Securing life insurance with a bladder cancer history can be a frustrating process if you don’t use an agency experienced in this risk. We’ve helped many of our clients 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, but we can certainly give you some options. If you are concerned that age could be a factor, don’t hesitate to contact us. There is term life insurance for seniors available to you. Let us assist you in this process.
The best thing to do is give us a call, but let us earn the right to speak with you first by showing you what to expect first.
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.
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.
When you start to work with a life insurance agent, we’ll need to know the following:
• How was the cancer treated? (Chemo, radiation etc)
• When was the treatment completed?
• Are you on any medications?
• What stage was the cancer?
• Were lymph nodes involved? If yes, how many?
• Has there been any evidence of 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:
What Life Insurance Ratings To Expect
Best case scenario in which you can receive standard rates are 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.
A flat extra charges an extra dollar amount per $1,000. For example a $3 flat extra will be an extra $300 added to a $100,000 policy.
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.
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.
Remember, if we can’t secure rates within your budget- you don’t have to take them. We don’t ask for money until you’re APPROVED for rates within your budget.
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.