Life Insurance after suffering from Testicular Cancer.
In this article, we wanted to take a moment and try and answer some of the most common questions we get from folks applying for life insurance with a Seminoma or Testicular Cancer.
Questions that will be addressed will include:
- Can I qualify for life insurance if I have been diagnosed with a Seminoma or Testicular Cancer?
- Why do life insurance companies care if I’ve been diagnosed with a Seminoma or Testicular Cancer?
- What kind of information will the insurance companies ask me or be interested in?
- What rate (or price) can I qualify for?
- What can I do to help ensure that I get the “best life insurance” for me?
So, without further ado, let’s dive right in!
Can I qualify for life insurance if I’ve been diagnosed with a Seminoma or Testicular Cancer?
Yes, individuals who have been diagnosed with a Seminoma can and often will be able to qualify for a traditional term or whole life insurance policy. In fact, some may even be able to qualify for a Preferred rate!
The only problem is…
That in order to be able to qualify for such a rate, most life insurance companies are going to want to ask you a series of medical questions about your Seminoma and require one to be in remission (cancer free) for a pretty significant amount of time.
Why do life insurance companies care if I’ve been diagnosed with a Seminoma or Testicular Cancer?
Any time an individual is applying for a traditional life insurance policy after having been diagnosed with CANCER it’s safe to say that most life insurance companies are going to “care” about it. In fact, with a lot of different types of cancer, simply having been diagnosed with it the past can potentially eliminate one’s ability to ever be able to qualify for a traditional life insurance policy at any rate!
When it comes to those who have been diagnosed with Testicular Cancer this simply isn’t the case. It isn’t because, Seminomas remain one of the most treatable and curable types of cancer that an individual can be diagnosed with which is why in addition to being able to frequently qualify for a traditional life insurance policy, some may even be able to qualify at a Preferred rate.
For this reason…
We wanted to take a moment and discuss exactly what a Seminoma is as well as highlight some of the most common symptoms/complications that can occur with this “type” of cancer so that we can gain a better understanding of what a life insurance underwriter will be looking for when making his or her decision about your life insurance application.
In most cases, a Seminoma is a germ cell tumor that is located within the testicle. In some cases, it may actually from within the mediastinum or other gonadal location. Fortunately, this malignant neoplasm is one of the most treatable/curable types of cancer that a male can develop, with survival rates exceeding 95% when diagnosed early. Symptoms may include the development of a painless mass within the scrotum itself, usually in males between the ages of 30 to 40.
In some cases…
These malignant cells can go on to invade the blood stream and lymph system, spreading tumors to other parts of the body. This is why it is so important to have a true medical professional check you out in the even that you suspect anything might be wrong.
Potential causes of Testicular Cancer may include:
- Abnormal testicular development,
- Exposure to certain toxins or chemicals,
- Previous family history or testicular cancer,
- Klinefelter syndrome,
- HIV infection,
Treatment options may include:
- Inguinal Orchiectomy,
Or you doctor may choose to just monitor the situation if it appears that your tumor may be benign.
“Which brings us to an important point that we think we ought to mention.”
If you think you have a medical issue, don’t use the internet to try and diagnose yourself. After all, if you do and your correct, you’re still going to need to see the doctor, and if you’re wrong, the time you spend being your own doctor could really cause great harm to yourself!
Nobody here at IBUSA is medically trained and we’re certainly not doctors. All we ware is a bunch of life insurance agents who just happened to be really good at helping individual find and qualify for the life insurance that they’re looking for. So please don’t mistake any of the medical information that we talk about as medical advice because it’s not!
Trying to “prep” you for what it might be like to apply for a life insurance policy after you have been diagnosed with a Seminoma or Testicular Cancer… that’s it! Which brings us to our next topic which is…
What kind of information will the insurance companies ask me or be interested in?
Common questions you’ll likely be asked may include:
- When were you first diagnosed with a Seminoma?
- Who diagnosed your Seminoma? A general practitioner? A specialist? Yourself?
- What symptoms (if any) led to your diagnosis?
- What “stage” what your Seminoma detected at?
- What treatment options (if any) did you pursue?
- When was the last date of your treatment?
- Have you been diagnosed with any other pre-existing medical conditions?
- Are you currently taking any other pre-existing medical conditions?
- In the past 2 years, have you been hospitalized for any reason?
- Are you currently working now?
- In the past 12 months, have you applied for or received any form of disability benefits?
What rate (or price) can I qualify for?
As you can see, there are a lot of variables that can come into play when trying to determine what kind of “rate” an individual who has been diagnosed with a Seminoma. This is why it’s pretty much impossible to know what kind of “rate” you might be able to qualify for without first speaking with you directly.
That said however…
Most individuals who have bene diagnosed with a Seminoma will usually fall into one of three categories that we can make some “assumptions” about that will generally hold true.
The first group of folks that well encounter will be those who have just recently been diagnosed with a Seminoma and are currently treating it. In cases like these, what you’ll typically find is that most (if not all) life insurance companies will want to POSTPONE or DENY one’s application until which point that they are officially declared “cancer free”. From there, they typically want to wait a minimum of six months just to make sure that an individual doesn’t develop any residual complications due to their previous diagnosis.
The second group of folks that we’ll commonly encounter will be those who have been previously diagnosed with a Seminoma, but has subsequently been declared cancer free for more than 6 months but less than 10 years. In cases like these, we’ll commonly find that an individual will be able to qualify for a traditional term or whole life insurance policy however they probably won’t be able to qualify for anything better than a “Standard” rate and in all likelihood only be able to qualify for a “high risk” or “table rate”.
Are life insurance rates that are typically reserved for “higher risk” applicants and range from Table A, which would be considered the “best” or least expensive table rate, all the way to Table J which would be considered the “worst” or most expensive table rate.
The last group that we’ll commonly encounter will be those who have been diagnosed with and cure of a Seminoma over 10 years ago. In cases like these, what we’ll commonly find is that provided an individual hasn’t suffered form multiple Seminoma or developed any other “kind” or pre-existing medical conditions, many life insurance companies will be willing to approve an individual for a Preferred rate provide they are able to meet all other requirements for such a rate.
The good news is…
That regardless of your situation, we here at IBUSA can help because we have tons of experience helping folks with all sorts of pre-existing medical conditions like yours and are committed to helping all of our clients find the “best” life insurance policy that they can qualify for. Which brings us to the last topic that we wanted to take a moment and discuss which is…
What can I do to help ensure that I get the “best life insurance” for me?
In our experience here at IBUSA, what we have found that usually the folks who seem to find the “best” life insurance policy for them are those that:
- Take their time reviewing their options.
- Ask a lot of questions.
And seek out those life insurance agents who not only have experience working with individuals who have been diagnosed with a wide variety of pre-existing medical conditions, but also have access to dozens of different life insurance companies so that when it comes time to helping a more “challenging” case, they don’t have to rely on a…
“One size fits all approach!”
The good news is that this is exactly what you’re going to find here at IBUSA so, if you ready to find out what we can do for you, just give us a call and let give us a chance to show you what we can do for you!