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, you can greatly improve your chances of finding a carrier that may take you on as a policyholder. We specialize in working with higher risk life insurance applicants.
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 the 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, there is more information you will need to give to the insurance carrier before your policy is approved.
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)
After these initial questions, the underwriter will want answers from questions like these below:
- 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 do you use 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.
- What medication(s) are you taking to help with your condition?
- 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.
Also, a normal aspect of most life insurance applications is going through the medical exam. Usually, this is the last part of the process and where the life insurance company gets a chance to determine if your future health poses a risk to them.
If the results come back with some blemishes then they might ask you to have your medical records sent to them so they can dig more into your health history. You will need to provide written permission for the insurance carrier to proceed with this request.
Will You Qualify for Coverage with Seminoma?
There are many factors that will affect 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 your overall health, as well as your current condition regarding your seminoma, will also be key criteria in your life insurance coverage, as well as your premium rate.
How and Where to Get Premium Quotes on Life Insurance with Seminoma
When looking for quotes on life insurance with seminoma, the fastest and easiest way is finding an independent agency. 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.
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.