There are three important questions that you need to ask if you are applying for life insurance after having been diagnosed with Basal Cell or Squamous Cell Carcinoma:
- Can I get life insurance?
- What will it cost?
- What is the process?
Let’s begin with a brief overview.
Both basal cell and squamous cell are a type of non-melanoma skin cancers. They are typically found on areas exposed to the sun, and are usually treated with a simple surgery where the doctor simply cuts the affected area out of the skin, completely removing the cancer. Usually, no further treatment will be necessary.
Can I get life insurance with basal cell or squamous cell carcinoma?
Most definitely, YES.
Most carriers will ask the following questions:
- What type of cancer did you have?
- What age were you diagnosed?
- How many occurrences have you had to date?
How you answer these questions will determine the rate class you will qualify for. Getting life insurance with skin cancer largely depends on how frequent you have had the condition. It is important you go with the most skin cancer friendly company out there to avoid being labeled high risk life insurance.
What is the cost?
That’s a difficult question to answer since most life insurance companies have about 16 different rate classes. What rate class you qualify for and what type of life insurance policy you choose will ultimately determine the price that you will pay.
For example, most clients with 1-3 occurrences of skin cancer, or clients who had more but are far removed from the last occurrence, will qualify for the best rate classes available, meaning you could potentially qualify for a preferred best or preferred plus rate class, assuming you have no other health issues.
If you have had more that 2 or 3 occurrences or if you have been diagnosed with a malignant skin cancer, such as malignant melanoma, then you still most likely be eligible for life insurance however you will most likely receive a standard rate class.
If you are curious what your price tag would be, simply enter your information and see what the price is for your age and gender based on the above rate class you believe you qualify for.
What is the process?
Typically, the best policy for life insurance with skin cancer is a fully underwritten life insurance policy. This type of policy requires a life insurance medical exam. The examiner typically comes to your home and checks your height and weight and takes a small blood and urine sample. Your lab results are then processed. The carrier will request physician statements and look into your medical records. The carrier will also do a prescription database check to see what medications you are currently taking and have taken in the past. An underwriter will then assess your “risk” level and give you a rate class assigned to your specific risk. Your assigned agent at TermLife2Go will then follow up with you and let you know of your approval.
The entire process is handled by us so you can just sit back and wait for the life insurance carrier to complete your file. Speaking of life insurance carriers, not all life insurance carriers are the same when it comes to underwriting skin cancer.
Not all life insurance carriers are the same.
The life insurance industry is just like every other industry out there. Competition is constantly driving insurance carriers to compete for your business. As a result, carriers take on “niches” in an effort to earn market share. It is important to know these niches and it is important the agency you chose has the freedom to choose from multiple skin cancer friendly insurance carriers for exam and no exam life insurance. As a consumer, it is in your best interest to work with an agency that is not bound to any one carrier and will be able to shop your application to dozens of the best life insurance companies available. Only by doing this can you insure that you are getting the best policy tailored to your specific needs.
By working directly with TermLife2Go you will have an assigned agent dedicated to your application. This agent will be available to you throughout the entire application process; he or she will provide you with status updates as your application goes through underwriting and will also review your application at time of approval to ensure that you are still getting the best life insurance rates out there!
So, what are you waiting for? Give us a call today and see what we can do for you!