Family History of Cancer and Life Insurance
A family history of cancer can prevent individuals in otherwise perfect health from qualifying for the lowest possible term life insurance rates. Every insurance underwriter considers your family history of cancer when determining which rate class you’ll qualify for, as it can be an indicator of your propensity for coming down with the disease.
You can get best class with a Family History of Cancer
There are a very few life insurance companies that only consider cardiovascular deaths in your immediate family prior to their age 60 or 65 when determining your term life insurance rate. These particular insurance companies have taken an aggressive stance by throwing out all considerations when it comes to a family history of cancer. ING Life Insurance in particular has taken this stance, and they are probably the best company for this particular condition due to this stance, along with their cheap term rates.
Critical Family History of Cancer Details
For those companies that do still look at cancer, the critical factor that life insurance underwriters consider when researching a family history of cancer is exactly when family members were diagnosed, and or if they passed away from the disease. The majority of the term life insurance companies that we represent are only concerned about family history of cancer if it was diagnosed before age of 60. It is also another penalty if they died from the disease before 60 as well.
After you have reached a certain age, there are some term life insurance companies will not consider your family history whatsoever. If you’re older than age 60 or 65, cancer, for any other family history would not be counted against you in the underwriting process.
If you have a family history of cancer and would like to find the best rate, please click on the link below and we can determine the best term rates available to you regardless of what your family history may be.
For more information on underwriting a family history of cancer, please visit our underwriting center.
