Securing life insurance with a bladder cancer history can be a frustrating process if you don’t use an agency experienced in this risk.
In this article we’ll cover:
- What an agent needs to know about your bladder cancer
- What life insurance ratings to expect
- How to qualify for the best rates with a bladder cancer history
We’ve helped many of our client’s with bladder cancer in their past secure life insurance coverage. It comes down to knowing everything about your bladder cancer and then finding the most lenient life insurance company to apply with.
Doing so, we’ve helped our client’s with bladder cancer histories secure the best rates on the market available to them and can do the same for you. You may not be eligible for preferred life insurance rates (unless you’ve been cancer free for 15+ years), but we can certainly give you some options.
First thing you should know is if you currently have bladder cancer or are less than 1 years from being cancer free, you can’t qualify for traditional life insurance. However, you can qualify for graded death benefit policies. These are life insurance policies at a lower death benefit that have a 2 year waiting period before any benefits pay out.
If you’ve been bladder-cancer free for more than 1 year, you can qualify for traditional coverage depending on various factors of your former bladder cancer.
Since the recurrence rate of bladder cancer is high, routine follow-up with urine cytology and cystoscopy is necessary from an underwriters point of view. Those with the greatest risk for recurrence are those with large, high grade (II & III), or those with multiple tumors. Those who show consistent follow up will see better rates.
With that said, here’s what we need to know about your bladder cancer to place you with the right life insurance company that will look at your risk the most favorably:
What We Need To Know About Your Bladder Cancer
• How was the cancer treated? (Chemo, radiation etc)
• What was the date your treatment was finished?
• Have you been taking any prescriptions?
• What stage was the cancer?
• Were lymph nodes involved? If yes, how many?
• Have you been told there’s been any recurrence?
This information is crucial to getting you accurate rates. With that said, here’s what you if you’re looking for life insurance with bladder cancer history:
Life Insurance Rates with Bladder Cancer
Preferred Rates: There are some carriers like Mutual of Omaha who will give you preferred rates if it’s been over 15 years since your bladder cancer. Especially if it’s superficial papillary tumors and/or grades I and II with 1 or 2 lesions only. If it’s been less than 15 years since your bladder cancer history, you won’t qualify for preferred rates.
Standard rates: For those with very low risk tumors. Papillary urothelial neoplasm of low malignant potential is the idea situation in which “standard” rates are available.
Next best situation is Ta, grade 1-2 with 3 or fewer tumors at one time and all tumors being 3 cm or less in size in which case you can receive “Standard” life insurance rates after 3 years have passed. If it’s before 3 years, you’re most likely looking at a $5 flat extra.
The flat extra is the upcharge per $1000 in face value.
Moderate risk tumors are considered by most life insurance underwriters to be more than 3 tumors at one time OR greater than 3 cm in size. Also considered moderate are low grade papillary urothelial carcinoma. T1, grade 1. Ta, grade 3. You’ll need to wait 7 years with no recurrence and great follow up to get “Standard” rates. However, you can still get coverage after 1 year but most companies will charge a flat extra of $7.50 per $1,000 of coverage until you’ve completed those 7 years.
High risk tumors are considered Tis, high grade intraurothelial neoplasm, high grade papillary urothelial carcinoma, T1 – grade 2-3. In this case you’re looking at 10 years before you can get “Standard” rates and a $10 per 1,000 flat extra until you reach that 10 year mark. You’ll have to wait at least 2 years before you’re able to secure coverage with a flat extra.
How To Qualify For The Best Rates with Bladder Cancer
If all this is confusing to you, let us help you make sense of it.
If you don’t have the details listed above, give us as much information as possible and the details will come out when we review your medical records and we can go from there.
From there, we’re going to email your risk anonymously to underwriting desks of about a dozen life insurance companies who have shown favorable life insurance approvals for those with bladder cancer. Your name will not be attached in any way, shape or form. We’ll wait a few days for responses and we’ll know which carriers will provide the best rates. The great part about this process IS we actually just got you a tentative approval – meaning that if everything is as you said it was and nothing different comes back in you medical records, then this is the rate you’ll qualify for. The life insurance company cannot give you a rate higher unless they found some concerning info.
So it’s in your best interest to be as transparent as possible when speaking with us.
Remember, if we can’t secure rates within your budget- you don’t have to take them. With life insurance in general, you don’t have make any payments until you’re APPROVED for rates within your budget. If it comes back too expensive, you can say “no thanks” and walk away.
No matter what level your bladder cancer is at, it shouldn’t mean that you should just lie down and accept not being insured. We have years of experience helping those with bladder cancer get the life insurance policies they need at affordable prices and would love to do the same for you.
Since we work with so many different life insurance companies, and they all have different ways of assessing risk, we’ll have you apply with the company that will look most favorably at your risk.