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Thread: Life Insurance Policies for Cancer patients?

  1. #1
    Regular User
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    Life Insurance Policies for Cancer patients?

    Anyone know of Life Insurance companies that cover Cancer pre-existing? We just got married and didn't have time prior to finding out about my H37 diagnosis.
    Believe
    --------
    Husband has Lung Cancer & Brain Tumor NSCLC Stage IV
    Diagnosed Mar 2008
    37 Yrs Old
    Smoker 15 years
    - - - - - -
    My story thus far: http://cancerforums.net/viewtopic.php?t=9545
    - - - - - -
    Current treatments & Meds:
    http://cancerforums.net/viewtopic.php?t=9550

  2. #2
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    I am not a life insurance agent.... However, I used to work in the underwriting department of a major life insurance carrier here in Kansas City. I issued policies. Your husband MIGHT be eligible for final expense (Coverage up to $50,000 usually). I suggest you contact a life insurance agent in your area and inquire about final expense.

    Kristi
    Dad - Andy, 70, diagnosed with SCLC in May 2008
    2/20/38 - 10/15/08 Fly high, Dad!
    Mom - Jackie, 68, diagnosed with NSCLC in May 2008
    3/22/41 - 12/30/09 Fly high, Mom!

  3. #3
    Hi NewlyWedWife:

    I am enrolled in Physicians Life Insurance Company--(Guaranteed Life Program), a division of Physicians Mutual. They asked no health questions (and I do mean literally), so it may be worth checking into. I know there is a certain amount of time must pass before someone can collect the full amount of a claim, so I would thoroughly investigate the fine print. Hope this helps, posted their url below...

    rmaureen

    http://www.physiciansmutual.com

  4. #4
    Administrator Top User brainman's Avatar
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    Rhonda, that do not even have the "Have you ever had...." type questions on the application?
    Jim
    Long-term cancer survivor
    1992 Astrocytoma grade 2, left motor strip
    2005 Recurrence this time said to be an Oligodendroglioma grade 3, same location.
    http://cancerforums.net/viewtopic.php?t=2405
    My Story Part 1: http://cancerforums.net/viewtopic.php?t=2528
    My Story Part 2: http://cancerforums.net/viewtopic.php?p=7350
    My Story Part 3: http://cancerforums.net/viewtopic.php?t=8029

  5. #5
    Hi Brainman

    No, I did not have to answer a single health question! The company sent me a solicitation in the mail, which they been doing for some years for medical insurance. I looked it over, filled out a very short form along with first month's payment, and I was approved in a fairly short amount of time. They did not call me or send any additional paperwork with health questions on it either, just an acceptance form. Everyone else has rejected my applications, including the guaranteed life insurance programs because of the health questions. " So much for guaranteed acceptance". I was really surprised, there were no "have you ever had... questions" at all, except it seems they may had ask about current smoking. And Physicians Mutual has been around for years, so they seem for the most part fairly reputable. It seems worth a try for sure.

  6. #6
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    What face amounts do the policies have, Rhonda?

    Kristi
    Dad - Andy, 70, diagnosed with SCLC in May 2008
    2/20/38 - 10/15/08 Fly high, Dad!
    Mom - Jackie, 68, diagnosed with NSCLC in May 2008
    3/22/41 - 12/30/09 Fly high, Mom!

  7. #7
    Hi simplyklb

    I don't have the table chart depicting premiums and expenses anymore. Myself, for me I could only afford the cheapest plan, it $13.85 a month, and covers $5000 in burial, but naturally the benefit goes up depending what you choose as a premium. I also have a number here where you can find out more or to request a form, its 1-800-228-9100. It was also the most affordable of the guaranteed life plans I have looked into. A lot of plans will not even consider you if you have yet to survive 3 years of cancer, and when you beat that, they still find a way to decline you through the health questions.

  8. #8
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    I didn't know if they give you any info on what the face amounts were up to. I know that with final expense the maximum death benefit (face amount) is $50,000.00.

    Kristi
    Dad - Andy, 70, diagnosed with SCLC in May 2008
    2/20/38 - 10/15/08 Fly high, Dad!
    Mom - Jackie, 68, diagnosed with NSCLC in May 2008
    3/22/41 - 12/30/09 Fly high, Mom!

  9. #9
    Administrator Top User brainman's Avatar
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    Rhonda, thanks. I have never seen a form that did not ask three question:

    1. Are you a smoker?
    2. Have you ever had cancer?
    3. Do you have heart problems, high colesterol...

    I am a none smoker but I funk the other two so it is good to know that I have options.
    Jim
    Long-term cancer survivor
    1992 Astrocytoma grade 2, left motor strip
    2005 Recurrence this time said to be an Oligodendroglioma grade 3, same location.
    http://cancerforums.net/viewtopic.php?t=2405
    My Story Part 1: http://cancerforums.net/viewtopic.php?t=2528
    My Story Part 2: http://cancerforums.net/viewtopic.php?p=7350
    My Story Part 3: http://cancerforums.net/viewtopic.php?t=8029

  10. #10
    Hi Brainman,

    You're welcome. I have never seen it either and it was almost too easy, so for a couple of months I remained suspicious...thinking a representative is surely going to call and grill me. Never happened! I hope it works out for all who apply, it is so difficult for those with a cancer diagnosis to get any life or medical insurance!

 
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