Topic: Life Insurance

Forum: Employment, Insurance, and Other Financial Issues — Employment, insurance, and financial concerns are common. Meet others here to discuss and for support.

Posted on: Jul 19, 2010 08:31AM

Posted on: Jul 19, 2010 08:31AM

amyob wrote:

Just hoping we can gather information on how to get life insurance after being diagnosed.  If you have a helpful suggestion, please share :)

Dx: 9/19/09, Stage T1mic, DCIS, < 1mm microinvasion, ER+/PR+, Her2+, 0/2 nodes
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Jul 19, 2010 08:32AM cookiegal wrote:

I am curious as well!

You deserve a cookie!
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Jul 19, 2010 11:32AM Bren-2007 wrote:

My experience is that you can buy numerous term life insurance policies for smaller amounts 5K-35K without having to answer health questions.

For larger policies some companies request a 3-5 year remission of your cancer first.  I talked to one company about mortgage insurance and was turned down because I'm 20 lbs overweight.

I will be getting a few smaller policies for my family.


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Sep 7, 2010 09:52AM Cadreaming wrote:

I too am wondering about life insurance. After I recover from my last surgery last week I'm going to look into it. I tried to explore it on the web regarding breast cancer and life insurance and you get various different things. I guess the only way to really find out is to apply. I know Farmers will not give me TERM life insurance. They said for me they would only give me Whole life insurance and only after 5 years of my last breast cancer treatment. I'm going to shop around and see what's offered to us.

I would love to hear from women with breast cancer that got term life insurance. What company and how much they were allowed to get.

DX 12/07, Bilateral mastectomy 6/08, IDC, 1.5 cm, Stage 1, 0/2 nodes, ER+, HER-, Ooph 9/10.
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Oct 1, 2010 01:08PM jogreen68 wrote:

The magic number is 5 years, once you have been in remission for 5 years they will start to consider you however even then the premiums will be heavily rated. It is one of those things that if you want it, it is a case of of paying what they are asking, it is unfortunately, bad apple in the apple cart scenario.

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Oct 20, 2010 07:29AM SharonLDailey wrote:

Hi, I live in Ma and have recently been told that I would have to wait 2 years.  I freaked out about that but after hearing 5, two is sounding a whole lot better.  I am doing some heavy duty research so if I come across anything helpful I will be sure to share. 

Dx 7/22/2010, IDC, 3cm, Grade 3, ER+, HER2-
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Nov 14, 2010 04:19PM thatsme58 wrote:

Sadly, if you waited this long to purchase life insurance you won't be able to get very much coverage if any. There are some companies that will offer you a small face amount (5000 to 25000 depending on the company) of what is called a "graded" policy. The premium will cost you more so you'll need to do the math to see if the value is worth it, how these policies work is like this: If the policy is worth 10k and the period is 3 years, the first year if you pass your beneficiary gets 1/3 of 10k, 2nd year 2/3 and after the full 3 year period has been satisfied the full face amount is payable upon death. This is probably the best we can do, most companies will say you have to be NED of at least 5 years and will still require a complete dossier of your medical records, so a large term policy is usually out of the question. READ THE POLICY WHEN YOU GET IT THESE ARE THE TERMS no matter what the agent may say.

I spent 10 years in the biz and had so many people put off doing this it broke my heart when things like this happened. 

He hath showed thee, O man,what is good; and what doth the Lord require of thee, but to do justly, and to love mercy and to walk humbly with thy God. Micah 6:8 Dx 9/22/2010, IDC, 1cm, Stage IV, 13/17 nodes, mets, ER+/PR+, HER2+

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