Life Insurance with Colon Cancer – Useful Facts you need to Know
Are you struggling to find affordable life insurance with colon cancer? If so, you must already be aware of the difficulties someone in your place faces to get life insurance to protect their family. Where can I get life insurance with cancer? You may think.
Diagnosis of colon cancer will prevent you from getting preferred life insurance rates. But it does not imply that you will no longer be eligible for term life insurance or whole life insurance policies. All it means is that you will have to put in more attention while selecting the insurance company for you for a life insurance cancer payout.
What you need to do First
You will have to make sure that your insurance agent is not just conversant with your condition but also has access to scores of insurance companies so that you don’t have to rely entirely on only one company. Besides that, we also have a collection of reviews from various insurance carrierswho provide life insurance after the cancer diagnosis.We will give you a quick understanding of these companies so that your loved ones can stay protected if something unfortunate were to happen to you.
You are already going through a very tough time in life, and we want to make sure that it does not get worse. We have a fair bit of experience in assisting individuals suffering from colorectal cancer find the most lucrative insurance rates available for them. We are connected to over 60 companies and many more colon cancer survivor clients. This gives us the advantage of knowing which companies offer the best bargains in term life insurance for cancer survivors.Let’s get down to the core of this article.
Information Required
We have put together a handy list of things you need to know to find the best insurance rates available:
When have you been diagnosed?
- What has been your treatment plan so far?
- Prescribed date of completion.
- Are you taking any medications? If so, please share details.
- Which stage was the cancer?
- Has there been some evidence of recurrence?
- Date of your prescribed colonoscopy and carcinoembryonic antigen (CEA) level.
This information is vital for correct assessment of the real status of your illness. If someone skips this round of questioning, that person is probably not the best in his trade. It is essential to be able to find the best rates available for life insurance after a cancer diagnosis.
To make sure that this information is captured accurately, we recommend you to send us a copy of your pathology report.
Life Insurance with Colon Cancer: The Buyer’s Knowledge
It is a no-brainer that the severity of your cancer is directly related to the difficulty you will face to get life insurance.
Before we take you through the various stages, it is vital for us to acquaint you with ‘The Flat Extra.’
This is a widespread practice many insurance companies adopt wherein they charge an extra fee for applicants who are approved for life cover with colon cancer. This is an additional charge that ranges from $5 – $10 for every $1,000 of coverage.
Now, let us see the various stages:
- In-situ: The best option is to go for standard rates available.
- Stage I and IIA: Typically, interest rates decline if the individual has been diagnosed within a year or less. After completion of one year, a flat extra fee of $7.5 is charged until it until 7 years has elapsed.
After 7 years, you may qualify for standard rates with a few companies.
- Stage IIB: Typically, interest rates decline if the individual has been diagnosed within 2 years or less. After completion of 2 years, a flat extra fee of $10 is charged until it has been 9 years.
After 9 years, you may qualify for standard rates with a few companies.
- Stage III: Interest rates typically decline, if more than 2 lymph nodes are involved. In this case, you are only eligible for a graded death benefit policy.
If less than 2 lymph nodes are involved, the right option is to wait for 5 years to be eligible for coverage after which it will be an exorbitant table 2 along with an extra $10 flat extra fee.
The choice in this scenario is if it has been 10 years,it makes you eligible for a table 2 rating.
- Stage IV: Interest rates decline steeply. You only qualify for a graded death benefit policy.
If this jargon seems too complicated to you, don’t worry at all. We will put this into perspective by letting you know how much it will cost.All you need to remember is that a flat extra fee is always going to make it really expensive. A competent insurance agent will put all this in the right perspective.
The trick is to find the best insurance company. We have dealt with several clients who have been previously rejected by other insurance companies. We just got in touch with companies that dealt more generously with people suffering from colon cancer, and we were successful in getting them coverage.
The Final Word
We would like to reiterate that we are high-risk life experts and we guarantee you the best rates that you can qualify for.You can contact us either by giving us a call or just filling out a form on our website.
We would be happy with your comments and suggestions on this article.