If you’ve ever sought life insurance coverage, you’re probably well aware of the underwriting process, where an underwriter reviews your personal health and other factors such as your habits and hobbies, in order to determine how much risk they will be taking on concerning a potential claim.
But did you know that the insurance carrier will also be taking a close look at other criteria, too, such as your family health history?
The reason that they do this is that certain health conditions such as prostate cancer may be hereditary – so if your family tree includes adverse illnesses, it may mean the difference between obtaining the adequate coverage and going unprotected.
With that in mind, if a condition such as prostate cancer does run in your family, you may need to consider working with an agency who provides you with multiple insurance carriers.
Even though all life insurance companies have some type of criteria for underwriting their applicants for coverage, these factors are not all the same.
Therefore, with that in mind, your application for coverage may have a better chance of being accepted with a carrier that is more apt to view prostate cancer more favorably than a carrier that doesn’t.
And this can make a world of difference to the loved ones who may have to change their lives should the unthinkable occur and be left without the financial resources to carry on without you.
But there is no need to worry because we can help you find the perfect plan at an affordable premium, so you can get the coverage your family deserves.
How Prostate Cancer Can Affect Your Application for Life Insurance Coverage
Prostate cancer is one of the most common forms of cancer that occurs in men. It typically grows slowly, and may initially remain confined only to the prostate gland, where it does not cause any serious damage.
However, in some cases, it can be highly aggressive and can spread very quickly.
The potential for developing this type of cancer increases for men who are over age 40, particularly if prostate cancer already runs in the family.
There are also other factors that can increase an individual’s risk of developing prostate cancer, including:
- Poor diet
- No / poor exercise habits
On a positive note, even though having a family history of prostate cancer can potentially be a detriment to your life insurance, there are many life insurance carriers that still offer very affordable rates on coverage – even if you’ve been rejected by other carriers.
The key is knowing which companies to apply through.
That’s where we can help.
Over the years, we have assisted many individuals like yourself with prostate and other health conditions too, such as life insurance for diabetics.
What Insurance Underwriters Want to Know If You Have a Family History of Prostate Cancer
When you have a history of any adverse health issue, your underwriters will ask for further details about your condition – beyond what is asked about in your basic preliminary application.
- What are your current PSA (Prostate Specific Antigen) velocity readings?
- What is your current PSA density?
- Who in your family was diagnosed with prostate cancer?
- When were they diagnosed?
- What type of prostate cancer were they diagnosed with?
- If you are diagnosed with prostate cancer, when was your date of diagnosis?
- If prostate cancer was diagnosed, at what stage is it?
- If prostate cancer was diagnosed, what was the Gleason Score?
- If prostate cancer was diagnosed, how is it being treated/managed? (i.e., though only observation, radiation, hormone therapy, prostatectomy, TURP, etc.)
- If prostate cancer was diagnosed, have you been prescribed any medications?
- If so, which medications do you take, and what is your dosage?
- What (if any) additional conditions do you have?
- Are you a smoker?
- What steps have you taken to improve/control your condition since your diagnosis?
In addition to the information that the underwriters will ask, most life insurance companies will also usually require that you go through a medical examination to complete the application process.
For those who have a family history of prostate cancer, this may include the reviewing of Prostate Specific Antigen (PSA) blood test results in the lab testing.
Typically, the medical exam will involve sitting down with a paramedical professional to get a blood pressure and heart rate reading, along with blood and urine samples.
These will also be tested for various health-related risks.
If you are trying to find life insurance with high blood pressure we can help you acquire life insurance as well.
How Much Does Life Insurance Cost?
With all of their information acquired, the underwriters will be able to proceed with writing your policy, landing on premium rates and an appropriate amount of coverage based on your health condition.
If it is deemed that you are a healthy individual, then you could very well make it into the Standard rating class.
In this case, you will pay average premiums for your policy, just like any other person the same age and gender as you would.
If, however, you are in sub-par health, you could find yourself a member of the Substandard policy category.
In this case, the premium you will be charged is higher than the average of a Standard policyholder.
In some instances, a no medical exam policy may be a strong alternative option.
These policies do not require that a medical exam is taken in the duration of the underwriting process.
This way, individuals who might otherwise be turned away due to their conditions can still get a life insurance policy.
As can be expected, your premiums with a no exam policy will be higher than they would for a comparable medically underwritten policy.
When the life insurance company sees risk, which they do when there is no medical exam to show the state of your health, they charge higher premiums.
However, in some cases, this type of policy may be a person’s only option to obtain the life insurance coverage that they need, in which case, it is a worthwhile expense.
How to Help Your Application Through the Process More Quickly
If someone if your family has had prostate cancer and you need life insurance, there are some ways in which you can help to prepare for your application that may help to get your application through the process more quickly – and possibly with a more positive result.
Some of these steps can include the following:
- Maintain a healthy diet and exercise plan
- Continue to see your doctor as recommended
- Follow any plan and advice from your doctor and other medical professionals with regard to your medical treatment
- Ensure that all of your medical records are regularly updated
- Make sure that any other health issues are under control (i.e., weight, high blood pressure, etc.)
- Go with a company who specializes in higher risk cases that provides you with multiple insurance providers.
Where to Get the Best Premium Quotes
Having a history of prostate cancer can seem to make the process of seeking life insurance more difficult.
But in reality, there are many good quality life insurance carriers that will take on applicants who have this issue in their family history.
The question is finding which companies they are.
Finding the perfect carrier and policy to meet your needs requires having the right information.
Having successfully found life insurance coverage for numerous clients, we have the experience and tools needed to propel you to the right plan, even with a family history of adverse health conditions.
In addition to working with clients with varying health conditions, we also partner with a plethora of insurance providers, offering you the best rates on the market from a variety of insurers.
And the best part is, you don’t have to drive a single mile to get our advice and begin shopping for a life insurance policy.
You just need to plug your information into our free quote form.
If you still have questions about finding the right life insurance coverage with a family history of prostate cancer – or even if you’d like a clearer understanding of life insurance as a whole – our experts are eager to assist.
In addition to reaching out via our website, you can contact us directly at 888-229-7522.
If your requests for coverage have been denied in the past, we know applying for coverage again may seem daunting.
But today, there are many more options available for the financial protection of those you love – plus, you’re not alone in your search.
We’re here to guarantee you find the coverage you need, and a premium that is affordable.