Prostate (enlarged) and Life Insurance.

Life Insurance Enlarged Prostate.

When deciding on what carrier o choose it is important to consider you options. Some carriers are better equipped at underwriting this condition than others. So how do you find the best life insurance companies that look the most favorably on an enlarged prostate? Three important questions you need to ask are:

  1. Can I get life insurance with an enlarged prostate?
  2. What will it cost?
  3. What is the process?

Let’s begin with a brief overview.

The prostate gland helps make semen. The gland grows larger with age. It the prostate gland grows too large, problems can occur. The older you get the more likely you are to have prostate trouble.

Can I get life insurance?

The short answer is, YES.

The life insurance carrier will want to know:

  • when you were first diagnosed,
  • what (if any) medications you take,
  • what is your prostate specific antigen (PSA) level, and
  • if you have been hospitalized for this condition.

What is the cost?

Life insurance companies have about 16 different rate classes. What rate class you qualify for and the type of life insurance policy you choose will determine your cost.

The main thing a life insurance underwriter will look at is your PSA level. The higher the PSA level, the higher the likelihood of prostate cancer.

If your PSA level is 4 or lower, then you will qualify for a preferred plus rate class, assuming no other health issues.

However, older men can have a higher PSA level and still qualify for a preferred rate class. A PSA under 5.5 for a 60 year old male may still qualify for the best rate.

Similarly, a 70 year old man with a PSA under 7 can also qualify for the best rate class. Once again, assuming no other health issues.

Some of the best senior life insurance companies are a great option for older clients dealing with an enlarged prostate. For those battling a more serious condition, such as prostate cancer, burial insurance from one of the best final expense or burial insurance companies might be your only option.

Prostate Cancer

If you had prostate cancer then the underwriter will be concerned about what you Gleason score and PSA were prior to a prostatectomy. This information will be used in addition to your age and time since treatment ended. Lower stages of cancer with a low Gleason score will allow clients to get high risk life insurance as soon as treatment has concluded. You can even receive a standard rate 5 years after a prostatectomy and 10 years after radiation treatment.

What is the process?

For some, a no medical exam policy might be the answer. However, for most people dealing with an enlarged prostate, a fully underwritten policy will be best.

A fully underwritten life insurance policy requires a life insurance medical exam. The examiner typically comes to your home and checks your height and weight and takes a small blood and urine sample. Your lab results are then processed. The carrier will request physician statements and look into your medical records. The carrier will also do a prescription database check to see what medications you are currently taking and have taken in the past. An underwriter will then assess your “risk” level and give you a rate class assigned to your specific risk. Your assigned agent at TermLife2Go will then follow up with you and let you know of your approval.

The entire process is handled by us so you can just sit back and wait for the life insurance carrier to complete your file. Speaking of life insurance carriers, not all life insurance carriers are the same!

Not all life insurance carriers are the same

The life insurance industry is just like every other industry out there.  Competition is constantly driving insurance carriers to compete for your business.  As a result, carriers take on “niches” in an effort to earn market share. It is important to know these niches and it is important the agency you chose has the freedom to choose from multiple life insurance carriers. As a consumer, it is in your best interest to work with an agency that is not bound to any one carrier and will be able to shop your application to dozens of different companies available.  Only by doing this can you insure that you are getting the best policy tailored to your specific needs.