Skin Cancer Life Insurance
Skin Cancer Life Insurance
According to the Centers for Disease Control and Prevention, skin cancer is the most common type of cancer in the US and is responsible for over 15,000 deaths each year. Finding affordable life insurance with skin cancer can be complicated. However, the experts at The Hinerman Group can help you find a policy to fit your needs, regardless of your circumstances.
Application Process for Skin Cancer Life Insurance
When insuring individuals with a history of skin cancer, underwriters will ask several questions to determine the risks you pose. These questions may include the following:
- Have you received full treatment?
- Are you following your doctor’s orders?
- When was the date of initial diagnosis?
- Which type of skin cancer do/did you have?
- What was the stage and depth of the cancer?
- Are you doing regular checkups with your dermatologist?
In addition, underwriters will also ask about your overall health, family medical history, driving records, alcohol use, and other factors. If your skin cancer was malignant melanoma, the underwriter will also contact your physician to confirm the stage, type, and criteria.
Skin Cancer Life Insurance Tip:
What we know about stage 3 and 4 melanoma is that it has migrated from the original location on the skin to metastasize to lymph nodes (stage 3) or organs (stage 4). You can’t get approved for melanoma life insurance with stage 3 or 4. What we know about stage 0 (encapsulated or insitu) and stage 1 (small, localized) is that upon excision you can usually be approved for life insurance at standard or better rates within a few months after the procedure. We leave a bit of a gray area with stage 2. It hasn’t migrated and usually the swing issue for skin cancer life insurance is the grade or the depth of the lesion. The deeper it is the higher the rate or likelihood of a decline.
Life Insurance By Type of Skin Cancer
Many insurers consider certain types of skin cancer to be riskier than others. We’ll go over a few of these types and how each of them can impact your rate class.
- Basal Cell Carcinoma is the most common form of non-melanoma skin cancer. Individuals with this type are readily insurable at the best rate classes as soon as their treatment is complete.
- Squamous Cell Carcinoma is a non-melanoma skin cancer. Individuals with this cancer can usually obtain policies at preferred best rates.
- Dysplastic Nevi are atypical moles that may resemble melanoma. Individuals with dysplastic nevi are at a higher risk of developing melanoma and can often obtain preferred rates. However, most insurers require less than 4-6 dysplastic nevi in order to consider you for these rates.
- Actinic Keratosis is a precancerous condition that could develop into skin cancer if left untreated. Once you receive treatment, underwriting follows the same rules as basal cell carcinoma or squamous cell carcinoma.
Find Affordable Skin Cancer Life Insurance
The Hinerman Group has been very successful in finding affordable rates for individuals with different types of skin cancer. Reach out and let us help you find the best life insurance policy to fit your needs.
More Questions? Check Out Our Blog!
The Hinerman Group knows that every situation is unique and it can be difficult finding the best answers. Be sure to check out our blog where you will find a comprehensive bank of topics covered regarding Life Insurance. The background covered in The Hinerman Group blog will point you in the right direction and help you get your family the coverage you need.
Want to talk? Call Ed directly at (719) 539-7914 for a FREE CONSULTATION. *Ed released the fish and it went on to have a full life.