I think we can all agree that tumors, especially when located in or around the brain can have serious health consequences and are taken seriously not only by the life insurance companies but yourself and your primary physicians.
Life insurance is always an important decision to make, and when you are going through the application process with a high-risk medical condition, things can seem even more complicated.
I get it. We all do. Especially all of us over here at Good Life Protection. We see high-risk cases every day and have handled thousands of them. Recently, I spoke with an individual going through a tough time, and he had some questions about his options.
More specifically he asks, can you get life insurance with a brain tumor. This sparked me to deliver this article to all of you and provide the answer. Here’s what I know with years in the industry and handling high-risk cases involving brain tumors.
So, can you get life insurance with a brain tumor? Yes, you can get life insurance with a brain tumor. It makes a big difference what kind of tumor you have. Benign tumors are very common, and you can still be approved for life insurance. Especially when it doesn’t require any surgery or removal.
This is only barely scratching the surface about the information you need to know about applying for life insurance with brain tumors.
This post is designed to deliver you the information so that you can feel comfortable entering the life insurance application process and obtaining the coverage you and your family deserve.
Let’s dive into the specifics.
Understanding Brain Tumors and Life Insurance Coverage.
Like we mentioned previously, it’s not uncommon to be diagnosed with a brain tumor. Especially a benign tumor. It happens to thousands of individuals every single year. A tumor indicates abnormal growth of cells for no reason at all, and it serves absolutely no purpose.
These tumors carry very low risk, and the life insurance companies are aware of this. When this is the situation, it’s not uncommon for you to still be approved for coverage at rates much better than you may expect.
If you don’t have an increased chance of death, the life insurance company is not going to make you pay any more for coverage, tumor or not. They are also not going to decline your application altogether.
It’s very common that a benign tumor will live a fully healthy and normal life and life to the same ages as individuals who have never been diagnosed with a tumor at all. If this is the situation you are in, your life insurance rates won’t be impacted during the application process.
Of course, every case is different, and you can surely count on the life insurance company verifying all the information from your doctors. Unfortunately, they are not going to just take your word for it.
Meningiomas and Life Insurance
Many different forms of tumors can show up on the body, and all of them have different impacts on your overall health. Since we are solely focused on brain tumors, the likely scenario you may be diagnosed with is known as meningiomas.
These are tumors that grow on the membrane surrounding the brain.
When these tumors are located on the brain, 90 percent of the time they are diagnosed as benign and don’t pose any real threats you your overall health. However, these tumors do require active monitoring and need to be checked by your doctor regularly.
When you apply for your life insurance in these situations, it’s essential you inform your agent of the situation at hand and be prepared for the company to pull your records.
If it’s a benign tumor that just needs monitoring, you can expect the chances of it impacting your approval or rates will be minimal, and you won’t have much to be concerned with.
What Else Do the Life Insurance Companies Look at With Brain Tumors?
Outside of what we have already discussed, there is other information and facts that the life insurance company will want to know. As always, your overall health outside of the tumor is critical to the life insurance company.
Besides that, here’s a look at what else you can expect during the process of applying.
Lifestyle Hazards or Impairments- Do you perform any other dangerous activities or have any other factors that could impact your rates such as a hazardous job, prior drug use or criminal history?
Monitoring of Your Tumor- You can count on the insurance company wanting to know how often you need to be checked for your tumor and the procedures you undergo to do so.
Treatment for Your Brain Tumor- Do you have any other treatments you are undergoing for your brain tumor? Any future treatment? How are you responding to the treatments?
Medications- Do you take any medications for the tumor or any other health conditions that may or may not be even related to the tumor? What are they, how often and for what health condition?
Weight- Weight is always a consideration with life insurance as well. Are you within normal ranges or possibly considered morbidly obese or overweight?
What Can You Expect Your Outcome to Be with A Brain Tumor?
Something that does need to be discussed is that a benign tumor or not, it is a known fact that benign tumors do lead to a higher chance of cancer in the future. Although your situation may be great now doesn’t mean that the life insurance company isn’t concerned about future issues that may arise.
Especially when you’re potentially looking at permanent life insurance policy or term policies that may range in coverage durations from 10,15, 20.25.and 30 years. They want to know the likelihood that you would remain healthy for the duration for the entire policy.
This doesn’t necessarily mean that they don’t want to pay a claim, but they are inevitably going to do their due diligence during the screening and life insurance underwriting process.
Keeping that in mind, you can expect to find life insurance ranging greatly for overall approval rates. It’s 100% likely that you will be approved for preferred rates which are known as the best rates you can achieve in the world of life insurance, but it’s also possible that you are approved at rates in the sub-standard classes.
If this is the case it only means that you are still capable of getting full, traditional life insurance coverage but you may have to pay a higher premium per month than an otherwise healthy individual. This is usually the case when your tumor is locating on vital organs.
The brain is considered a vital organ, but as we stated before, this doesn’t necessarily mean that you are going to get the higher prices or the substandard rates. It’s always going to be a case by case evaluation in cases such as this, and you must just take it one step at a time.
Only Use the Independent Agency Model for Life Insurance with Brain Tumors
If you are in the situation where you are going through the life insurance process with a brain tumor, you need to focus on only using independent life insurance agencies such as Good Life Protection to handle your case.
We handle high-risk cases such as this all the time, and we can help you too. It’s not necessarily about what life insurance company you choose but make sure you keep all the companies on the table which only agencies such as us can do.
When you go with a Captive life insurance agent, you are boxing yourself into a corner and giving yourself no room to pivot or adjust if necessary.
You see, when you apply with an agency like us, we can shop your case with multiple top-rated life insurance companies until we find you the approval you deserve and until we find you that approval at the cheapest possible rates.
Brain tumor or not, we got your back, and will your life insurance application be going quickly and professionally.
Putting It All Together, What Should You Do Next?
Now that you know the possible outcomes it’s time to take some action, to get started you need to fill out the instant quote form on the right and begin comparing rates with the top life insurance companies that we all know and trust.
Following that you need to get your ducks in a row and be prepared to answer the medical questions that will arise during the application process.
After this, you will complete the medical exam and be well on your way towards approvals for your life insurance and most likely at rates you didn’t even think were possible.
So, what are you waiting for? You and your family deserve the coverage and the peace of mind so let’s start getting this taken care of for you. May the best price win.
Josh Martin is the founder of Good Life Protection. He began his career as a captive Agent working for New York Life Insurance Company. After continued education and designations, Josh founded Good Life Protection to provide consumers with more options and insurance that truly fits into your budget and health classification.