Any time you find yourself applying for a traditional term life insurance or whole life insurance policy with a pre-existing medical condition like kidney or renal cancer, you can pretty much assume that your life insurance application is going to be a whole lot more complicated than someone’s who hasn’t been diagnosed with kidney cancer.
But so, what!
Here at TermLife2Go, we love complicated things! It’s why we spend an enormous amount of time studying different insurance companies underwriting guidelines and developing relationships with companies that we feel will give our clients the best opportunity for success.
Now is everyone that’s been diagnosed with kidney cancer going to be able to qualify for a traditional term or whole life insurance policy?
No, they’re not. There will be some folks who have been diagnosed with renal cancer who simply won’t be eligible for a traditional term or whole life insurance policy.
But that doesn’t…
Mean that they won’t be able to qualify for “any” type of life insurance, it just means that they’ll need to consider “alternative” life insurance policies if they wish to purchase some coverage in order to protect their loved ones.
But before we get into..
All of that, let’s first focus on those who have been diagnosed with kidney cancer and may very well be eligible for a traditional term or whole life insurance policy. To do this, we generally like to start from the beginning and define what we mean by kidney cancer.
What is kidney cancer?
Now since we’re not medical professionals and we’re certainly not doctors, we’re going to keep our definition really basic. So, for us, kidney cancer is when someone develops cancer in their kidneys!
It’s more than just that. Sometimes the cancer will spread to other parts of your body, which is why it’s important to understand that kidney cancer will usually be categorized into five stages.
Will play a significant role in determining what “type” of life insurance you will be able to qualify for and what “rate” you may be eligible for as well.
These “types” will also play a role in “when” you may begin to be eligible for coverage as well which is why we want to take a moment and describe the different categories here below.
Stage Zero and Stage One Kidney Cancer.
Individuals who discover their cancer at these stages will have a tumor that is only 7 cm across or smaller that is complexly contained within the kidney itself. Neither stage will show any sign of metastasis, and are usually the “easiest” type of kidney cancer to treat.
Qualifying for Life Insurance with Stage Zero or One Kidney cancer.
Individuals who have beaten their stage zero or stage one kidney cancer and are currently in remission will become eligible for a traditional term or whole life insurance policy once they are considered “cancer free” for a minimum of 1 to 2 years from their last date of treatment.
Once “eligible”, these applicants will be “potentially” be able to qualify for Standard or Normal rate provided they would otherwise be eligible.
Stage Two Kidney Cancer.
Stage two kidney cancer is defined as a kidney tumor larger than 7 cm across. It too will be contained within the kidney and will not show any sign of having spread into the adjacent lymph nodes.
Qualifying for Life Insurance with Stage Two Kidney cancer.
Individuals who have beaten their stage two kidney cancer will also become eligible for a traditional term or whole life insurance policy, however in cases like these, the applicant will typically need to wait a minimum of 5 years before applying for coverage.
After 5 years…
If eligible, most stage two kidney cancer survivors will only be able to qualify for at Table Rating at best. The good news is that after being “cancer free” for 10 years, it is possible for these same applicants to be able to qualify for a “better” rate if they remain in good health.
Table rates are life insurance rates that fall below a Standard or Normal rate. In all, there are 10 Table rates available ranging from Table A (the best and least expensive rate) to Table J (the worst or most expensive table rate).
The trick for anyone…
That has been diagnosed with stage two kidney cancer is to determine which insurance companies will provide you with the best “Table Rate” and then compare prices amongst just those carriers to see which one has the best pricing (which is exactly what we do here at TermLife2Go).
Stage Three and Stage Four Kidney Cancer.
Unlike stage zero, one and two kidney cancers, in stage three and four the kidney cancer is no longer contained within the kidney itself. The defining feature for stage three is that the cancer can be located anywhere outside the kidney but has not spread beyond the Gerot’s Fasica. Stage four is characterized by cancer growth into the Gerota’s facia.
Now at this point…
We like to point out the obvious which is that we’re not medical professionals and we’re certainly not doctors. So please forgive us for providing this very rudimentary description of a very complex medical condition.
All we are is a bunch of life insurance agents who just happen to be really good at helping folks who have been diagnosed with per-existing medical conditions like kidney cancer find a life insurance policy that they can qualify for.
Don’t expect to find any “valuable” medical information in this article, and don’t expect us to be able to answer any specific “medical” questions. We’re not qualified! But if you’re just looking for help in finding a quality life insurance policy after being diagnosed with kidney cancer, well then… you’ve come to the right place.
Which brings us…
Back to discussing what options will be available to those who have been diagnosed with either stage three or stage four kidney cancer. In cases like these what you’re generally going to find is that regardless of how long you’ve been “cancer free”, most (if not all) life insurance companies are going to deny stage three and stage four kidney cancer survivors a traditional term or whole life insurance policy.
This is because…
Insurance companies main goal is to minimize their own risk, and unfortunately, after an individual is diagnosed beyond stage two, most (if not all) insurance companies are going to feel that the risk is too high to provide coverage for a traditional life insurance policy.
Can you still get life insurance with Stage Three or Stage Four Kidney Cancer?
Yes! Typically, your only option once your cancer is stage three or four is to apply for a guaranteed issue life insurance policy. In fact, you do not even have to wait until you have recovered. You can actually apply for life insurance with stage four kidney cancer – and be approved!
This is because…
Guaranteed issue life insurance policies are not going to ask you any medical questions or require you to take a medical exam. Approval requirements will generally only require you to:
- Be a US citizen,
- Live in a state where guaranteed issue life insurance policies are offered,
- And meet the minimum age requirements.
And that’s it!
Just because you can qualify for a guaranteed issue life insurance policy doesn’t mean that you should run out and buy one! You see, guaranteed issue life insurance policies do have some drawbacks. Drawbacks such as:
- Low policy limits (usually only $25,000 or less).
- Higher “dollar for dollar” premiums vs more traditional types of life insurance policies (in most cases).
- And guaranteed issue life insurance policies will contain a graded death benefit clause which will put limitations on when your guaranteed issue life insurance policy will begin covering your for “natural” causes of death.
For more information about guaranteed issue life insurance policies, we would recommend that you either give us a call or read more about guaranteed issue life insurance here: Top 10 Final Expense Life Insurance Policies.
If you do qualify for life insurance with kidney cancer…
Then that’s great news! But, there are a lot of things that go into finding the best life insurance company.
Is there one “best” life insurance company for cancer survivors?
No. In fact, the “best” life insurance company will depend on a lot of things:
- Overall health
- Medical History (in addition to your kidney cancer)
- Family Medical History
- Driving Record (yes! This matters)
- Do you smoke?
- Dangerous Hobbies (think: adventure sports)
- And some other stuff!
So, how do you find the best life insurance company?
The only way to really get advice when it comes to life insurance is to get personalized life insurance advice. If it’s not personalized, then no matter how well intentioned, you probably aren’t going to wind up with the best, most affordable plan possible.
Should I get life insurance advice even for guaranteed issue policies?
Yes. Even guaranteed issue policies aren’t one-size-fits-all. There are a variety of products on the market – and not all of them will be right for you. But with the help of an expert you can find the one that is.
So, what are you waiting for? Give us a call today or visit our Life Insurance Quotes page and see what we can do for you!