When applying for life insurance, most people are aware that it is required for an applicant to fill out the basic application for coverage, as well as to take a medical examination. But when you have certain types of health issues such as prostate cancer – or even if you have a family history of prostate cancer – there is information that the underwriters will need to look more closely at in order to make their determination.
One piece of data that is of particular importance is an applicant’s PSA ranges. PSA stands for prostate specific antigen – an antigenic enzyme that is released by the prostate and is typically found in abnormally high concentrations in the blood of those who have prostate cancer.
How Prostate Specific Antigen (PSA) Ranges Can Affect Your Life Insurance Application
When you have prostate cancer – or even if you have a family history of prostate cancer – and you are applying for life insurance coverage, the life insurance company (or companies) that you are applying with will want to know your PSA ranges.
A PSA test can measure the level of prostate-specific antigen in a man’s blood. In order to do so, a blood test needs to be taken, and a sample will then be sent to a lab for analysis. The results are then reported as “nanograms” of PSA per milliliter, or ng/mL, or blood.
Typically, it is common for a man to have a temporary elevation of his PSA level – which is often of no concern to a life insurance company’s underwriter, especially if the particular company is more on the progressive side.
It is important to note, however, that not all life insurance companies will underwrite their applicants in the same manner. With that in mind, while some may deem a particular applicant who has certain PSA ranges as being a Standard policyholder, other insurance carriers may rate the very same applicant (who has the very same features) as a Substandard.
There are certain reasons why an individual may have higher than normal PSA readings in his test. One could be due to temporary inflammation of the prostate gland. Another may be due to recent physical activity. Unfortunately, because some insurance agencies are not aware of this, some applicants end up with not the best rates.
What Information Are Underwriters Looking For
When it comes to prostate specific antigen ranges, there is other information that the life insurance underwriters may also be looking for. As an example, while all carriers may differ somewhat, the “normal” or acceptable ranges are based on age ranges. These are as follows:
- Age 40 to 49 – Up to 3.0 ng / ml
- Age 50 to 59 – Up to 4.0 ng / ml
- Age 60 to 69 – Up to 5.0 ng / ml
- Age 70 and over – Up to 6.5 ng / ml
The underwriters are also seeking information on the applicant’s PSA velocity. This is the measure of the changes in the individual’s PSA over time. In this case, the faster the rise of the PSA, the higher its velocity – and, the more that prostate cancer is suspected to be present in the individual.
In general, an increase in an individual’s PSA level that is more than .75 to 1.00 ng / ml per year will be of concern to a life insurance underwriter. This is especially the case if this increase has been going on for more than two years continuously.
Another area where the life insurance underwriters will look for information is regarding the individual’s PSA density. PSA density is the measure of total PSA with relation to the size of the individual’s prostate.
In this case, having a lower density will be better. The density number can be obtained by dividing the PSA by the size of the individual’s prostate gland. This information can be received from the person’s ultrasound report. The underwriters will be concerned if there is a value that is greater than 0.20 in this figure.
What If You Have Already Been Diagnosed with Prostate Cancer?
In some cases, an applicant for life insurance may have already been diagnosed with prostate cancer. In this case, there is additional information that the life insurance underwriters will need to know as they proceed through the application and underwriting process. This will help them with their decision regarding a policy, as well as in determining an appropriate premium rate.
You may be asked some or all of the following questions:
- When were you initially diagnosed with prostate cancer?
- If diagnosed with prostate cancer, what stage of cancer do you have?
- If prostate cancer was diagnosed, what was the Gleason score?
- If cancer was diagnosed, how is it being treated? (i.e., by observation only, with radiation, with hormone therapy, a prostatectomy, TURP, etc.)
- What are your current PSA levels, and what were the approx. date that these levels were measured? If your PSA levels are rising, what were the previous PSA levels and dates?
- Are you currently on any medications, and if so, what are the medications and the dosages?
- Do you have any other adverse health issues? (looking for life insurance for diabetics?)
- Are you a smoker?
In addition to these questions, it is likely that you will be required to undergo a medical examination as a part of the overall life insurance application process. Here, you will meet with a paramedical professional who will take a blood pressure and a heart rate reading, as well as a blood and a urine sample.
In addition, it is likely that the insurance underwriters will want to review your medical records from your primary care physician, as well as from any specialist that you may see for your prostate cancer treatments.
Once the life insurance company has received all of your information, the underwriters will be able to make a much more informed decision regarding your coverage, as well as about the premium.
How Much Will Your Life Insurance Cost
The cost of life insurance coverage can vary based upon a number of different factors. Certainly, these include the type and the amount of the coverage that is purchased, as well as the age and gender of the insured.
Even with high PSA levels, you could still be able to obtain very affordable life insurance premium rates – especially if you are in otherwise very good health. You could be rated as either a Standard or even as a Preferred if you are in good or Excellent health, even with high PSA levels. If this is the case, your premium rates will likely be favorable.
If, however, your health is below par, you could be rated as a Substandard policyholder. In this case, your premium would typically be higher than someone who is rated as a Standard, or average, policyholder.
For some people who have adverse health issues, a no medical exam life insurance policy can provide a good option for obtaining the life insurance protection that they need. This is especially the case if they are not able to qualify for a medically underwritten policy.
While the premium rate for a no medical exam policy is usually higher than that of a comparable medically underwritten plan, the no medical exam policy could provide the insurance protection that is needed when other policies are out of reach.
Where to Find the Best Premium Quotes on Life Insurance If You Have High PSA Levels
If you’re seeking the best premium quotes on life insurance coverage and you have high PSA levels, then it is typically a good strategy to work with either a company or an agency that has access to more than just one single life insurance carrier. That is because you will be able to compare multiple plans and companies, and from there make the determination as to which one is the best for you and your specific needs.
When you are ready to move forward, we can help. We work with many of the top life insurers in the marketplace today – and we can assist you in obtaining all of the important details that you require for making a well-informed life insurance purchase decision. We can do so for you quickly and easily. So, if you are ready to proceed, just simply fill out the form on this page.
Should you find that you still have any questions regarding getting life insurance with high PSA levels – or even if you have a question about life insurance in general – please feel free to call us. Our experts will be happy to walk you through any of the information that you need in order to ensure that you feel comfortable in moving forward.
Don’t leave your loved ones’ financial future to chance. Even if you have a health issue, there are many life insurance options that are available to you today. So, contact us now – we’re here to help.