by Guest » Tue Jun 29, 2010 11:13 am
I'm convinced that the cancer patients are less likely to get covered by any traditional life insurance. Can such patients apply for any dedicated plans that are conditioned to help them?
Posted: Tue Jul 06, 2010 08:08 pm Post Subject:
I don't know where the line is drawn. I can tell you that with the example from my practice that I gave, the client did die within the contestible period. It wasn't an issue. They did investigate. They did learn of his previous cancer. It was a non-issue because he was honest on his application.
Is he receiving consultations to make sure that it doesn't come back? It seems to me like he is getting examined like everybody should get examined. His exams weren't different from the exams that people without cancer get. The exams don't stop it from coming back. They might make early detection easier. It's along the same lines as someone having a family history. A woman with a family history may get a mammogram sooner, but that doesn't mean that she has a cancer history.
Keep in mind that if the insurance company wanted to know if someone EVER had cancer, they could ask that question. The insurance company is choosing not to do that and is only asking about the last 10 years. They must have a reason for doing it. It is my job to be honest. It is not my job to second guess the insurance company and give unasked for information.
I coach my clients when it comes to paramed and medical exams. I tell them to answer every question with 100% honesty but not to give any extra information.
In 20 years and thousands of policies, I've never had an issue. I do disclose things when I think that my client is lying. I don't disclose things if the application doesn't ask the question.
I don't think you're lying about the fact that the person was approved P+. That is still a needle-in-a-haystack case and to say that someone with cancer could potentially get a P+ rating is somewhat misleading since the odds of that happening for any given former cancer patient is still slim to none. A standard rate is a pretty solid offer for anyone who's had cancer....if someone can get better than that, they should grab as much coverage as they can get while the offer is out there.
Posted: Tue Jul 06, 2010 08:50 pm Post Subject: insurance
I can tell you this!! She sure won't be dishonest, on an Insurance application, she so she can get coverage.
Posted: Tue Jul 06, 2010 09:15 pm Post Subject:
I absolutely wouldn't expect someone with a cancer history to be approved P+. I'm absolutely talking about exceptions. I wouldn't put it as a needle in a hay stack long shot, but still a long shot. My handful of P+ approvals all had a few things in common. 1) Cancer was at a fairly young age. 2)The person was cancer free for at least 15 years and treatment free for 10 years.
Typically, like you, I am ecstatic when I can get someone with a cancer history standard rates with no flat extra.
Posted: Wed Jul 07, 2010 12:33 pm Post Subject: insurance
When I CAN find something that my 'clients' can be approved for and can afford, then,..yes..I'm very excited for them!! :D (However....doesn't happen very often.)
Posted: Wed Jul 13, 2011 04:54 pm Post Subject: cancer after brain tumour...
Hey Guys had a grade two brain tumour removed...been clear two years... was 26 when had it so did not get life insurance as it affected my judgement for up to ten years before...i have heard if you are clear from cancer for five years you can get a 'standard policy' this is in particular to dgoldnez??? where should i look in a few years...
Posted: Wed Jul 13, 2011 04:54 pm Post Subject: cancer after brain tumour...
Hey Guys had a grade two brain tumour removed...been clear two years... was 26 when had it so did not get life insurance as it affected my judgement for up to ten years before...i have heard if you are clear from cancer for five years you can get a 'standard policy' this is in particular to dgoldnez??? where should i look in a few years...
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