Life Insurance With A Family History of Cancer

One of the most frustrating things for healthy people looking to secure life insurance is being rated on your family’s cancer history.

You don’t have cancer, so why should YOUR life insurance rates be effected?

I can see both sides of the argument.  From the underwriters point of view, they’re looking at cases for young people for $1 million dollars of coverage for pennies on the dollar all day long.  They would be crazy not to factor in family history of cancer because there are direct links to “certain” cancers that you have a higher probability of getting if your parents had them.  And even then, most carriers will give you affordable rates, just not the best health classes.

Obviously if your mother died of breast cancer and you’re a male, it’s a non-issue.  Or your father died of prostate cancer and you’re a female, it’s a non-issue.

From the consumer’s point of view, I understand that you and your family are different when it comes to health and it’s not really fair to be penalized for something out of your control.

Well, there’s some good news.

When you apply your application is viewed differently by each insurance carrier and if you have a family history of cancer and are in the market for life insurance, there are companies that will look at your risk more favorably.

Here’s what you need to know.

Virtually every life insurance carrier on the market will eliminate the “preferred” and “preferred plus” health class if you have a family history of cancer….except for 2 life insurance carriers.

Being an independent life insurance brokerage, we keep our eye on the market for opportunities for every risk and there’s some big news that just came across our desk.

Life Insurance Family History of Cancer 3We just received word that Legal & General (which is Banner Life and William Penn) will not penalize you if your family has a history of cancer.  This means you can still receive the preferred class rating unless specific cancer genes are identified in you (i.e. breast cancer and colon cancer).

Before this announcement, ING Reliastar was the only life insurance company who didn’t factor in a family history of cancer.  Now they have some competition.

If you’re in good health and have had your family history of cancer effect your life insurance rates, you should look at Banner Life or ING Reliastar’s rates.  You can run them on our instant quote engine to the side, or contact us by calling or filling out our quote request forms.

Again, if your family has history of cancer and are healthy otherwise, you should still be able to get great rates from some of the strongest life insurance companies in the industry.

If you think of any questions, please reach out to us!


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About Jeff Root

is the owner of He's an independent life insurance agent who has helped 1,000's of consumers purchase life insurance online and over the phone.

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1 Comment

Hi Jeff, Good post. Lincoln Financial Group also does not consider family history of cancer.

September 17, 2012 at 11:38 pm
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