Can I buy a life insurance policy with cancer as a pre-existing condition?
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UPDATED: May 10, 2010
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Insurance Question from Albany, NY
Asked on 05/10/2010
Can I buy a life insurance policy with cancer as a pre-existing condition? NULL
Answer given on May 18, 2010
Absolutely. If you currently have cancer, I don’t think you’ll be able to find coverage. If you’ve had cancer in the past, but have been cancer-free for a few years, you should be able to get insurance. It may be a graded benefit policy, which means that the death benefit is limited the first couple of years, but will have a full death benefit after the time limit has passed.
You may also be able to purchase a "regular" life insurance policy without restrictions. Expect your premiums to be higher than the person who does not have cancer as a pre-existing medical condition.
Make sure you ask a lot of questions so you understand what the limitations of the policy are.
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