by mmthm » Tue Jul 27, 2010 01:55 am
Is it possible to get insured after being diagnosed with cancer? In this case the person is 45, in very good health otherwise (low blood pressure, low blood sugar, low weight, etc..). Also caught early stage.
Would it help to get a term policy that is relatively short (10, 5, or > 5 years)?
Would it also help if the amount was relative small (eg. $250k)?
What i'm asking for is regular term (with possibly shorter terms/amounts), but i'm not interested in these high-risk policies that don't really pay out any more than premiums for the first couple of years.
If this is possible, does anyone have a recommendation for a particular broker that has successful experience with this type of scenario?
Thank you.
Would it help to get a term policy that is relatively short (10, 5, or > 5 years)?
Would it also help if the amount was relative small (eg. $250k)?
What i'm asking for is regular term (with possibly shorter terms/amounts), but i'm not interested in these high-risk policies that don't really pay out any more than premiums for the first couple of years.
If this is possible, does anyone have a recommendation for a particular broker that has successful experience with this type of scenario?
Thank you.
Posted: Tue Jul 27, 2010 03:31 am Post Subject:
There's a lot of things to consider in terms of getting approved. Like, type of Cancer, recovery, recent follow ups with doctor.
A term product, maybe, likely heavily rated.
The type of policy you stated no wanting is usually referred to as graded guaranteed issue. May be the only option. Keep in mind that simply applying and getting declined hurts the chances of an approval else where.
Shortening the term period isn't likely to prove any positive results.
Add your comment