Bladder Cancer and Life Insurance. Cheat Sheet.
The American Cancer Society estimates that nearly 75,000 new cases of bladder cancer will be diagnosed this year. Approximately, 15,580 of those who develop bladder cancer will die of their disease.
Over a half million bladder cancer survivors are living in the United States now. About 90 percent of those with bladder cancer are over 55 years of age, though the average age of diagnosis is 73.
Men are up to four times more likely to develop bladder cancer than women are. One in 26 men will develop bladder cancer in their lifetime, while only one in 90 women will be diagnosed with the disease. Approximately half of those diagnosed with bladder cancer will be diagnosed during the early stages. 35 percent of bladder cancer patients get an invasive cancer diagnosis while the remaining cases have cancer that has spread outside of the bladder.
If caught early, up to 98 percent of people diagnosed with bladder cancer will survive. Those with stage IV cancer have about a 15 percent chance of survival.
What is Bladder Cancer?
Bladder cancer begins in the bladder, where abnormal cells grow in mass to form cancer tumors. Most cancers begin in the lining of the bladder, though any part of the bladder is susceptible to cancer growth. Most cases do involve the elderly, but there are rare cases where young people develop bladder cancer.
Because bladder cancer can cause discomfort, most cases are detected and treated in the early stages. This type of cancer is highly treatable, but there is a high recurrence rate. Regular checkups are advised for anyone who has beaten bladder cancer.
One or more forms of chemotherapy may be used to treat bladder cancer, as is immunotherapy, and surgery to remove the tumor or part/all of the bladder. Radiation is rarely used to treat bladder cancer.
The type of bladder cancer will play a major role in qualifying. 90% of bladder cancer is transitional cell carcinoma.
The other 10% is less common are: squamous cell carcinoma, adenocarcinoma, small cell carcinoma, and sarcoma. Squamous cell carcinoma and adenocarcinomas have a poorer prognosis than transitional cell cancers and make it more difficult to get coverage.
Bladder cancer is graded by its severity and stage (the depth of invasion into the bladder wall) and rate of growth. Ta or Grade 1 tumors are highly treatable and carry a favorable diagnosis. Grade III or T3 and T4 stages are the most difficult to treat and carry a high risk of recurrence.
In order to secure life insurance for bladder cancer survivors, they must convince an insurance underwriter that they are a viable risk. The chances of getting certain types of policies are better after several years have passed since remission was accomplished. However, current or terminal cancer patients do have the ability to get life insurance. Learn about graded death benefit plans below.
Underwriters will ask you a series of questions to see if you meet their underwriting guidelines for an insurance policy.
These questions will need to be answered on the questionnaire below to see if you have a chance to qualify for life insurance with a history of bladder cancer.
Can I get Life Insurance after Bladder Cancer?
T2—without total cystectomy and T3, T4 or node positive will most likely get declined. So you will want to read about the graded plans below.
However if you had any other prognosis there is a chance you can get coverage anywhere from a standard rating to table 5 rating. You could also have a postpone. A flat extra could also be an option, for the first few year of the policy you pay an extra premium then go down to a standard rate for the remainder of the term.
If you qualify for term insurance after you have had bladder cancer, it’s best to lock in the term length for as long as possible. Rates are locked-in for a pre-determined length of time, common term lengths are 10, 20 and 30 years. Term life insurance is the most affordable policy option because there is a time limit for coverage. Remember once you get approved by a life insurance company and accept the policy they can never take it from you or raise the premium during the term period that you lock in.
Budget permitting, permanent life insurance is the best policy option. A permanent policy offers rates that are locked-in and you will have full death benefits for life. Monthly premium payments build up cash value, which can be used in emergencies or even worse a relapse in your condition. It also allows you to withdrawal and spend a portion of the death benefit if you become terminally ill. Permanent insurance policies never expire, no matter your health status or age.
For Current Bladder Cancer Patients
Life insurance for cancer patients can be difficult to find. If you’re currently in treatment for bladder cancer and are denied fully underwritten types of life insurance policies you can qualify for a Graded Death Benefit Policy with payouts of up to $25,000. It’s not much but it can pay for a funeral and other burial expenses.
Graded Death Policies
Graded Death Policies will not pay out the full death benefit until after a two-year waiting period has passed since the policy was issued. If the policyholder dies before the waiting period is up, the beneficiary will receive all premiums that were paid into the policy plus interest. Their is no underwriting on a Graded Death Policy so even with a history of bladder cancer you can still qualify for this type of policy.
Graded Death Benefit policies are specifically designed for individuals who have had cancer or other serious medical issues. They are also know as guaranteed issued life insurance policies. Policyholders must be at least 50 years old, in most states, to qualify for coverage with companies that offer these types of plans. Premium costs are based upon age and gender.
If you have a terminal cancer diagnosis or are currently undergoing treatment, a guaranteed issued life insurance policy is going to be your only option for life insurance.
Get a Quote Today
If you or someone you love has survived bladder cancer or is currently battling bladder cancer, you know how important life insurance can be. Children, spouses, and other dependents rely upon your income to survive. We can help you leave them with a better tomorrow!
If you want to see if you can qualify for coverage fill out our bladder cancer questionnaire below and we will have an agent contact you within 24-48 hours.
We will talk about your options, if you can qualify, and what the cost will be. Trust in us to get you the answers you need!