Life insurance for someone with prostate cancer can certainly be a more challenging task. Even life insurance after prostate surgery can often be tricky to navigate. Individuals attempting to obtain life insurance after prostate cancer typically have one specific question. Can you get life insurance with prostate cancer? As an agency that specializes in high risk life insurance, here is what I can tell you.
So, can you get life insurance with prostate cancer? Yes, you can get life insurance with prostate cancer. Can you be approved for guaranteed issue life issue with prostate cancer as well as other lines of life insurance with prostate cancer. Life insurance with prostate cancer is absolutely possible.
Now that you know that you can be approved for life insurance with prostate cancer, it’s important that we cover more of the specifics.
Sticking around for just another 2-3 minutes should have you well seasoned and have you understanding your options obtaining life insurance with prostate cancer or your chances of obtaining life insurance after prostate cancer.
However, we always recommend that if you are trying to save time that you should stick to comparing rates and quotes with all life insurance companies.
You can do this easily below using our instant life insurance quotes rate engine to compare rates with 50 of the top rated life insurance companies.
Here’s what you need to know.
Getting Life Insurance With/After Prostate Cancer
Although obtaining life insurance for cancer patients and cancer survivors is always a bit more tricky, it can certainly be done.
You can also achieve low rates for your life insurance depending on your situation and certain factors related to your prostate cancer.
Prostate cancer accounts for nearly 10% of all new diagnosed cancer cases in 2019 and impacts over 160,000 individuals yearly.
However, this does not mean that obtaining life insurance is impossible or even that you must pay rates outside of your budget.
In fact many cancer survivors can obtain life insurance at decent rates with some careful preparation.
Following some simple steps and guidelines can help you towards an approval for life insurance with or after prostate cancer.
At Good Life Protection we take pride in providing you with the information necessary to make that happen.
We also take pride in finding individuals affordable high risk life insurance.
Follow the guide to obtaining life insurance after prostate cancer to dramatically change your outcome and chances of approval.
Prostate Cancer and Life Insurance and The Statistics
As noted previously, prostate cancer is currently accounting for nearly 10% of all newly diagnosed cancer cases per year in 2019.
9.6% to be exact and over 164,960 new diagnosed cases so far in 2019.
29,430 deaths have come from these diagnosed cases which accounts for nearly 4.8% of all cancer deaths for 2018.
However, the big key is that 98.2% is the survival rate for at least 5 years and that’s a big factor life insurance companies look at.
They want to know your overall risk factor and the possibility they may have to pay a death claim.
Factors That Impact Prostate Cancer and Your Life Insurance
The prostate is a gland in the male reproductive system.
It’s located just below the bladder.
The most common issues men see with prostate issues or prostate cancers is usually ability to urinate or empty the bladder and sexual dysfunction.
This does not necessarily mean you have prostate cancer and it could simply be BPH or benign prostate hyperplasia which is simply just the prostate becoming larger and sometimes requires surgery to correct.
Prostate cancer does however rank #2 for the most common cancer for men and 1 in 5 will be diagnosed with prostate cancer at some point throughout life, usually much later in life.
Typically if it happened just recently, life insurance after prostate cancer can also be pretty tricky.
Other Risk Factors With Prostate Cancer
- Family History of Prostate Cancer
- Vitamin E
- Folic Acid
Here are the top ways to avoid prostate cancer or at least reduce the risk of developing it.
- Eat and maintain a low-fat diet
- Consume more fat from plants than animals
- Eat more fruits and vegetables
- Reduce Dairy products from your diet
- Exercise Often
- Perform checks with your physician at scheduled intervals
Getting Life Insuranec After Prostate Surgery
Again, prostate cancer is extremely common in men and roughly only 1 out 10 who are diagnosed with it ultimately meet their maker due to the prostate cancer.
This definitely can have some impact on your life insurance after prostate cancer.
Certain factors will matter greatly however when it comes to your life insurance application after having prostate cancer.
Prostate cancer begins becoming more likely as you age. It’s also less dangerous the older you are, and life insurance carriers are aware of this statistic.
If you have already completed a surgery for your prostate cancer and you are currently applying for life insurance, your chances look much better for being approved.
Under 40 and Diagnosed with Prostate Cancer Trying to Obtain Life Insurance
It’s extremely uncommon for someone under the age of 40 to be diagnosed with prostate cancer but unfortunately if you fall into this group, obtaining life insurance will be more difficult because it’s much more likely the cancer has had time to spread and at a more rapid pace.
If you are over 50 however, you have great chances of obtaining life insurance at affordable rates.
If you fall into this category, the agent and the life insurance underwriting is going to have some questions for you related to the prostate cancer.
- What was your age at the diagnosis of the prostate cancer?
- Which of the following treatments did you undergo? Prostatectomy, Brachytherapy, radiation?
- What was the stage and grade of the prostate cancer?
- Before the Prostate Cancer, what was your PSA level? What is your PSA level now?
- What Is your current Gleason score?
- Any Family History of Prostate of Cancer?
- Any other Health Concerns outside of the Cancer?
- Currently a Tobacco User?
- Are you following doctors guidelines?
How Gleason Score Impact Life Insurance With Prostate Cancer
Life insurance after prostate cancer will have a lot do with your Gleason score.
Your current Gleason score is a primary question and critical piece of the puzzle when applying for life insurance after prostate cancer.
Preferably, this score needs to be under a 6 but doesn’t absolutely have to be.
You may just have to pay higher premiums if you are closer or above a 7.0 for your Gleason score.
The good news is that if your assessed additional premiums, it will typically fall off and your premiums will get cheaper later in the policy.
Typically, in 1-5 years once the cancer has been gone and your state has improved and stabilized over a few years.
PSA Levels Impact Life Insurance As Well
Obtaining life insurance after prostate cancer also has a lot to do with your current PSA level.
This is a common term anyone who has had prostate cancer will be familiar with.
Your PSA should typically be under 4.0 for anyone not having an ongoing cancer scare related to the prostate.
However, these numbers typically elevate and are a way life insurance carriers and physicians can address the stage and grade of the cancer. Undetectable is ideal but it does NOT have to be.
If you do however, remove the prostate as a treatment, your PSA should never be above .02.
After treatment is complete you ideally want to be under .01. You can read more about life insurance with an elevated PSA.
If this is not where you currently land, you still have options such as Guaranteed Issue Life Insurance, especially if you are between the ages of 50-85.
What Stages of Prostate Cancer will be Approved for Life Insurance?
The sooner you catch the prostate cancer, the better. This will hold true when applying for life insurance as well.
Typically, the life insurance will look at what stage or grade your prostate cancer was at when deciding if they will approve your life insurance application.
Here’s a quick guide to your chances at an approval after prostate cancer.
- Stage 1- Approved and Likely at Great Rates
- Stage 2- Approved and Still Great Rates
- Stage 3- Approved but more Legwork and Information Needed- More Challenging
- Stage 4- Declined- See Guaranteed Issue Options
- Stage 5- Declined- See Guaranteed Issue Options
Waiting Periods For Prostate Cancer and Life Insurance
Waiting before throwing out life insurance applications is also a key tip.
Typically, regardless of the treatment method you underwent for your cancer, the life insurance company will want a minimum of 1 year to be passed before approving a life insurance application.
This is because they need to verify the treatment is working and look at all the factors we discussed such as what is your current PSA level and Gleason score, and did any other complications arise following the cancer?
Term Life Insurance And Prostate Cancer
People are often curious about obtaining term life insurance with prostate cancer or obtaining term life insurance after prostate cancer or prostate cancer surgery.
Term life insurance that is fully underwritten will certainly be the most difficult to get approved. Your best bet for life insurance after prostate cancer is to begin with something such as guaranteed issue life insurance or even accidental death life insurance after prostate cancer.
The good news is that term life insurance after prostate cancer will certainly be possible in a few years after the waiting period but immediately following your prostate surgery will be a tough time to get approved for life insurance after prostate cancer.
Below are other key factors that not only impact your rates and approval chances with prostate cancer but can impact ALL life insurance applications.
Your prostate cancer questions we discussed previously will be asked but that will not be the end of the background questioning.
Here are the top other questions the life insurance agent and company will have for you and if they don’t ask these, you should choose a different life insurance agent or company to work with because they greatly impact your ability to get approved for coverage.
Life Insurance Application Questions With Prostate Cancer
- Are you currently a smoker?
- Any family history of other cancers, heart attacks, strokes where someone passed away prior to age 60?
- Any other medications?
- What are those medications for?
- Any DUI’s or multiple driving violations in the last 5 years?
- Have you ever been declined life insurance?
- Any kidney or liver issues or complications
- Your current height and weight
Life Insurance After and With Prostate Cancer is Possible
We get you may be hesitant to apply for life insurance after prostate cancer. Don’t be
First and foremost, work with an independent agency and life insurance agent ONLY.
Other agents or CAPTIVE life insurance agents will not have the tools to help you.
You see…. It’s important to have the ability to pivot carriers, shop all rates for all top companies and for an agent to know the underwriting guidelines of how to effectively handle your life insurance application after prostate cancer.
You don’t want to be stuck with only 1 option or risk getting declined coverage. Your family depends on it so choose who you allow to represent you wisely.
At Good Life Protection, we have helped 100’s achieve great rates after being diagnosed with Prostate cancer.
Have any related stories or comments? We would love to hear and would to help.
Drop a comment below or fill out our instant quote form to see the possible rates you may achieve with prostate cancer.
FILED UNDER – CANCER