be required that your last treatment was three months to five years before your insurance application.
- Is there a way to increase your chances of getting life insurance?
To get the best rates, it is important that you optimize your current health status. You need to present a clean bill of health. This means trying to maintain a healthy body mass index (BMI) or body weight, as being obese or overweight can drive up the premium.
Having a well-rounded diet and regular exercise can benefit your case. Smoking is another factor which can raise coverage prices. As such, it is important that you do not have any such vices.
Be more secure with the best professional advice and service. Talk to an impaired risk life insurance agent today.
Written by the Paul Long Agency, an impaired risk life insurance company.