When applying for life insurance coverage, not everyone will be able to qualify easily. This could be due to certain health conditions that deem the individual a higher risk candidate. Because of this, the life insurance carrier may feel that the applicant is at a higher chance of claim – which could, in turn, be costly for the insurer if they are accepted as a policy holder.
Sometimes, if the risk is considered too high, the insurance company may deny a person for coverage altogether. In other cases, the policy is accepted for coverage, but with a higher than average premium rate.
If you have certain health conditions such as seminoma, you may feel that getting life insurance is too much of a challenge. But the good news is that by working with a specialist in higher risk cases, like individuals looking for life insurance with diabetes, you can greatly improve your chances of finding a carrier that may take you on as a policy holder. We specialize in working with higher risk life insurance applicants – which can help you to save a great deal of time – and frustration – throughout the application process.
How Seminoma Can Have an Effect on Your Life Insurance Application for Coverage
Seminoma is a type of germ cell tumor. Typically, this affects the testicle. However, in certain rare instances, it can also affect the mediastinum, as well as other extra-gonadal locations on the individual. It is considered to be one of the most common forms of testicular tumors, with approximately half of germ cell tumors being seminomas. In most instances, this health issue affects young males who are between the ages of 20 to 39 years old.
This type of tumor will typically appear as a homogeneous intratesticular mass that is oval and well-defined. The treatment for this type of tumor will typically involve surgical removal of the mass. In addition, chemotherapy may also be needed by the individual.
While seminoma is considered to be very highly treatable and curable – having a survival rate that is in excess of 95%, provided that it is detected in the early stage of the disease – it can still have an effect on a person’s life insurance application.
This is because even though prognosis is good, a survivor may still have an increased lifetime risk of developing other types of malignancies such as testicular cancer in the other testicle, as well as other cancers such as that in the bladder, pancreas, and / or the stomach. With that in mind, the insurance underwriters will want to know as much information as possible regarding your condition when you apply for coverage.
What Will the Insurance Underwriters Want to Know?
When you apply for life insurance coverage, it will be necessary to complete an application for coverage. Here, you will be asked for more of the “basic” information. This will include the data such as your:
- Contact Information
- Marital Status
- Smoking Status
- Occupation / Income
- Health History
- Family Health History
- Any Other Life In-Force Life Insurance (and the amount)
The insurance company will also want to know more in-depth information regarding your health condition if you have seminoma. Therefore, it is likely that you may be asked to complete additional paperwork that can include some or all of the following questions:
- When were you initially diagnosed with seminoma? This is important, as the earlier your condition is detected, the better the chance is for a cure.
- Do you have a history of recurrence with seminoma? If there is a history of recurrence, then the chance of getting a Standard policy rating is likely not good. Depending on how long ago the recurrence was, a Mild Substandard may be possible. If, however, the recurrence was less than five years ago, then a Medium Substandard may be more likely.
- What methods have your taken / are your currently taking to manage or control your condition? The underwriters will want to know what methods you are taking and / or have taken in controlling and managing your condition. This may include surgery, chemotherapy, and / or radiation.
- Do you take any medication for your condition? The underwriters will also want to know if you are taking any medication, as well as the dosage amount.
- Are you currently a smoker? Because smoking is a known factor for all forms of cancer, this is an important question. If you answer yes to this question, then the chance of obtaining a Standard, or even a Mild Substandard policy rating may be slim.
- How often do you visit your medical specialist regarding your seminoma condition? It is important that you have regular visits with your medical professionals. Therefore, the answer to this question will be important.
- Have you had any relevant lab testing performed within the past 12 months? If you have had any relevant lab testing performed over the past 12 months, the life insurance underwriters may wish to receive copies of these test results so as to get a clearer picture of your overall health condition.
Also, as a normal part of the life insurance underwriting process, you will typically need to take a medical examination. This will consist of meeting with a paramedical professional. The exam takes approximately 30 minutes in total. During the examination, you will be asked additional health related information. You will also be asked to submit a blood and a urine sample. The samples will then be tested by the life insurance company for various issues that may be considered risky from a health and / or claim standpoint.
In addition, the insurance company may also wish to view your medical records in order to obtain more details about your overall health and health history. These records may be obtained from your primary care physician and / or from a specialist that you may visit as a result of your seminoma. You will need to provide written permission for the insurance carrier to proceed with this request.
After all of your health related information has been obtained by the insurance company, the underwriters will be able to more closely analyze everything – and from there, they will then be able to make a determination regarding your coverage, as well as come up with an appropriate premium rate to charge.
Will You Qualify for Coverage with Seminoma?
There are many factors that will effect whether or not a person qualifies for life insurance coverage, as well as how much their policy premium will be. Certainly, the type and the amount of insurance that you are applying for will play a key role in this determination, as will your age and gender.
What the insurance underwriters determine about your overall health, as well as your current condition regarding your seminoma, will also be a key criteria in your life insurance coverage, as well as your premium rate.
If, for example, you are in very good health, you have no recurrence, and your tumor is no longer present, then you may be able to obtain a Standard policy rating. This means that your premium would be in line with other policy holders who are in your same age range and policy class.
If, however, it is determined that your health is not in the good or excellent range, then it is possible that you could still obtain insurance coverage, but in a Substandard class, and at a higher premium rate.
How and Where to Get Premium Quotes on Life Insurance with Seminoma
When looking for quotes on life insurance with seminoma, it is typically best to work with either a company or an agency that has access to more than just one life insurance carrier. It is also wise to affiliate with a specialist in higher risk cases. This way, you can narrow down the carriers that are more apt to take on those who have health issues such as seminoma.
If you are ready to find the life insurance coverage that you need in order to protect those you care about, we can help. We work with many of the top life insurance carriers in the market place today, and we can assist you in obtaining all of the important information and details that you require. When you are ready to move forward, just simply fill out the form on this page or give us a call at 888-229-7522.
Should you find that you have any additional questions regarding finding life insurance with seminoma – or even if you just have a question or a concern about life insurance in general – please feel free to contact us directly.
We understand that finding life insurance coverage when you have a health condition such as seminoma may seem like it’s a challenge. But the truth is that you have many options today – and with us, you have an ally on your side. So, contact us today – we’re here to help.