Similarly the payout could be a way of providing money for your family after you die.

Can you get life insurance if you have had cancer. Can I get Life Insurance if I have been diagnosed with or have had Cancer. Most term and whole life insurance policies are not available to cancer patients and youll be rejected if you apply for coverage. The terms of the cover.

Many believe they cant obtain life insurance if they had or have cancer. Yes life insurance policies cover cancer if you buy a policy and are later diagnosed with cancer. The insurer will want to see.

The main reason you might like to have life insurance after cancer is that the payout could pay off your debts if you passed away such as your mortgage. If youve had cancer it doesnt mean youll automatically be declined for life insurance. You can qualify for a life insurance policy with cancer though your options are significantly restricted.

Or you may be refused cover altogether. 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. Life insurance comes in various types.

However this shouldnt be a deterrent for purchasing life insurance. You need to check your existing policy if you are diagnosed with cancer. The simple answer is yes you can apply for life insurance coverage.

This is because your health is uncertain and youre deemed risky in the eyes of the insurer. If you have had basal cell or squamous cell skin cancer you may even still qualify for a preferred rating which gives policy holders a discount. Based on their underwriting guide having had cancer is not an automatic knock out.