Most men, as they approach middle age, will find themselves dealing with prostate issues. Enlarged prostate, BPH, and prostate cancer are all very common conditions which make life insurance more challenging, but certainly NOT impossible.
Before continuing reading about prostate issues, you might benefit by reading how we handle all of our high risk insurance cases, then finish this article.
Life Insurance with Prostate Cancer
If you have been told you cannot obtain life insurance, don’t despair. We can help! Some carriers will not consider an offer in the midst of treatment, and others steer clear of prostate issues. However, a number of well-known life insurance carriers will be happy to offer coverage, depending on the details of each individual case.
The prostate cancer survival rate is actually excellent. I’ve read as high as 98% 10 year survival rate and 91% 15 year survival rate, so it’s certainly possible to insure.
Before an accurate quote can be made, there are a number of specifics required.
- What was the date of your diagnosis?
- What was your pre-treatment PSA level?
- What treatment did you select?
- Radiation Seed Implant
- Cyber Knife
- What was the Stage and Grade of your cancer?
- What was your Gleason Score?
- What was your post-treatment PSA level?
A wait-time after treatment is not usually required, but the details of your case, as listed above, are the factors insurance companies use to determine a rating. Our cases usually come in at a Standard or Standard Plus rating, depending on the specifics of the case.
If the cancer was caught early, and your post-treatment PSA is below 1.0, these are the people with the best odds of securing affordable coverage.
Life Insurance with Enlarged Prostate or Benign Prostatic Hyperplasia (BPH)
This is far less of an issue than prostate cancer, and in a best case scenario, you can still qualify for the top, preferred rate classes with enlarged prostate or BPH. This may be true even if your PSA is elevated.
The key to being approved at the top rates with an enlarged prostate is a good diagnosis from your urologist, after having the digital rectal exam (DRE) or preferably, a prostate biopsy. This way, prostate cancer is ruled out, and the insurance carrier knows for sure your psa is elevated due to a large prostate, rather than cancer.
Types of Life Insurance Available
All types are available to you if you can qualify medically, including 10, 20, 30 year term, as well as universal life and whole life. No exclusions.
Call us for a Life Insurance Quote
If you need life insurance, either to replace a term policy coming due, or if you are searching for the first time, don’t delay! As we age, life insurance pricing will only go up…so now is the time to act…and your chances for a good rating will not be ruined by a prostate condition if you call an agency who knows how to handle your case properly. Call us at 877-443-9467 for a no obligation quote.*Huntley Wealth Insurance and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.