Prostate Cancer Insurance Questions & Answers

How do life insurance underwriters view a person with prostate cancer?

Obtaining life insurance with prostate cancer might be viewed by an underwater as having a higher degree of risk to insure because of the nature of the disease.

Any form of cancer has the potential to reduce the life expectancy of a person which increases the risk. However, it should also be remembered that some cancers can be treated successfully and managed while others continue to progress despite whatever form of medical intervention is used to treat the person afflicted.

A person who has been diagnosed with prostate cancer will be required to have a medical exam. Most insurers will not issue a policy while the cancer is being actively treated and may postpone approving an application until a period certain of time has elapsed, ranging anywhere from one or more years.

Some of the primary criteria used by an underwriter used in determining whether a person is approved, and how they are rated or even declined for a policy can include:

• When the person was diagnosed and the stage of prostate cancer
• The results of 2 key tests including the PSA reading and Gleason test
• Treatment options and types such as hormone therapy, a transurethral prostatectomy (TURP), radiation or a radical prostatectomy
• Prognosis of the condition and relapses
• Other health related or lifestyle issues

Approval for life insurance for people with prostate cancer is possible but might not be possible in all cases.

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What are the health risks for prostate cancer?

Any form of cancer can pose a risk to one’s health. Prostate cancer occurs in the prostate which is a gland about the size of a walnut and located in the reproductive system of a male, and is situated near the urinary bladder.

The prognosis for prostate cancer is relatively good when diagnosed early and can be potentially cured. However, this form of cancer can also become more progressive and even metastasize and spread to other portions of the body.

Symptoms indicative of prostate cancer can include incurring pain while urinating, the need to urinate frequently and especially at night, blood in the urine and erectile dysfunction. Prostate cancer can be fatal.

Finding life Insurance for men with prostate cancer

Finding life insurance with prostate cancer can range from being relatively easy for some or not possible for others depending on the degree of the cancer, and how well it is being medically managed and responding to treatment.

Most insurers might not consider an application during the treatment phase and will use different criteria in how they assess and rate a person based on the progression and treatment.

People who have prostate cancer and are seeking a traditional life insurance policy should keep in mind that each insurer is different in the rating criteria used to assess an applicant. Some companies are more lenient than other companies which can significantly impact how a person is rated and what they are charged.

Those who have been declined altogether may have to find non-traditional life insurance polices such as Critical Illness policy, Guarantee Issue or Graded Death policy.