The good news is that kidney cancer is often detected in the early stages (stages 0 or stage 1). This makes treating kidney cancer much easier than if it were to progress to the later stages. Statistics infer that the earlier the kidney cancer is discovered the greater the probability of survival is, which helps your chances of getting favorable life insurance rates.
What Are my Options if I Get Declined For Life Insurance With Kidney Cancer?
If you get declined for life insurance with kidney cancer, there are alternative options for coverage. Don’t get to upset. Again, qualifying for life insurance after kidney cancer can be tough.
In some instances, you may be postponed. The life insurance company will want to see more time pass to be certain that your kidney cancer does not return. If your health situation is favorable in the future, you can always apply again. Regardless of whether you were postponed or declined for life insurance after kidney cancer, these alternative solutions can offer you some coverage in the meantime while you wait to reapply.
Your first option would be to purchase an accidental death insurance policy. Accidental deaths are among the top 5 causes of life insurance claims, especially for younger people.
Accidental death insurance protects your family from accidental deaths due to trauma or bodily injury. While accidental death insurance does not pay out a death benefit for medically-related deaths, it does protect your family from catastrophic deaths, such as a car accident.
Your second option would be to purchase a final expense life insurance policy. These life insurance policies are designed as a simplified issue, which means limited no-exam underwriting. They are whole life policies with death benefits that range from $5,000-$25,000; in some cases, up to $40,000 of coverage.
Even if your kidney cancer is so serious that you cannot qualify for simplified issue life insurance, there are guaranteed issue life insurance policies available that will issue you a life insurance policy regardless of the state of your health. Instead of medical underwriting, the life insurance company will issue the the policy with a modified death benefit in the first 24 months. Simply put, no matter how serious your kidney cancer was, guaranteed issue life insurance coverage will not decline you for coverage.
The Final Word
Don’t give up on applying for life insurance. Just because qualifying for life insurance after kidney cancer can be tough, doesn’t make it impossible.
Life insurance after kidney cancer can be complicated. Approvals for life insurance after kidney cancer will depend on multiple factors, such as the severity of the kidney cancer, the length of time that you have been free from cancer, etc. This is an area where you need to work with a knowledgeable life insurance agent who understands the nuances of underwriting kidney cancer.
Our agency has helped individuals just like you secure affordable life insurance coverage with a history of cancer. Our veteran life insurance agents ask the detailed questions that the life insurance companies want to know and will compare the rates of multiple life insurance companies in order to get you the best deal. Even if you have been declined for life insurance before, give our agency a chance to get you covered!
If you are looking for affordable life insurance after kidney cancer, do not hesitate. Please give our agency a call or fill out a quote request today.
Drop a comment below. Have you had trouble qualifying for life insurance after kidney cancer? We would to hear from you!
American Cancer Society – KidneyCancer.org – Medlineplus