Before getting life insurance, you need to determine if you are still in good health. Some insurance companies may refuse to insure you if you have recently been diagnosed with cancer or have had several surgeries and treatments. The best option is to get a guaranteed issue policy, which means you will not have to undergo a medical exam. It is also a great way to ensure your loved ones will be provided for if something unfortunate happens. The Insurance Surgery offers life insurance for people with cancer. If you want to check their plans, visit https://www.the-insurance-surgery.co.uk/medical-conditions-life-insurance/cancer-life-insurance/.
Depending on the type of cancer you've had, some insurers require a waiting period of between five and ten years. However, there are many companies that don't impose a waiting period if you have had cancer in the past. These companies will ask for copies of your medical records and contact information for your doctors and will follow up on any notes in your medical file. You can also get policy riders that cover specific costs, like paying for funeral expenses and covering housing costs.
If you are diagnosed with cancer and have not yet had any treatment, you can still qualify for life insurance. A policy with a graded death benefit will increase the death benefit over a period of time. These policies are best for people who have not already had any surgery. They can pay for funeral expenses, housing, and other expenses. Although the face value of final expense policies is lower than traditional life insurance, the death benefits can cover a number of expenses.
If you're in remission and want life insurance, you can apply for a policy from traditional life insurance companies. Generally, these policies will require a waiting period of up to ten years. Typically, insurers will request copies of your medical records and contact information for your doctors. Your medical files will contain notes on the diagnosis, which will be used for underwriting purposes. Additionally, your medical records will be required when applying for coverage.
While you should not automatically disqualify yourself from life insurance coverage after cancer, you can still apply for a policy with a lower rating. This type of policy will require you to undergo a medical exam and be rated as a low-risk risk. Insurers will often rate certain types of cancer as substandard, meaning they will be unable to offer you an insurance policy. The insurer will also need to check your family medical history to ensure that your cancer has not been a factor.