Cancer and Life Insurance

Cancer and Life Insurance

Shopping for life insurance can be a difficult and time consuming process, and that is even more true for those who suffer from serious medical conditions like heart disease, high blood pressure, diabetes or cancer. In fact cancer sufferers and survivors often assume that they will not be able to purchase life insurance at all because of their condition.

The good news is that a diagnosis of cancer, or a history of the disease, does not automatically disqualify an individual from life insurance coverage. Life insurance companies can and do write life insurance policies for those with such a diagnosis, and no person should go without the coverage they need due to this kind of fear.

The key to getting the coverage you need despite a difficult medical diagnosis is to shop around as much as possible. Many life insurance companies provide special policies for those with a history of health problems, often with no medical exam required. Often life insurance policies that are advertised as guaranteed issue or no medical exam can be a good choice, especially for those patients whose battle with cancer is a recent one.

Those who have been cancer free for more than five years may find more options available to them, including life insurance policies that require a medical exam. While undergoing a medical exam to obtain insurance can be time consuming and frustrating, these types of policies can be quite a bit less costly than those who guarantee coverage to all. Many former cancer patients will find the cost savings well worth their time.

Those patients who are having trouble obtaining the life insurance they need may be able to find help in a number of ways. One of the resources available to help those with insurance issues is the state insurance commission. States around the country have set up these bodies to help consumers navigate the sometimes difficult waters of insurance shopping, and the state insurance commission can be a good resource for consumers who are denied coverage due to a preexisting condition or other medical problem.

Organizations and charities that work with people facing cancer can also be good resources. These charitable organizations are typically full of people who are well versed in the ins and outs of life insurance and other types of coverage, and they often have connections that can help those who have been denied get the coverage they need.

High risk life insurance pools can also be excellent sources of information for those having problems finding the life insurance coverage they need to protect their families. Many states have established high risk pools that allow individuals to purchase insurance at group rates, rates that are often quite a bit lower than those individuals could get on their own. These high risk pools can also be a good choice for those who have been denied coverage by other insurers.

Dealing with a cancer diagnosis is hard enough. Problems with life insurance can compound the problem and make an already difficult situation even harder to deal with. That is why it is so important for every patient to understand the resources that are available and research their available life insurance options.

Where to Buy Affordable Life Insurance

Where to Buy Affordable Life Insurance

We all know that life insurance is an important purchase, and that every responsible worker with a family to support needs to have sufficient coverage in place. The problem can be finding a life insurance policy that is both useful and affordable. Life insurance premiums can vary widely from company to company, and it can be difficult to know when you have truly found a great deal.

When you add to that the number of insurance companies that have gone bankrupt over the years, leaving policyholders holding the bag, it becomes even more difficult to know that you have found truly exceptional coverage that will be there for the long run.

After all life insurance is a long term purchase, and it is important that the coverage be in place when it is needed most, even if that date is many decades away. That is why it is so important to deal only with high quality reputable companies. Fortunately there are rating agencies whose job it is to assess the long term financial health of all insurers, including life insurance companies. The ratings provided by AM Best, Moodys and others can be a valuable guide when it comes to finding the best life insurance for your needs.

When it comes to finding the lowest prices there are a number of places shoppers can turn to. One choice users have is to contact a local life insurance broker, who will then contact a number of highly rated life insurance companies to get quotes. This process can sometimes yield good results, but it can be somewhat slow and cumbersome as well. First the life insurance agent has to research the best companies, then he or she has to request the quotes from those companies. . After those life insurance quotes have been received the life insurance agent then has to help the insurance shopper compare those coverage options and choose the right one for his or her clients. All this can take quite some time, and the process can be quite tedious as well.

Fortunately the internet has provided a more streamlined way for life insurance companies and life insurance shoppers to find one another. Websites like allow those in need of life insurance to get instant access to life insurance quotes from a host of companies with only the click of a mouse. The user simply inputs his or her information one time, and receives life insurance quotes from many different companies, all competing for that individual’s business. This type of competition can lead to lower prices, higher death benefits and more overall bang for the buck.

When you consider that alone provides access to quotes from more than 350 life insurance policies it is easy to see the power of these kinds of online marketplaces. With the power of the internet behind them life insurance shoppers can easily find the best type of coverage for their needs. This makes it easy for all life insurance shopper to get the life insurance coverage they need to protect themselves and their families.