Life Insurance after Skin CancerMany people asked if I could get life insurance even if I had been diagnosed with skin cancer. Well! That depends on your condition as now you have a history of skin cancer with a pre-existing medical condition. You may be surprised to know but after the diagnosis of skin cancer life insurance coverages of any type are still available for you. But it will depend on the type of skin cancer you may have. Different types of skin cancer can impact the rates of your policy. There are 3 different types of skin cancer:
- Basal Cell Carcinoma
- Squamous Cell Carcinoma
Skin Cancer Life Insurance CostNow that we know that life insurance plans are available under certain conditions, let’s discuss how it will affect the cost of insurance for those having skin cancer. Every insurer follows its own policies and guidelines when they are determining the rate or cost of an insurance plan they offer. Mostly, the standard is the best rate you may get.If you want to get Basal Cell carcinoma life insurance or Squamous Cell carcinoma life insurance you can go with a standard plan as these are common forms of skin cancer. But if it’s Melanoma, it would be a different story. Life insurance after Melanoma diagnosis, its rates and costs depend on the stage like the stage of cancer, its treatment, and any chance of recurrence.Usually, melanoma rating is substandard rates and if it comes with a recurrence, it would simply decline.
Skin Cancer Life Insurance OptionsIf you are thinking of getting skin care life insurance, your insurance premium will depend on your age and overall health and medical conditions. Moreover, if you currently have skin cancer or experienced it in the past, the insurer will determine the type of cancer you have, its stage, severity, and the treatment you are getting to check your risk class. Anytime you have to get life insurance skin cancer, it’s recommended to research multiple insurance companies, review your options, and find the policy that suits best your needs. As mentioned earlier, insurers have different guidelines to check the policy and rates you are eligible for, so make sure to find a company that is best for you and your family. Different insurance options available for skin cancer patients are:
1- Term Life InsuranceTerm life insurance policy will provide you coverage for a specific period. In case you have skin cancer or had it in the past, you can still get the coverage but your rates might be affected.
2- Permanent Life InsuranceAccording to your skin cancer kind, treatment options, and prognosis, you may opt for a whole life or universal life insurance plan. Same as term insurance plans, your rates will be affected.
3- Simplified Issue Life InsuranceIt does not require a medical exam from the applicants but the coverage amount might be lower than any other insurance plans. You have to answer some health questions on the application.
4- Guaranteed Issue Life InsuranceIts premium is higher but one does not have to go through medical exams or health questions while applying. Note that there might be a waiting period after your cancer treatment before you can apply for policy coverage.
Common Application Process for Skin Cancer Life InsuranceIf you are suffering from a pre-existing condition while applying for insurance coverage, the insurer may ask you some particular questions about your health. Like:
- What type of skin cancer do you have?
- When were you diagnosed with cancer?
- What type of treatment did you receive?
- Do you visit your dermatologist regularly?
- Was the skin cancer removed?
- Have you had various occurrences?
Applying for Insurance Coverage after Skin Cancer DiagnosisHave you been diagnosed with skin cancer and are now curious to know about available life insurance plans? Well! It is advisable to consult a professional or financial agent so that you can explore various options, discuss your concerns, and avail the best one together according to your financial strategy. In such a way, you can also get answers to some important questions, such as:
- How much does a Life Insurance Policy cost you with any pre-existing condition?
- Would an existing plan be canceled if you get diagnosed with cancer or any other pre-existing condition?
- What happens if cancer gets worse or cured?