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Life Insurance with Cancer : Can I Get Approved for a Policy?

Transcript:

In this video, I’m going to answer the question about, “If you have
cancer what type of life insurance can you get?” Specifically, I
received the question that I am going to read to you that says, “A
month ago my mother found out she was diagnosed with pancreatic
cancer. She had it for nine months and it showed no symptoms. She’s
looking to have a policy for funeral bills. Is there a life insurance
company that would provide a policy for her?” The answer is that
most traditional life insurance companies will not approve you for a
policy, however there are insurance companies that offer what’s
called instant issue life insurance or guaranteed issue life
insurance that anybody can get approved for. Typically you can get a
policy anywhere from $2,000 to $50,000, no questions asked, you can
get approved. The condition that you get approved under is that
typically there is a 2 or 3 year waiting period, where if you die
within the first let’s say 2 years, your family would get back all
the premiums, all the payments that you made, plus some interest if
you out live that initial period. You will have the full death
benefit.

So, lets say you hopefully live for more than two years, you’d have
the full death benefit. Typically, you can get a policy anywhere from
$2,000 up to $50,000 and that will provide for final expenses like
burial expenses. There are policies out there that anybody can get
approved for. They are typically considered guaranteed issue or
instant issue rated death benefit policy and graded means there’s
that waiting period. If you’re looking for an insurance quote any
type of quote you can fill out my quote form visit my website and
fill out the quote form and we can help you get a life insurance
quote. Thank you.

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Liran Hirschkorn

Liran Hirschkorn is the founder of Chooseterm.com. His mission is to help individuals across the country in finding the best rates on life insurance as well as helping individuals with high risk life insurance.

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