How Improved Health Affects Your Life Insurance Rates – Part Two
Getting Life Insurance after undergoing successful treatment for cancer
This article will discuss getting life insurance when you are recovering from cancer. If this applies to you or a loved one, the information in this article is very important.
Cancer and Life Insurance
The American Cancer Society estimates that approximately 1.4 million people in the U.S. will be diagnosed with cancer in 2005. While this is a scary number, the good news is that a good percentage of these people will be expected to make a full recovery.
Contrary to popular belief, after you’ve been cancer-free for a given amount of time, you can purchase life insurance, and often for reasonable rates. And, as time goes by and you continue your check-ups and continue to be free of cancer, your rates could continue to go down.
There are several variations on purchasing life insurance after successfully undergoing treatment for your cancer. One of these is the size and location of your tumor. For example, a woman recovering from breast cancer may be able to get reasonable coverage more quickly than someone who is recovering from lung cancer. But both should be able to purchase life insurance after a pre-determined amount of time.
Another major variation is that from insurance company to insurance company. Each company treats recovering cancer consumers differently. Some require longer windows of recovery time before insuring you (or before lowering your rates), while others’ windows are shorter. There is also a variation among the initial rates themselves. These reasons and more are why it is so important to compare quotes from multiple companies, which you can do quickly and easily at InsWeb.
It is very important to be as complete as possible with the information you provide to your potential insurer. If you provide the contact information for the doctors who treated you, the insurance company can follow up to get validation on treatment information, dates, success stories, etc. This allows the insurance company to treat you as an individual case, instead of lumping you in with all cancer survivors and coming up with an average.
Conclusion
Whether you’re recovering from cancer or a heart attack or have lowered your blood pressure or cholesterol, all improvements (over time) matter to life insurance companies. It is heartening to know that you can still purchase affordable term life insurance if you are recovering from something like cancer or a heart attack, as these conditions just enforce our realization of how important it is to protect our families against any possibilities. Make sure your loved ones are protected by comparing life insurance quotes at InsWeb today!
