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Types of Life Insurance Available for Testicular Cancer Survivors
Term Life Insurance
Term life insurance for a testicular cancer survivors is an option if you can pass underwriting. You will have to qualify for a term policy based on the underwriting guidelines of each life insurance company. 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.
Permanent Life Insurance
Budget permitting, permanent insurance is the best policy for any testicular cancer survivor. A permanent 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.
Types of Life Insurance Available for Testicular Cancer Patients
Graded Death Benefit (Guaranteed Issue)
Can I get life insurance if I currently have testicular cancer?
If you currently have testicular cancer and don’t want to wait until treatment is over to get life insurance then you can alway qualify for a graded benefit plan. It will give you limited options, but it is a guaranteed issue option.
We work with a life insurance company who 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 testicular cancer patient or you are undergoing treatment currently your only option is a graded death benefit policy.
Get Testicular Cancer Life Insurance Quotes From Local Life Agents
Local Life Agents counsels every current and potential client, including those who have (or have recovered from) testicular cancer.
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.
Get a Quote
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