Whether you are a cancer survivor or are currently battling the disease, you have more options for life insurance coverage than you may think. Depending on the active steps a cancer survivor is taking to remain healthy, he or she can be eligible for a wide variety of traditional life plans. There are also specialized policies available for those who are currently battling the disease and undergoing cancer treatment.
As a survivor, your insurer is going to want to know certain factors about your past diagnosis. These details can include the treatments you underwent, the stage and grade of cancer you had, and how long you've been in remission.
In order to prepare for this, here are some helpful strategies to give you a better chance at obtaining lower rate coverage:
If you have a serious cancer diagnosis and are in need coverage, a Guaranteed Issue plan is your best option. This plan requires no medical exam or questionnaire, meaning your current health status and the treatments you are undergoing have no effect on your coverage eligibility.
Simplified Issue Life Insurance can be ideal if your cancer is more manageable and less severe. This plan is typically less expensive than a Guaranteed Issue policy because it does require you to fill out a health questionnaire in order to be considered eligible.
At No Medical Life, we work with over 20 leading Canadian Providers to help you find your ideal plan. We help individuals get accepted for reliable coverage at an affordable price, no matter their current health or medical history. Discover your No Medical coverage options now by using our fast and free quote form.
