Breast cancer is a common illness that our agency sees when we first talk with women.
With the advances in treatment, increasing awareness, and self-exams, we’re seeing more and more breast cancer survivors applying for life insurance. The good news is that some life insurance companies will give very affordable offers if it’s detected early and treated properly.
While some carriers will still decline, there are several life insurance carriers that are very aggressive with underwriting breast cancer.
Finding the Best Rates for Life Insurance with Breast Cancer
In order to find the life insurance company who will offer the most favorable rate, here’s what we need to know:
- Is there a certain type of breast cancer you have?
- Currently, what stage and or grade is the illness?
- What was the diagnosis date, and when was your treatment over?
- What did your treatment look like?
- Any metastasis or lymph node involvement?
- Do you know the size of the tumor?
If we are missing any information above, we can’t accurately shop for your case. Proceed with caution if the agent you’re speaking with doesn’t want or ask for this information. You cannot trust their quotes.
During prequalifying, if we can get a copy of the pathology report, it could help us a lot when we take a look at your options.
One thing that’s important to mention is that most companies will want some time to pass since you’ve had your last treatment.
Underwriting with a Breast Cancer History
Here’s what you can expect from a breast cancer life insurance underwriting standpoint. If this doesn’t make sense to you, then please call us and we’ll provide the rates over the phone.
Ductal Carcinoma In Situ and Lobular Carcinoma In Situ
- Standard to Table 2
- If young, there could be a flat extra for 1-3 years.
- Pru will go Standard Plus if over age 40.
No lymph nodes involved or no metastatic disease:
- Stage 1, Grade 1: Flat extra of $5 to $8 for 1-3 years (depends on age & date of last treatment)
- Stage 1, Grade 2: Postpone 1-2 year from date of last treatment, then FE of $5-$15 for 2-5 years (depends on age & date of last treatment)
- Stage 2, Grade 1: Postpone 2-5 years from date of last treatment, then FE of $5-$20 for 2-5 years (depends on age & date of last treatment)
- Stage 2, Grade 2: Postpone 3-5 years from date of last treatment, then $7.50-$20 FE for 2-5 years (depends on age & date of last treatment)
One Lymph Node Involved
- Stage 2, Grade 1: Postpone 3-10 years then $7.50-$20 FE for 2-5 years (depends on age & date of last treatment)
- Stage 3, Grade 2 or 3: Postpone 5-10 years. If 5 years out, $15 FE may be possible. After 10 years, individual consideration.
Stage 4, Metastatic Disease and/or Extensive Lymph Node Involvement
- Postpone 7-15 years.
- $20+ FE, then individual consideration.
- You’ll want to look into graded death benefit plans.
Bottom Line: We’ve helped dozens of women find affordable life insurance with a breast cancer history. We know what companies offer the best rates and have relationships with underwriters to get you approved.
Fill out the quote form on the right and let us help you find affordable life insurance coverage with a breast cancer history.