If you’re elderly and have been told you have prostate cancer, don’t be alarmed! Even now, you can purchase life insurance.
“As people approach retirement age, we are aware that many seniors are inquiring at life insurance. Also, it’s probably the last thing on your mind if you recently received a prostate cancer diagnosis, but don’t worry!
PinnacleQuote wants to reassure you that we are aware of how challenging this time is for you and that we have options to help.
Life Insurance for Someone with Prostate Cancer
Does prostate cancer affect life insurance?
Most life insurance policies will deny or postpone coverage until after treatment if you have aggressive prostate cancer and are receiving treatment for it. If you want prostate life insurance, you will also need to have at least a few follow-up exams to ensure that cancer has been completely removed.
Life insurance is actually extremely attainable for prostate cancer survivors. In order for YOU to understand better, we will go through everything in great detail in this essay.
Once more, it should be noted that prostate cancer is a high risk pre-existing medical disease. But, if you speak with the proper agent, you can obtain coverage. In general, because it has a low death rate if detected early, life insurance companies are indulgent with this type of cancer.
Hence, don’t worry—life insurance for prostate cancer survivors can be reasonably priced!
Life Insurance After Prostate Cancer
Can I get life insurance if I had prostate cancer?
It will be difficult to try to get life insurance with any pre-existing ailment, especially after receiving a prostate cancer diagnosis. Although though prostate cancer is one of the most prevalent cancers in males, you still want to detect it at an early stage.
When applying for prostate cancer life insurance after receiving a diagnosis, it will depend on the type of therapy, the tumor’s stage, and its grade before coverage will be taken into account.
The following criteria will be taken into account by life insurance underwriters when establishing your eligibility for coverage:
- what age did you get a diagnosis?
- Therapy (Radiation, Brachytherapy, Prostatectomy) (Radiation, Brachytherapy, Prostatectomy)
- present-day PSA values
- Gleason Rating
The best chance for success for cancer patients looking for life insurance is treatment and catching it early, even if less than 10% of prostate cancer survivors actually pass away.
So let them know it’s definitely doable if you’re seeking for life insurance for someone with prostate cancer. Above all, you MUST speak with the correct agent when purchasing life insurance following prostate cancer.
Life Insurance After Prostate Cancer Surgery
Depending on the stage and how soon after a diagnosis of prostate cancer, there are different treatment choices. You will get a prostatectomy if you decide to have surgery. Once more, everything depends on the cancer’s stage, the patient’s general condition, and other circumstances.
In order to ensure that all cancer cells have been eliminated, a prostatectomy entails the removal of the prostate and, in certain situations, the nearby healthy tissue. The patient’s PSA (prostate-specific antigen) is often less than.01 following a successful procedure.
The three prostaticectomy types are as follows:
Robotic prostate surgery, open radical prostatectomy, and bilateral orchiectomy
Above all, there is a very significant chance that you would be able to find reasonable coverage if you have the complete prostate gland removed along with the combination of identifying cancer early.
Following Prostate Cancer, Can I Obtain Life Insurance?
If your prostate cancer treatment was recently successful, you will be able to obtain life insurance. Even though all cancers carry a high risk, prostate cancer progresses very slowly.
There is a possibility that getting a standard rate will be possible after therapy is finished. Naturally, there will be requirements for this to be possible.
Above all, the following will determine your ability to obtain a standard rate insurance quote.
Radiation and/or prostate surgery treatment
If you are above 60, your PSA won’t increase while you are under active surveillance (watchful waiting). If you were diagnosed when you were older and had a Gleason score of 6, no Gleason 4 or 5 reports were made.
After radical prostatectomy, PSA remains constantly undetectable (.01).
Here are the 3 types of Prostatectomy:
- Radical Prostatectomy (Open)
- Robotic Prostatectomy
- Bilateral Orchiectomy
The fundamental Life Insurance Underwriting Scores following Prostate Cancer are listed here. Ultimately, this will decide your monthly payment and rate class.
Can I Get Life Insurance After Prostate Cancer
If you just have been treated for prostate cancer and it was successful, then you will be able to secure life insurance. Even know any form of cancer is high risk, prostate cancer is a very slowly progressing cancer.
After treatment has been completed there is a chance that obtaining a standard rate can be accomplished. Of course, there will be some criteria in order for this to be possible.
Above all, being able to secure a standard rate insurance quote will be based on the following.
Treatment of Radiation and/or Prostatectomy
- PSA does not rise during active surveillance (watchful waiting) if over age 60
- Older ages at diagnosis, Gleason Score < 6, No Gleason 4 or 5 reported
- PSA is persistently < 0.2 after radiation
- PSA is persistently undetectable (<.01) after radical prostatectomy
Life Insurance Underwriting Prostate Cancer
Below are the basic Life Insurance Underwriting Ratings after Prostate Cancer. Overall, this will determine your rate class and what you will pay monthly.
Life Insurance Rating For Prostate Cancer:
Treated by Active Surveillance, Watchful Waiting
- Age 55-59: Postpone 5 years from diagnosis or until age 60
- Age 60+: Table 2 – Decline based on Gleason, Stage, PSA, and current age.
Treated by Radiation Treatment
- Age 50+: Table B-Decline based on If PSA is undetectable and over age 65 Table B possible.
- Unfavorable factors include PSA > 1,
- Hormonal therapy, Stage > cT2,
- Greason 4+3 or tertiary 5 (worse if Gleason 8-10).
- Decline if PSA is detectable.
Treated by Prostatectomy
- Standard – Decline: Unfavorable factors: PSA > 1.0,
- Gleason 4+3 or tertiary 5,
- Gleason unknown or 8-10,
- Stage > pT3a, hormonal therapy.
Now that you know it is possible to get coverage. The best way to secure life insurance is to shop around and deal with an independent agent that knows the guidelines.
Questions Asked By Most Underwriters:
Term Life Insurance After Prostate Cancer
After prostate cancer treatment, getting term life insurance may be difficult, but it is still possible. It will be challenging to find term life insurance WITH prostate cancer, though.
There will be a paramedical examination, an APS (Attending Physicians Statement), or medical records with the pathology report when it comes to underwriting for a term policy. To properly assess risk, the underwriter will need to view the big picture.
Prostate cancer will be evaluated for financing based on the tumor’s grade and stage. Tumor size determines the stage. The Gleason score assigned a grade to the tumor’s aggressiveness. Gleason ratings range from 2 to 10. The likelihood that it may spread increases with the Gleason score.
Here are a few treatment scenarios and how they could affect the cost and a prostate cancer life insurance estimate.
John, who is 51 years old, underwent a radical prostatectomy after receiving a prostate cancer diagnosis. John received a normal rate more than a year later with a Gleason score < 5 and undetectable PSA levels.
At the age of 56, Steven received a prostate cancer diagnosis and radiation therapy. Because the disease was limited to the prostate, he would be approved at a regular rate after a year of radiation therapy with a Gleason score under 6 and a PSA below.02 and no increase over the course of the year.
Roger was 62 years old when he received a prostate-specific antigen (PSA) positive diagnosis. The insurance company delayed coverage for three years after diagnosis at the time of application and with the Gleason score under 6 and PSA under 10 and not climbing. At age 65, he was subsequently given Table 3/C approval.
So, it comes as no surprise that therapy will have a significant impact if you want the best rate possible after receiving a prostate cancer diagnosis. You can have my prostate if I ever get this condition.
Survival Rates For Prostate Cancer
The insurance provider does treat prostate cancer differently than other cancers like skin cancer when you are diagnosed with it (melanoma). The crucial factor is survival rate.
The 5-year survival rate for prostate cancer is around 10% for localised regional prostate cancer. However, the 5-year survival rate would drop to 30% if the cancer moved to other body organs or lymph nodes.
Frequently Asked Questions
Prostate cancer frequently results in death.
Almost 100% of people with cancer survive for five years if it is contained.
How long can someone with advanced prostate cancer expect to live?
The survival rate will fall to roughly 1/3 if cancer spreads.
The five warning signals of prostate cancer are as follows.
- frequent urination and weak pee flow
- urethral blood
- Erection problems
- Urination causes burning
In conclusion, if you receive a prostate cancer diagnosis, follow your oncologist’s advise. The prostate gland should be removed for the patient’s best chance of life.
Order it now! Removed!! You will be in a better position to obtain the greatest cost if you shop around for life insurance.
Please call me if you have any questions. Danny Ray at 855-380-3300, option 1.