Cervical Cancer Survivors
I’m a cervical cancer survivor and in remission. I’m interested in learning about life insurance. What are my options?
Cervical Cancer survivors could have life insurance options available to them. Depending upon your individual health status, you may be able to secure a fully underwritten life insurance policy. This type of policy offers extensive coverage and pricing options. However, you must be able to prove to insurance underwriters that you’re a good risk and that you are now in good health.
Term Insurance and Permanent Insurance.
If you are eligible to buy Term life insurance after having had cervical cancer, it is crucial to secure the lengthiest term available. These rates apply for a specific number of years (10, 20 or 30), making them the cheapest type of life insurance because of the limits involving how long coverage will last.
On the other hand, Permanent life insurance is ideal if you have a history of cervical cancer. The rates are permanent (hence the name), and provide full death benefits for the rest of your life. The premium payments you make will increase the cash value of the policy, which you may use if you find yourself in a situation where you need extra cash or become terminally ill.
How do I qualify for a fully underwritten policy?
You will have to submit an application to the carrier and go through the medical exam process in order to know if you qualify for a fully underwritten policy. The underwriting decision could takes months to decide whether to accept your application, depending on how long it takes to gather all your medical records. Their decision is based upon your health history and answers you give on questionnaires, results form doctor records and medical exams.