The moment you were diagnosed.
How to get life insurance after cancer. The most common types of cancer in Australia are breast cancer prostate cancer melanoma and cancer of the colon. Life insurance comes in various types. The insurer will ask you a series of questions regarding your treatment and diagnosis when you apply for life insurance after cancer.
You might consider adding an accelerated death benefit which gives your beneficiaries early access to your death benefit if youre diagnosed with a terminal illness. 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. Documenting all of your treatment and positive results can help.
How To Buy Life Insurance After Being Diagnosed With Cancer. By doing a pre-assessment youre able to find out how an insurance company might assess your particular medical information and personal requirements without having to provide your details its. You can get life insurance after cancer although the postpone period will depend on the type of cancer stage treatment etc.
If you are in the early stages then we can find you a term policy with Lincoln Financial group or John Hancock. With many cancers life insurance providers wont typically accept policy applications for two to three years or more after you are in remission. Depending on the insurer and the type and stage of cancer you may have to wait two to five years from your last treatment before getting approved for life insurance.
If you qualify for life insurance after a cancer diagnosis consider adding certain policy riders. If youre a current cancer patient its likely the only policy you will qualify for is guaranteed issue life insurance. Insurance is really a way of betting against a particular thing happening.
You may still be eligible for life insurance if your cancer is currently in remission and you are undergoing more than one surveillance visit per year. How to buy life insurance after being diagnosed with cancer If youre applying for life insurance when in cancer remission you may want to request a broker to conduct a pre-assessment for you. Its their job to find you the best coverage for the best priceone that fits your budget.