Finding a Policy Doesn’t Need to be Difficult
It’s not easy to find an insurance policy when you’re dealing with health issues like Colon Cancer. Many insurance companies decline Colon Cancer coverage, but at our brokerage, we are happy to help and will find you your most affordable option. Instead of trying to find a policy yourself, let us help you narrow your options. We are familiar with many impaired risk life insurance companies, making us well-equipped to find you the best rate possible.
When you’ve been diagnosed with a serious health issue like colon cancer, it may change how you feel about having insurance and protecting yourself and your family. However, finding the right life insurance company that will look at your case with leniency can be very difficult. You may have heard that you can’t get a good health classification or that you may even be declined because of the cancer.
However, life insurance companies all view health conditions differently, and there are numerous factors involved in determining your rating class. We are experienced in gathering pertinent information to help portray your condition in the best light to insurance companies. From there, we are familiar with which companies are more willing to offer better rates to people who other companies may consider “high-risk” applicants.
We have high-risk experts on our team who can help you shop through all your life insurance options to help you find your best rate.
Here's some information we need to start looking for your best rates:
• When were you diagnosed?
• What treatment did the doctors use?
• When was your treatment completed?
• Do you currently take any medications?
• At what stage was the cancer?
• Have you had a recurrence?
• When was your last colonoscopy and what was your CEA level?
Colon Cancer and Life Insurance
In Situ – Standard rates are available as a best-case scenario
State I and Stage IIA: Declined if it’s been less than 1 year. After 1 year, it’s a $7.50 flat extra until you’re 7 years out. If you’re 7 years out, you can qualify for Standard rates with a small group of companies.
Stage IIB: If it has been fewer than two years, you will likely be declined. After 2 years, there is a $10 flat extra until you’re 9 years out. If you’re 9 years out, you can qualify for Standard rates with a small group of companies.
Stage III – You will likely be declined if cancer involved more than 2 lymph nodes; you’ll only qualify for a graded death benefit policy. If it’s less than 2 lymph nodes, you have to wait for 5 years to qualify for coverage, and then it will be a very expensive table 2 + $10 flat extra. The best-case scenario is 10 years out and then you can qualify for a table b rating.
Stage IV – Decline. Graded death benefit policy only.
Some agents don’t look into the details of your case, so they’re not looking at rates that fit your specific needs. However, we are specialized agents in high-risk insurance. As a brokerage, we are only interested in helping you find your best insurance options. Don’t hesitate to give us a call at 212-484-9888 for some peace of mind in knowing you’re getting the best rate.