Best Life Insurance Companies For Cancer Patients – Are there life insurance options for people with cancer? Yes! If you’re dealing with cancer, you can still get life insurance.
Having life insurance in such a situation gives you peace of mind that your family will be financially okay if something happens to you. It ensures they won’t face huge bills for your final expenses or the risk of losing their home.
However, finding life insurance after a cancer diagnosis can be tricky. It’s hard to find a policy that covers what you need without costing too much. But fret not; we’re here to assist you.
In this article, we’ve researched and gathered information on some of the best insurance companies that offer life insurance for cancer patients.
So, if you’re looking to get a policy, we implore you to stick with us until the end of this article to discover the best options available for purchasing life insurance for a cancer patient.
Best Life Insurance Companies For Cancer Patients
Numerous insurance companies provide excellent life insurance policies for individuals dealing with cancer. If you’re seeking a quote, consider these top picks among the best life insurance companies for cancer patients:
Mutual Of Omaha
One of the best life insurance companies for cancer patients is Mutual of Omaha. They offer a range of policies, including variable life, term life, universal life, and whole life. While their policies may be slightly more expensive than average, there are notable advantages to selecting this company.
Fidelity
Fidelity, also known as Fidelity Life, is another reputable insurance company that caters to the needs of cancer patients. You can obtain a quote from them, and their policy covers various aspects, including accidental death coverage. Additionally, Fidelity boasts outstanding customer service, provides discounts, and offers a user-friendly online experience.
Nationwide
Nationwide is an excellent life insurance company, especially if you’re interested in bundling insurance. They provide living benefits riders and a diverse selection of insurance products that you can bundle together. So, we highly recommend exploring their offerings.
Ethos
For a life insurance policy, another company to consider is Ethos. Ethos stands out as one of the top life insurance companies for cancer patients, and the best part is that no medical exam is required.
They provide both whole and term life insurance products, and you can easily apply for a quote online from the comfort of your home.
However, it’s important to note that if you reside in New York, you won’t be able to access Ethos’ services or receive coverage.
TruStage
While TruStage doesn’t allow for policy customization, they offer affordable term coverage with relatively low face amounts.
Despite these limitations, you can conveniently access and apply for a quote online. The best part is that their decision is instant, providing immediate coverage. Additionally, there’s no need to stress about undergoing medical exams.
Transamerica
Transamerica also stands out as a top choice among life insurance companies for cancer patients. Notably, they provide the best final expense policy and boast an AM Best rating of A.
Transamerica offers both graded and immediate final expense policies, with a coverage limit extending up to $50,000. Moreover, the added convenience is that there’s no requirement for a medical exam.
Bestow
If you’re in search of online term policies, we recommend using Bestow. This company has earned high ratings from both the Better Business Bureau (BBB) and Trustpilot, and their decision-making process is instant.
Buying a quote from Bestow is convenient, as their online application process is fast and easy. However, it’s important to note that if you’re seeking permanent life insurance options, Bestow may not be the ideal choice for you.
AARP
Another company we strongly recommend is AARP. This is because they don’t reject coverage based on pre-existing health conditions, and you won’t need to answer any medical history questions or undergo a medical examination.
United Home Life
United Home Life is another excellent company that doesn’t demand a medical exam. Additionally, they offer four simplified-issue life insurance policies, with options for skipping the medical examination. However, it’s worth noting that United Home Life has a lower coverage level, and they don’t provide a public online quote system.
SBLI Life Insurance
If you’re seeking a policy without an exam, SBLI Life Insurance is an excellent choice. You can benefit from up to $750,000 in coverage at an affordable price.
However, it’s essential to note that SBLI Life Insurance doesn’t provide universal life insurance policies or chronic or critical illness riders to clients.
Tips On How To Increase Your Chances Of Getting Coverage
In this section, you will find tips to improve your chances of securing life insurance after cancer. However, the major step is to collaborate with a skilled life insurance agent.
These agents have connections with various insurance companies and can assist you in finding a reliable one that caters to cancer survivors. Therefore, it’s important to specifically seek agents specializing in impaired risk underwriting.
If you’re aiming for affordable life insurance, consider the following strategies that can help you find one:
- Make sure your criminal and driving records are clean.
- Improve your health by exercising and eating a balanced and healthy meal.
- Avoid risky activities like scuba diving, mountain climbing, and skydiving.
- Do not smoke.
Getting or purchasing a life insurance policy for smokers is more expensive than that for non-smokers. If you can do all of the following, you will have no problem finding a good and cheap life insurance quote.
See Also: Best No-Exam Life Insurance
