Prostate Cancer Survivors Life Insurance
If you’ve had prostate cancer in the past, or currently have active localized prostate cancer, let us help you find life insurance from top quality life insurance companies. Our prostate cancer underwriting knowledge and expertise is based on years of experience specializing in high risk life insurance.
Prostate Cancer Life Insurance Underwriting Overview
You may think that life insurance is not possible, but the reality is that most men are insurable soon after treatment, and in some cases life insurance is available before you’ve had treatment when it’s active localized prostate cancer.
Did you know that there are life insurance companies that specialize in underwriting depending on the type of treatment you receive?
It’s true. Some companies are more aggressive with cancer surgery histories while others are more aggressive with radiation treatment such as proton treatment or brachytherapy. If you are currently in active surveillance for prostate cancer, we have a handful of companies that are willing to consider coverage for you.
Prostate Cancer Life Insurance Facts
Many times, the first indication that something is wrong comes from a routine prostate check where your doctor may indicate that your prostate is enlarged, or when your lab tests return and your psa is elevated. Sometimes that first indication of an elevated psa comes from the life insurance paramed exam results.
Prostate cancer is the most common cancer diagnosed for men after skin cancer. The availability and price for life insurance depends on a number of factors including:
- Age – Diagnosis after age 60 offers the most favorable underwriting possibilities, although recent improvements to life insurance underwriting has opened up opportunities to men in their 40’s and 50’s.
- PSA Level – Pre-treatment and Post-treatment PSA levels are needed. Life insurance companies look for PSA levels less than 20 at time of diagnosis. If your PSA level was less than 10 at time of diagnosis, we have some programs that may consider an even more competitive rate.
- Prostate Cancer Stage – Stage 1 and Stage 2 cancers receive the most favorable underwriting. Coverage for Stage 3a is available after a postpone period. For advanced prostate cancers, guaranteed issue life insurance is the only option.
- Gleason Score – The gleason score measures the aggressiveness of the cancer. Gleason Scores of 6 or less are the most ideal. Gleason scores of 7 may include a flat extra expense depending on the length of time since completion of treatment. It is very difficult to obtain life insurance for a Gleason Score of 8 or greater, with long postpone periods of 5 years or greater after the completion of treatment and many times, guaranteed issue life insurance being the only option available.
- Prostate Cancer Treatment – The type of cancer treatment you received is a major factor in determining the availability and pricing of life insurance. Life insurance underwriters are more aggressive with offers when treatment was a radical prostatectomy. If radiation was the treatment method, there may be a longer postpone period before coverage is available.
How Your Type of Prostate Cancer Treatment Affects Life Insurance Underwriting
Most life insurance companies postpone offering coverage for a period of time after completion of treatment. While each case is uniquely different, the general rules for Stage T1a through T2b are as follows:
Coverage may be available as soon as 3-12 months after your surgery assuming that the staging on the post surgical pathology report (not the biopsy report) was a T1a through T2b, and that the surgical margins were negative. If the margins are positive, the postpone period will most likely be 12 months and may be greater depending on the other factors.
When treatment received is radiation by brachytherapy or external beam radiation such as IMRT, 3D-CRT, SBRT, proton beam, etc., the postpone period will typically be 12 months or longer from the completion date of treatment.
Insurance companies are looking for psa levels of 0.2 or less after you complete treatment. If your psa begins to elevate after completion of radiation treatment, there needs to be a definitive follow-up that rules out a recurrence of prostate cancer.
Watch and Wait/Active Surveillance
If you are currently in a watch and wait plan, your options for life insurance are limited.
If you are between the ages of 60-70, there are a handful of companies available that may consider coverage depending on your active surveillance history and stability of your psa history.
If you are age 70 or older, most companies that specialize in prostate underwriting will consider coverage for stage 1 and stage 2 prostate cancers.
If you are under age 60, there is 1 company available that may consider coverage. It’s called the Bluemetric life insurance program through Symetra Life Insurance Company….quite frankly, we’ve been less than impressed with this program. For 98% of the prostate cancer cases we see, we have better options available, but every now and then, this is the only program available.
For advanced prostate cancer, we may have some guaranteed issue types of policies available depending on your age and state of residence.
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How Do We Know What We Know About Prostate Cancer Life Insurance?
My name is Michael J. Horbal. I learned the high risk life insurance business as a regional manager for the largest high risk life insurance distributor in the United States. I worked on thousands of cases, helping agents nationwide with their high risk life insurance cases, many being prostate cancer histories.
Recognizing the need for consumers to have an accurate resource for high risk life insurance information, I started this company to help you find affordable life insurance rates based on your prostate cancer history.
Keep in mind that there is never any pressure or obligation with our life insurance service. We’ll provide you with the information you need in order to make an informed decision about your life insurance.
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