Affordable Life Insurance Protection for Your Family

Cancer Life Insurance

How to Get Life Insurance for People with Cancer

If you have been diagnosed with cancer, or you’re a cancer survivor, you may want to consider buying life insurance. It’s understandable you want to provide for your loved ones.


Cancer Life Insurance

Cancer Life Insurance or even life insurance for cancer survivors used to be an option that just did not exist. 


Many life insurance companies do not have enough information to make a fair assessment of the risk, to properly underwrite the risk of insuring people with cancer, or those who have survived cancer.


Did you know almost 288,300 American men will be diagnosed with prostate cancer this year?


The American Cancer Society estimates in 2021 doctors will diagnose 1,898,160 new cancer cases and 608,570 cancer deaths are projected to occur in the United States. 


If you are a cancer survivor, you may be facing another struggle: Buying life insurance.


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Although it’s a difficult diagnosis, the chances of surviving cancer and living a long life are getting better. In fact, 93% of men diagnosed with prostate cancer will live at least 10 years. In the 1980’s, that number was just 50% according to the National Cancer Institute.


Purchasing a life insurance policy after a cancer diagnosis may be challenging, but it doesn’t have to be impossible. Your ability to buy life insurance may depend on the type of cancer you have, the stage and grade of your cancer, and possibly, the treatment plan.


In fact, certain types of cancer, such as low grade skin cancer, are considered very low risk by some life insurance companies. However, most life insurers will not offer a life insurance policy to a person still undergoing treatment for their cancer.


Some life insurance companies have taken a position of offering life insurance to cancer survivors, considering the improvements in treatment, and increasing longevity for those diagnosed. Some forms of cancer, such as prostate cancer, are now considered more treatable, and life insurers are now offering coverage to some cancer survivors.


There are certain underwriting guidelines in order to be approved for life insurance. And, each insurance company may vary in how they review your application for life insurance.


Due to detection and treatment, men whose cancer is restricted to the prostate have almost the same 5 and 10 year survival rates as men without prostate cancer, according to the National Cancer Institute.


Also, after having been treated for cancer, you may be eligible for life insurance without having to wait years, depending on the insurance company.


The Hartford is one of the leading life insurers providing coverage to some people who have been diagnosed with cancer in the past. AIG American General is another carrier that may provide life insurance for cancer survivors.


Life Insurance for Cancer Survivors

Here are some steps to take to help you in buying life insurance and getting the best plan and premium:


  1. Make sure you have all of your medical records together when applying for life insurance, including the first pathology report, and all treatment records. Providing complete health records may help you get approval, and a better premium for your policy.

  2. Make certain that you comply with all of your doctor’s treatment plans for your cancer treatment. Visit your doctor for a check-up before applying for your life insurance policy, to get the most up-to-date health status from your doctor.

  3. Compare premiums and plans from several insurance companies before choosing your life insurance policy. Rates may vary quite a bit between insurers. Some may decline you for coverage, while others may offer reasonable rates.

  4. Find out if you are eligible to get life insurance through a group or organization, such as, a fraternal or professional membership.

  5. Make sure to continue any employer provided life insurance you may have through your job. And, if you leave, you may be able to convert your group life insurance to an individual life insurance policy.

  6. Consider guaranteed issue life insurance, if you are declined for other types of life insurance protection. People ages 45-85 may be able to get guaranteed acceptance life insurance with graded benefits for the first 2 years of the policy.

If your cancer treatment has been successful, and you are now in good health, you may be able to qualify for life insurance.


Life Insurance Risk Issues

Cancer is a malignant tumor where cells have acquired the capacity to invade adjacent tissue and is considered high risk by life insurance companies. Cancer is the second leading cause of death after cardiovascular disease.


Life insurance companies usually do not consider offering life insurance for people who currently have cancer. And, until treatment has been completed, most insurers will not accept an application.


One alternative is guaranteed issue life insurance which guarantees your approval if you are age 45-75.


By comparing plans and rates from an online life insurance quote provider, you have the opportunity to request quotes from more than 50 leading companies, some of which may specialize in underwriting life insurance for cancer survivors.


The rules may vary quite a bit between insurance companies, make sure to answer all application questions truthfully, and include how well you are controlling your health condition, and provide clear, concise information from your doctor regarding your current health status.


Your ability to purchase life insurance may improve quite a bit if you stay healthy for a few years. Many life insurance companies may sell life insurance for cancer survivors at normal rates if they have a clean bill of health for at least five years.


And, you may already have life insurance provided by your employer. If you do have coverage through work, and you lose your job, you may be able to convert your group life insurance into an individual policy. However, you may have to pay up to four times the premium as someone who never had cancer.


If you do have cancer, the best solution may be to look for insurance carriers who specialize in providing life insurance to people with medical conditions.


If you get rejected by one life insurer, keep trying. Each life insurer has different rules depending on certain medical conditions. One company may reject your application for life insurance, while another may be able to offer you’re an affordable rate.


Acceptance for Life Insurance

Insurance companies will require a review of your medical records. Some conditions may or may not be insurable. There is a range of possible acceptance and premiums based on medical history.


For instance, if several years have passed since your cancer treatment, you may be able to receive approval with standard life insurance rates, again, depending on the insurance company.


Important Point to Consider

If you are unable to get life insurance because of your cancer, you may still be eligible for guaranteed issue life insurance. These policies are available to anyone (usually age 45-75) and ask no health questions, but they are more expensive.


Shop and Compare

Request your free life insurance quotes to start the process of finding life insurance companies with the most flexible guidelines and most affordable premiums for your health status.


Guaranteed Issue Life Insurance may be one option for people living with cancer. However, there are restrictions on these life insurance policies that may not make them a viable option for you. There is usually a waiting period of 2-3 years. That means the coverage does not take effect for that time period, but you are required to pay your premiums.


If you do not outlive the waiting period, the policy would usually pay out the premiums paid, plus 10% interest on the premiums, upon your death.


The benefits offered by guaranteed issue policies are usually limited to $5,000 to $25,000 of coverage.


The cost of guaranteed issue life insurance may be quite expensive, averaging up to $50 or more per month, depending on the policy and the coverage amount.


This type of coverage is usually only available to people over the age of 40 or 50, in some cases.


Make sure you pay the premiums, if you miss a payment, you may be canceled and lose all the money you put into the policy.


Another option for Cancer Life Insurance may be your Employer Group Life Insurance Policy. Remember, once your employment ends, you may be able to convert your group life insurance policy into an individual life insurance policy. But this change must take place within 31 days (usually) of the end of your employment.


Or, you may want to join an Association, Union, or Credit Union in order to be eligible for enrollment in a group life insurance policy.


There are some life insurance companies that have chosen to offer life insurance policies to people with cancer, or cancer survivors. Among those is the Hartford. They are a life insurer specializing in life insurance for survivors of prostate cancer, breast cancer, and other types of cancer.


Other insurance companies who have offered Cancer Life Insurance or Life Insurance for Cancer Survivors include AIG American General. They may be better able to differentiate the risks of individual cancers, in order to determine premiums where they can factor in cancer types and treatments.


The end result may be better premiums because applicants are lumped together as an “average.” The requirements as well as the amount of coverage available may vary by company. You may want to contact an independent life insurance broker to get you quotes for life insurance from these companies.


Life Insurance Quotes

Top Pick – JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 63 top life insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote


Highly Recommended – Mutual of Omaha

Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.


  • Your life insurance policy comes with a 30 day Risk-Free, Money-Back Guarantee


Here are Some Additional Resources That You May Find Useful:



Cancer Life Insurance – Request a Free Life Insurance Quote



Cancer Life Insurance | Cancer Insurance Rates

No Exam Life Insurance for Cancer Patients

Can I Buy Life Insurance If I Have Cancer?

Burial Insurance for Cancer Patients


Disclosure: Compensated Affiliate