One of the most common impairments our agency sees is a history of Breast Cancer.
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.
In order to find the life insurance company who will offer the most favorable rate, here’s what we need to know:
1. What was the specific type of breast cancer?
2. What was the stage and grade of the cancer? (MOST IMPORTANT – this should come from your post pathology report)
3. At what date were you diagnosed? And what date did your treatment end?
4. How was it treated? (lumpectomy, mastectomy, chemo, radiation, etc.)
5. Any metastisis or lymph node involvement?
6. What was the size of the tumor?
If we are missing any information above, we can’t accurately shop your case. Furthermore, if a life insurance agent doesn’t ask you the above questions, they are merely guessing at what your rate will be. Proceed with caution.
Having a copy of your pathology report will help tremendously in prequalifying you for this life insurance, although not required,
One thing that’s important to mention is that most companies will want some time to pass since you’ve had your last treatment.
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 metastic 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, Metastic 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.
We’ve helped dozens of women find AFFORDABLE life insurance with Breast Cancer history. We know what companies offer the best rates and have the relationships with underwriters to get you approved.
We’ve also been featured as an expert in this subject in a few financial media sites if you’d like to read more:
LifeHappens Article – “Think You Can’t Get Life Insurance if You’ve Had Breast Cancer, Think Again!”
NerdWallet Article - “Life Insurance after Breast Cancer
Call us today or fill out the quote form on the right and let us help you find affordable coverage with a Breast Cancer history.