Prostate Cancer Survivors Life Insurance
Our goal is to help you find affordable life insurance whether you’ve had prostate cancer in the past or currently have prostate cancer.
Prostate Cancer Key Facts
Prostate cancer is the most common cancer among men after skin cancer. Approximately 180,000 new cases will be diagnosed this year. About 1 man in 7 will be diagnosed with prostate cancer during their lifetime.
The average age at time of diagnosis is age 66, and it is rare for men under age 40 to be diagnosed with prostate cancer. While most men do not die from prostate cancer, it does affect the availability and pricing of life insurance.
Prostate Cancer Underwriting Overview
Life insurance underwriters look for the following information
- Age – Your age at time of diagnosis.
- PSA levels – Before and after treatment.
- Prostate Cancer Stage – As indicated on the post surgical pathology report or biopsy report.
- Gleason Score – What was your Gleason Score?
- Prostate Cancer Treatment Received – Surgery, Radiation, Both, Active Surveillance, Watch and Wait.
See below for actual prostate cancer case histories that may be helpful to you when considering your own situation.
How Underwriters View Your Prostate Cancer History
Important to know is that only a handful of life insurance companies are competitive with prostate cancer underwriting. Furthermore, most of these companies are only competitive for very specific medical scenarios.
The point being that your unique medical history will determine which companies are best for you. If you’ve been declined in the past, let us know as most likely the wrong company was used.
How Your Type of Prostate Cancer Treatment Affects Life Insurance Underwriting
If you’re looking for life insurance after prostate cancer, our updated prostate cancer guidelines make it easier for you to understand how your treatment affects the availability and timing of life insurance.
Radical Prostatectomy Underwriting
Radical prostatectomy histories receive the most aggressive offers from underwriting. A radical prostatectomy is an operation to remove the prostate gland and some of the tissue around it.
Typically, and elevated PSA level followed by PSA monitoring and a prostate biopsy will provide a prostate cancer diagnosis. The biopsy report provides an estimated cancer stage and estimated Gleason score.
Once the radical prostatectomy has been completed, the pathologist will determine the final prostate cancer staging, Gleason score and will determine if surgical margins were positive or negative.
PSA levels after surgery should be zero or close to it and should not rise.
Life insurance may be available 3-12 months after a radical prostatectomy. It may be possible to obtain standard or standard plus rates. In limited cases, a preferred rate is available.
Radiation requires longer postpone periods after treatment than a radical. The reason why is that underwriters need to see proof that radiation treatment has worked for you.
Most radiation treatments including brachytherapy or external beam radiation such as IMRT, 3D-CRT, SBRT, proton beam, require 12 month postpone periods or longer.
Your PSA level needs to decrease over time, and PSA levels should be stable for about 12 months. It’s important for you to have all PSA level readings from the time treatment started until now.
If your PSA level has increased by 0.2 ng/ml or greater since its lowest reading, most underwriters will consider this as a recurrence. Life insurance is difficult to obtain after a recurrence.
Watch and Wait/Active Surveillance
If you’ve been diagnosed with prostate cancer and your treatment plan is active surveillance/watch and wait, life insurance is very tricky.
We have definitely noticed an increase in the number of younger insureds opting for active surveillance. With that being said, the availability of life insurance companies is very limited.
Under Age 50 – life insurance is generally not available. The one company that specialized in this age group left the market in early 2016.
Age 50 – 65 – life insurance may be available if your PSA level has been stable for 2-3 years and is 10 or less. Your Gleason score needs to be 6 or less.
Age 65+ – Low stage 1 – 2b prostate cancers with Gleason scores of 6 or less, PSA levels of 10 or less and stable are insurable with a number of companies.
The key with active surveillance/watch and wait is to have frequent follow-ups and stable PSA levels.
Insureds age 65 and older may be able to obtain standard rates, while younger insureds will have additional expenses called table ratings and/or flat extras added to the price of the policy.
Prostate Cancer Underwriting Conclusion
Regardless of the type of treatment you choose, we may have life insurance options for you. It is important that you have complete details and the entire PSA level history in order for us to effectively shop for life insurance for you.
When we receive your information, we’ll discuss with you first and will then reach out to companies for feedback. Once that feedback is received, we’ll let you know what each company has to say in terms of underwriting and price.
Prostate Cancer Reference Material and Sources Used:
- American Cancer Society – Key statistics for prostate cancer
- Underwriting: What Every Producer Must Know – by Hank George, FALU, CLU, FLMI
- WebMD – Radical Prostectomy information
- The Academy of Life Underwriting – Intermediate Life Insurance Underwriting textbook – Chapter 3 Prostate Cancer
- John Hancock Life Insurance Company – Agent and Broker Companion Guide – Your guide to underwriting impairments.
- Prudential Life Insurance Company – Rx for Success for prostate disorders, prostate cancer, prostate specific antigens, including but not limited to #0191079, #0192164, #0277877
- LifeInsuranceAdvisors.com prostate cancer case studies from 1998 – 2016.
GenRe – Risk Matters – Prostate Cancer
Recent Prostate Cancer Life Insurance Articles from LifeInsuranceAdvisors.com
How Do We Know What We Know About Prostate Cancer Life Insurance?
My name is Michael J. Horbal. I learned prostate cancer underwriting working for the largest high risk life insurance distributor in the U.S. I worked on thousands of cases, helping agents nationwide with their clients 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.
Please call us at Toll Free (800) 909-2040