Contact Lenny Robbins Contact Lenny Robbins by filling out the form below
Please leave this field empty.
Contact Jason Goldenzweig Contact Jason Goldenzweig by filling out the form below
Contact Peggy Mace Contact Peggy Mace by filling out the form below
Contact Jim Winkler Contact Jim Winkler by filling out the form below
You must be logged in to add your answer.
Now share it across your social networks to increase it's visibility!
The amount of coverage is not dependent on the diagnosis in normal coverage types, only the cost of coverage.
The best thing to do is to shop the case via an independent insurance agent/broker who can shop it to multiple companies. You do NOT want to apply to multiple companies as this can work against you due to the MIB (Medical Information Bureau) - from a company's point of view, it's sort of like a red flag if you will if they saw you applied to multiple companies which they can check the MIB for.
In order to secure the most accurate quotes for the coverage, a number of factors would need to be known such as when the cancer was diagnosed, what stage is it in/was it in, how was it treated, has treatment been completed, are there anymore tests scheduled or that need to be completed, are you being treated for any other conditions, what prescriptions do you take, family medical history, and other factors. If you have a copy of the pathology report, that will help with a lot of the input.
If cancer is current, guaranteed-issue whole life (GIWL) will be the only type of coverage available as it doesn't have any medical questions or exam requirements. However, the amount of coverage available under a single policy is $20,000-$25,000, depending on the carrier. To get more than that, you would need to stack multiple policies. Under GIWL policies, they traditionally feature a 2 or 3 year graded period - meaning you only have accidental death coverage during those periods, otherwise the carrier just returns the premiums paid into the policy if death occurs during the graded period. After the graded period expires, the full benefit is payable.
Carriers typically only issue fully-underwritten coverage if the cancer has been in remission/treatment completed for at least 2 years. Many carriers prefer 5+ years from the date treatment was completed for a more favorable risk class.
Send me a message via the "contact me" button by my profile picture if you would like me to assist with your coverage. My group is licensed with about 50 different carriers in numerous states.
I hope the information is helpful - please let me know how I can be of further assistance. Thanks very much.
Your cancer diagnosis won't keep you from finding coverage. Please contact an independent agent near you, or any of us here, and have that agent walk through this with you in a bit more detail. You've got enough to worry about as it is, and a good agent will sort out all the details so you won't have to. I pray for your health and wholeness. Thank you for asking!