When looking for life insurance after ovarian cancer, many women aren’t sure where to turn because most insurance companies won’t accept them, at least not right away. While it is possible, there are a limited number of places to turn for coverage, and rates can range widely depending on the carrier. If you feel a no medical exam required policy may be an option for you, learn more here on how to obtain a 1 million dollar life insurance policy, term life insurance with no exam required or even life insurance with COPD.
Because we work with high risk life insurance clients, such as those suffering from severe diabetes or liver disease every day, we know where to go, how to secure a fair policy, and how to get you the lowest possible rates based on your current situation.
While every scenario differs, we have been quite successful in getting at least a minimal amount of coverage in place nearly every time, and you can too. Read below for more details about what type of coverage you may be able to get, and how to go about getting started.
Life Insurance After Ovarian Cancer
Unfortunately, ovarian cancer is one of the types not typically found in the early stages. This makes it more difficult to treat, decreases successful chances of treatment, and these tends to lead to a more difficult time finding life insurance because any carrier prefers a healthy individual to one who has a health condition.
While not for every woman, a traditional life insurance policy can still be purchased. This means the type where you are fully underwritten based on a medical, physician’s statements, driving record and prescription checks. This is key because it means the full payout can start from the day the policy is issued, not several years later like a graded policy.
Here are the questions you’ll need to answer up front to see if you should apply for a traditional policy first:
- When were you diagnosed?
- At what stage was the ovarian cancer at diagnosis?
- What areas were affected if more than one?
- How aggressive was the cancer?
- What type of cancer cells were present?
- Did you undergo treatment? If so, what type and how much?
- When was your last positive test for cancer?
- Does your family history involve cancer?
The best case scenario if you were able to successfully treat the ovarian cancer is a Standard rating for your life insurance. This is the identical rating to the average person, without any discounts. This is only likely where a woman was diagnosed early, treatment was minimal, and there has been no sign of reoccurring cancers in the past year.
This assumes you are otherwise healthy. If you have other health concerns, whether it be from weight, high cholesterol, high blood pressure, diabetes or any other medical illness, it may be cause enough for a slight to moderate rate increase.
For those women who weren’t as fortunate, you may see a rated policy (see table ratings) or get granted a postponement, meaning you need to wait a certain time frame until you can apply. This can be one year or it could be five, depending on the carrier.
If this is not an option because of the severity of the ovarian cancer or the fact it is still present, you will need to consider a graded or guaranteed issue life insurance policy. These types mean smaller death benefits, limited payouts in the first years, but less underwriting (or none at all). They will cost more per thousand, so they really should be your last resort.
While finding life insurance after ovarian cancer is not an easy task, we’re here to help you every step along the way. We work with carriers directly and have a process which sees much better results than your standard life insurance agent. We pick our coverage options from “A” or better companies only, and we have more than 60 different ones to choose from.
If your family depends on you and you need coverage, get started by getting a quote today.