Life Insurance with Bladder Cancer.
In this article, we wanted to take a moment to answer some of the most common questions we get from folks applying for life insurance after they have been diagnosed with Bladder Cancer.
Questions that will be addressed will include:
- Can I qualify for life insurance if I have been diagnosed with Bladder Cancer?
- Why do life insurance companies care if I’ve been diagnosed with Bladder 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 have been diagnosed with Bladder Cancer?
Yes, some individuals who have been diagnosed with Bladder Cancer will be able to qualify for a traditional life insurance policy. In fact, some may even be able to qualify for a Preferred rate, which is pretty extraordinary considering the seriousness of this disease.
That said however…
What you’re going to find is that most of the best life insurance companies are going to want to learn a lot more about your Bladder Cancer diagnosis well before they’ll be willing to approve your life insurance applicant at any rate.
This is why it’s important to work with an insurance agent who is familiar with helping folks qualify for coverage with pre-existing medical conditions like Bladder Cancer so that they can “prepare” your life insurance application properly from the start so that much of the “wait time” to get you approved can be eliminated.
Why do life insurance companies care if I’ve been diagnosed with Bladder Cancer?
Pretty much any time someone has been diagnosed with “cancer”, you can bet that most of the best life insurance companies are going to be pretty interested in learning more about it. Particularly when the “type” of cancer we’re talking about can have some pretty significant differences in the survival rate based on how soon it was diagnosed.
Which is exactly what we see in those who have been diagnosed with Bladder Cancer.
When it comes to evaluating just how serious someone’s Bladder Cancer is, most experts will rely on a four-stage assessment that insurance companies will also rely on to determine who they will and won’t insure and when someone might be considered eligible for coverage.
These stages are described as the following:
An individual has been diagnosed with cancer, however, the cancer is thus far considered a “non-invasive” form that has not yet invaded the surrounding “non-cancerous” cells around it. These types of Bladder Cancers will typically be found only in the inner lining of the bladder and can vary in size significantly.
The most important take away here is that regardless of one’s tumor “size” because cancer remains “non-invasive”, it will be considered less dangerous/harmful than any other stage of Bladder Cancer.
Individuals diagnosed with Stage 0 Bladder Cancer typically experience a 96% five year survival rate.
Stage 1 Bladder Cancer is marked by a severe and significant milestone in their diagnosis because, unlike Stage 0, Stage 1 Bladder Cancers have begun to spread from the outer lining of one’s bladder but have not extended with the actual muscular wall (as of yet). These “types” of cases are generally considered “localized” cases and usually experience a 5 year survival rate of right around 70%.
Stage 2 Bladder Cancer marks the first time that the cancerous cells can enter into the muscular wall of the bladder, which certainly represents a further expansion of the disease, however, if caught and treated quickly, the 5 year survival rate usually isn’t affected too significantly from those battling Stage 1.
An individual will be diagnosed with Stage 3 Bladder Cancer once it has been determined that their Bladder Cancer has now spread further into the muscular wall of the b erred to as “regional” Bladder Cancer.
The 5-year survival rate for this type of Bladder Cancer is usually around 36%.
With Stage 4, what you’re generally going to find is that one’s Bladder Cancer as spread throughout one’s bladder and has been able to spread or metastasis to other parts of the body. In cases like these, treatment will usually need to be much more intensive because patients and doctors will be fighting one’s cancer on multiple fronts. Unfortunately, stage 4 cancer patients will typically see a much lower five year survival rate which usually hovers right around 5-6%
This is why…
When someone calls us asking if they will be able to qualify for a traditional term or whole life insurance policy after being diagnosed with Bladder Cancer, the truth is, we’re not going to have any idea whether or not they will until we ask many of the same questions most life insurance companies are going to need to as well.
What kind of information will the insurance companies ask me or be interested in?
Typical questions you’ll likely be asked about your Bladder Cancer will likely include:
- When were you first diagnosed with Bladder Cancer?
- What led to your diagnosis? Were you suffering from any symptoms of your disease?
- How was your Bladder Cancer diagnosed?
- Are you still being treated? If not, when was your last date of treatment?
- How was (or is) your Bladder Cancer treated?
- What “stage” did you cancer reach before you went into remission?
- Have you been diagnosed with any other pre-existing medical conditions?
- Are you currently working now?
- In the past 12 months, have you applied for or received any form of disability benefits?
Answers to these questions and others like them will usually give an insurance company and us here at IBUSA a reasonable idea about what “kind” of life insurance policy you may be able to qualify for as well as what kind of “price” you may be expected to pay as well.
What rate (or price) can I qualify for?
Usually, what you’re going to find is that people who have been diagnosed with lower “stages” of Bladder Cancer and have been in remission longer will generally have a better chance at being able to qualify for a traditional life insurance policy.
This is why…
Only individuals who have been diagnosed with stage 0 Bladder Cancer and have been in remission form several years (minimum 2 to 5 years) will potentially be able to qualify for a Preferred rate.
Other than that…
Everyone else who has been diagnosed with Bladder Cancer are either going to find themselves in a situation where they are either going to have to settle for a Standard or Sub-Standard rate or in cases where there are still fighting their cancer or were diagnosed with Stage 3 or 4 Bladder Cancer qualifying for traditional coverage may prove impossible.
In cases like these…
Fortunately, we here at IBUSA offer a wide variety of different insurance products offered by dozens of different life insurance companies. This brings us to our next topic, which is…
What can I do to help ensure that I get the “best life insurance” for me?
In our experiences here at IBUSA, we’ve found that usually, the “best” approach in helping someone find the “best” life insurance policy for them is to first:
- Fully understand what an individual is trying to achieve by purchasing their life insurance policy.
- Are you looking to:
- Cover the cost of a mortgage?
- Replace lost wages?
- Protect a child or spouse?
- Or just cover one’s final expenses?
- Then provide one with plenty of options to choose from so that you’re not limited to just one or two different options.
This is why…
We here at IBUSA choose to work with so many different life insurance companies so that when it comes time to help you decide “which” life insurance company is going to be the best for you, we don’t have to apply a…
“One Size Fits All”
Approach. Instead, we can make dozens of different life insurance companies compete for your business.
So, what are you waiting for? Give us a call today and experience the IBUSA difference.