When applying for life insurance, it is oftentimes difficult to obtain approval if an applicant has any type of adverse health condition or if they have had various types of health related procedures. This can be the case for those who have had a prostatectomy. The good news is, though, if you apply for life insurance through the right source, your chances of obtaining a policy can be increased a great deal.
This article is going to look at the different ways that you can increase your chances of getting approved for a quality insurance plan. Life insurance is one of the most important investments that you’ll ever make for your loved ones. It’s one of the only ways that you can ensure that your family has the money that they need, regardless of what happens to you.
Questions You Will Likely Be Asked When Applying for Life Insurance
Following a prostatectomy, the life insurance underwriters will want to know more information about your condition in order to determine just how much risk they may be taking on if they approve your application for coverage.
In this case, questions you are likely to asked will typically include the following:
- When did you undergo your prostatectomy procedure? The underwriters will want to know when your prostatectomy was performed. In most instances, if the procedure was performed more than one year ago with no recurrence, it is probable that you can qualify for life insurance coverage at a Standard policy rating (provided that you have no other type of adverse health condition).
- Have you experienced any adverse symptoms within the past 6 months? If you have experienced any symptoms of pain or difficulty in urinating following your prostatectomy procedure, it could be a sign of recurrence. This could signal that you need an additional evaluation in order to determine whether or not you will qualify for life insurance coverage at a Standard policy rate.
- If there is a diagnosis of CA, what was the state of the prostate cancer? If you were diagnosed with stage 2 prostate cancer and you had a successful prostatectomy that was performed more than one year ago, it is possible that you can qualify for life insurance coverage at a Standard rate – however, in this case, your PSA would need to be within normal limits, and your Gleason score would need to be below 6.
- What is the number of your current Gleason Rating? The underwriters will also want to know the number of your current Gleason Rating. This number will be between 2 and 10, with a higher number signaling a more aggressive prostate cancer. If you have a normal PSA reading, but a Gleason score of 7 or more, you may be required to wait for one year or more before you will qualify for life insurance coverage.
- Do you visit your urologist regularly for check-ups? By regularly going to your urologist, you can help in monitoring any recurrence. This also signals that you are attempting to control your prostate condition. This is viewed as a positive sign by the life insurance underwriters.
- When was the last time you had a PSA test performed? Having a recent PSA test performed can indicate whether or not there have been any changes in your prostate gland that require immediate attention. If your prostate gland shows normal results, it can be a sign that you are controlling your condition and complying with your doctor’s recommendations.
- Are you a smoker seeking life insurance? Smoking has been shown to be associated with different types of cancers – including prostate cancer. If you are a current smoker, this will count against you – and it could possibly even cause you to be declined for life insurance coverage, as it can heighten the risk of recurrence.
In addition to the specifics about your prostate condition and your prostatectomy, the life insurance underwriters will also take into account other factors when reviewing your application for coverage, such as your:
- Height and weight
- Occupation and income
- Lifestyle factors and dangerous hobbies
- Your family history with cancer
It is also typical that a blood and urine sample will be required as a part of the overall application process. These samples will be reviewed for certain health related conditions that may also present risk to the insurer.
Once all of your information has been thoroughly reviewed, the insurance company will be able to make a determination regarding your coverage, as well as the premium rate to be charged for your policy.
How Much Will Your Coverage Cost Following a Prostatectomy?
In most cases, provided that an applicant is asymptomatic, the best policy rating for an individual following a prostatectomy is Standard. This rating is typically given to those insureds who are of “average” health in a particular policy class for their height and weight.
If, however, you have other slight health issues – weather it is due to your prostate condition or to another unrelated condition – you may still be able to qualify for coverage. However, you may qualify at a Substandard rating. This means that, because you pose a higher risk to the insurance company, your premium rate will be higher than the Standard, or higher than average.
How to Apply for Life Insurance
For those who wish to apply for life insurance after a prostatectomy, it is typically best to do so through an entity that has access to more than one life insurance company. That way, your application will have a better chance of being approved.
We can help you in obtaining the life insurance coverage that you need. We work with many of the top rated insurers in the marketplace today, and are familiar with which companies are willing to take on higher risk cases.
Let us work with you in comparing policy benefits and premium quotes. In order to begin the process, simply fill out the form on this page, and you can obtain quotes from several top life insurance carriers within seconds.
We know that shopping for life insurance is never going to be a fun task, but that’s why we are here to help. It’s our mission to ensure that you’re getting the best life insurance policy to meet your needs. Nobody wants to think about his or her own passing, but not having life insurance is one of the worst mistakes that you could ever make.
You never know what’s going to happen tomorrow, which means you shouldn’t wait any longer to get the coverage that your family needs. If you were to pass away without that coverage, your family would be responsible for all of your debts and other final expenses. Losing someone that you love is never going to be easy, but being stranded with thousands and thousands of dollars of debt is going to make the situation that much worse.
Should you have any questions regarding quotes, life insurance after a prostatectomy, or insurance coverage in general, please feel free to contact us directly, toll-free, at 888-229-7522 and we will be happy to help. Don’t let your condition stop you from obtaining the life insurance protection that you and your loved ones need to make your financial plan complete.