With some types of diagnoses like certain skin cancers or prostate cancer your life insurance company may approve you even sooner.

Can i buy life insurance if i have cancer. However every case is different and life insurance companies take a range of factors into account if youve had cancer including the type and stage of cancer. Keep in mindyou cant just purchase a life insurance plan for anyone. Each carrier is different and there are a few who underwrite a history of cancer more favorably.

By law you must disclose any known information about your health that may be relevant to the insurance companys decision on whether or not to provide you with cover. This is a type of whole life insurance so coverage extends for your lifetime. It may be possible to get policies in the standard class.

There are usually exceptions for non-melanoma skin cancers like basal cell. Always evaluate the best no physical life insurance companies before applying. If you have a need for life insurance and have been diagnosed with any kind of cancer you can still purchase a policy.

For example Phoenix Life Insurance Company accepts cancer survivors for their no traditional no exam product. An individual buying a policy for someone else must prove that they have insurable interest. If the cancer has been removed through surgery and you have been cancer free for one or two years you may be eligible for a life insurance policy.

If youve been cancer-free for five years or more you can often qualify for a term or permanent life insurance policy. If you are currently undergoing treatment for cancer or if you have had a cancer diagnosis within the last two to four years you will not be able to purchase a traditional term or whole life insurance policy and will have to purchase a more expensive final expense policy. Long-term care insurance can protect your retirement and your family in your later years.

Many people in remission from breast cancer can qualify for life insurance with select insurers. The coverage limits on these policies are typically lower since insurers need to. Life insurance provides a tax-free cash payout that comes with no strings attached.