Life Insurance with Prostate Cancer

You might not think life insurance with Prostate Cancer is possible, but it is.

Several insurance carriers offer life insurance policies for prostate cancer patients. And our independent agency is here to help you shop your best price.

As long as you’re between ages 50 and 85, your acceptance is guaranteed.

Prostate Cancer And The Need For Life Insurance

Did you know that prostate cancer is the most common type of cancer in American males besides skin cancer? Currently, 1 out of every 9 U.S. males will be diagnosed sometime in their lifetime. Cancer.org estimates 165,000 new prostate cancer cases this year.  As a result, nearly 30,000 will die from it. 

Diagnosis Will Likely Be In Your Retirement Years

Though all cancer share certain qualities, each type of cancer is unique. The average age of diagnosis for prostate cancer is 66, twice as high as testicular cancer, 33. This means that individuals diagnosed with prostate cancer will most likely be in retirement or close to it.   

Prostate Cancer Can Drain Your Retirement Nest Egg

Prostate cancer treatment costs are on the low end of the scale compared to other types of cancer. However, medical bills can quickly amount to thousands of dollars per month out-of-pocket.  

The journal of clinical oncology states that in 2019: the typical cost of therapy to a prostate cancer patient is $2,800/month after diagnosis.  This number includes co-pays, coinsurance, and deductibles.   

Slow Growing Cancers Can Equate to Many Years of Medical Bills

Prostate cancer is not an aggressive type of cancer. It grows slowly, and most people with active cases don’t die from the disease. A recent publishing from John Hopkins Medicine states: the 15-year survival rate for prostate cancer is 95%.

Prostate cancer patients typically live a long time after diagnosis; however, keep in mind that they should prepare for prolonged medical costs as well.   

How Life Insurance Can Help Prostate Cancer Patients

Life insurance provides a financial safety net around both you and your loved ones. It ensures that adequate funds are available after death, so no one has to suffer a financial burden due to your passing. 

A life insurance policy provides guaranteed funds paid directly to your beneficiary upon notification of death. They can use the money to pay for funeral costs, unpaid medical bills, personal debts, or however, they choose in their time of need.    

Life Insurance Options After Prostate Cancer Diagnosis 

Guaranteed Acceptance Life Insurance is the last resort coverage option. And one that prostate cancer patients qualify for. 

There are no medical exams or any health questions.  Policies provide up to $30,000 in coverage to help reduce or eliminate end-of-life expenses. 

You must be between ages 50 and 85 to enroll, which makes guaranteed acceptance ideal for senior life insurance coverage. 

Once enrolled, you lock in your policy for life as well as the premium rates. As long as you pay your monthly premium, your rates stay the same, and your plan will never go away. 

Finding Your Best Carrier Option

Many different carriers offer guaranteed acceptance policies. However, not all companies are the same. Rates can vary significantly between companies as well as their customer service.

Our independent agency has partnered with all the top carriers offering life insurance for cancer patients so you can shop all your options in one location. We help you shop and compare life insurance companies across the county so you can find your best policy and price.

How to Enroll Today

Enrolling in life insurance with prostate cancer is easier than you think. Our streamlined system allows you to quote, compare, and enroll in your best life insurance option in a matter of minutes.

If you’re ready to explore your options, begin by filling out the quote form on your screen. You’ll instantly see personalized quotes for policies that you qualify for!

One of our friendly agents will reach out to answer any question and to help compare policy details. Once you’ve identified your best option, the enrollment process takes about 15 minutes.

We’ve helped thousands of individuals in poor health secure the funds they need to protect their families. We’d love to help you too!

Explore your options today with your free quote.