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Leukemia cancer survivors may be able to get two types of life insurance. Remember the underwriting will be difficult, but we have years of experience and a track record unmatched of working with cancer survivors.
Term Life Insurance
Term life insurance for a leukemia cancer survivors is an option if you can qualify per the the underwriting guidelines. 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 temporary length of time, for example, 10 years, 20 years, or 30 years.
Permanent Life Insurance
Budget permitting, permanent insurance is the best policy for any leukemia cancer survivor. A permanent life insurance policy offers rates that are 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 withdrawal 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.
Graded Death Benefit (Guaranteed Issue)
If you currently have leukemia and want life insurance you only have one option? A guaranteed issue policy. This is a type of policy that asks no medical questions and requires no medical exam.
You can learn more about our guaranteed issue life insurance carriers and guidelines here.
So if you are a current leukemia cancer patient and you are undergoing treatment currently your only option is a this type of policy.
Help from Local Life Agents
Local Life Agents counsels every current and potential client, including those who have (or have recovered from) leukemia.
Your completion and submission of the enclosed questionnaire will enable our professionals to comprehensively find, analyze and offer life insurance policies that best reflect your needs and budget.
We present you with options, so you can make the right decision – with all the relevant facts at your disposal – when you purchase life insurance.
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