[Tweet “Stage 0 Colorectal cancer patients could possibly get a standard or better rating from most life insurance companies.”]
Life Insurance For a Colorectal Cancer Survivor
Term life insurance for a Colorectal cancer survivors is an option if you can pass underwriting. Term life insurance is the most affordable life insurance option, but it also does not last forever. Term life insurance will only cover you for a certain length of time, for example, 10, 20, or 30 years.
Budget permitting, permanent insurance is the best policy for any colon cancer survivor. A permanent policy offers rates that remain level throughout the life of the policy and you will have full death benefits for life.
With a permanent life insurance policy monthly premium payments build up cash value, which can be used for many different things. It also allows you to withdraw and spend a portion of the death benefit if you become terminally ill. Permanent insurance policies never expire, no matter what your health status or age.
Life Insurance For a Colon Cancer Patient
Graded Death Benefit (Guaranteed Issue)
Can I get life insurance if I currently have colon cancer?
This is a very common question. It can be done. What you will run into are limited options.
We work with a life insurance company that is willing to offer a graded death benefit life insurance policy for individuals with cancer with payouts of up to $25,000. It’s available only for individuals ages 50 to 80 years old.
A graded plan will not pay full death benefits until after the second year in the policy. It will return back premiums paid in, plus interest if the insured does not live past the two-year waiting period.
So if you are a current Colorectal cancer patient or you are undergoing treatment currently your only option is a graded death benefit policy.
By completing the enclosed questionnaire, we can be your advocate; we can extensively search, identify and present life insurance policies that may suit your individual needs.
That information allows us to present you with the options you want – and the choices you and your family deserve – when it comes to selecting the right life insurance policy.