Life Insurance with Hairy Cell Leukemia

by Jeff Rose on July 1, 2013 · 0 comments

Life Insurance with Hairy Cell Leukemia If you’ve ever been treated for hairy cell leukemia in the past, it makes sense to assume that you wouldn’t qualify for life insurance considering the seriousness of this disease.

However, many applicants are still able to qualify for insurance after recovering from their treatment.

Whether you can qualify for life insurance depends on the severity of your leukemia and how you responded to treatment. You can also increase your chances of qualifying with a good application. To help you get prepared, here are the underwriting guidelines for hairy cell leukemia.

Life Insurance Underwriting

When you apply for life insurance, your agent will ask you several questions about your leukemia. Be ready to answer:

  • When were you diagnosed with leukemia?
  • What stage leukemia did you have?
  • What treatment did you receive for your cancer?
  • Have there been any recurrences?
  • What was the result of your most recent CBC (Current Blood Count)?
  • Do you have a family history of cancer and do you smoke?

When you answer these questions, be sure to include as much information as possible.

You want the life insurance underwriters to feel like they understand everything about your leukemia and its treatment.

If your application seems incomplete, your chances of a rejection or poor rating go way up.

Life Insurance Quotes with Hairy Cell Leukemia

When you apply for life insurance with leukemia, underwriters will consider a few points about your cancer. First, they’ll consider how far the leukemia spread based on its stage, ranging from Stage 0 to Stage 5. They’ll also consider what kind of treatment you received and how long it’s been since your treatment. The longer you wait, the better your rating as this shows that you haven’t had a recurrence.

Insurers will also consider your overall health and other risk factors for life insurance. While each company uses different guidelines, here are the general underwriting rates for someone with hairy cell leukemia.

  • Preferred Plus: Not possible for someone with leukemia. Even if you’ve fully recovered and are in good health, you can’t qualify for a discounted policy because of the severity of this disease.
  • Preferred: Also not possible for someone that had leukemia.
  • Standard: This rating is also generally impossible for applicants that have had hairy cell leukemia. Even the top life insurance companies for this condition are very reluctant to give standard or better ratings to anyone that had cancer.
  • Table Rating (substandard): Possible for someone that had Stage 0 or Stage 1 hairy cell leukemia. An applicant’s rating depends on how long it’s been since their treatment, their CBC rating, and their age (the older you are, the better your rating). Insurance companies will also consider your overall health for the table rating.
  • Declines: Applicants that had Stage 2 or higher leukemia or are younger than 50 and had leukemia in the past. In addition, applicants that apply within five years of a bone marrow transplant or within one year of other treatments are also likely to be declined.

Hairy Cell Leukemia Insurance Case Studies

Qualifying for insurance with hairy cell leukemia is challenging so you need to do everything you can to increase your chances. One strategy is to put together a smart application. Here are a couple real life case studies that show the importance of planning.

Case Study: Male, 65 y/o, non-smoker, diagnosed Stage 0 Leukemia at 58, fully recovered from treatment at 59, no other health issues

This applicant was in overall decent health when he was diagnosed with Stage 0 leukemia at 58. Fortunately, he fully recovered after chemotherapy and didn’t need a bone marrow transplant. Since then, he was healthy and showed no signs of remission. Immediately after recovering, this applicant tried to buy life insurance and was denied so he thought he couldn’t by insurance. After reading our website, he realized he could now qualify since he had waited several years. We also advised he test his CBC before applying to show he was in a normal range. With this extra information, the applicant was able to qualify for a Substandard Level 2 policy.  While this is not a cheap life insurance policy it is much better on a per dollar basis than one that is guaranteed issue.

Case Study #2: Female, 59 y/o, former smoker, diagnosed with Stage 1 Leukemia at 55, fully recovered from treatment at 56

This applicant was not in great shape. She smoked and had high blood pressure. When she was diagnosed with leukemia and eventually recovered, she realized she needed to turn things around. Since then, she quit smoking and fortunately had no other problems. However, when she tried applying for insurance at 59, she was denied. The cancer and the former health issues were too much for her to qualify. We recommended she see her doctor and ask for a note confirming that she was taking better care of herself. With this extra information, she was able to receive a rated policy.

Qualifying for life insurance with hairy cell leukemia isn’t easy so it’s a good idea to get help from an expert. Our company specializes in finding life insurance for applicants that have recovered from leukemia.

We’ll help you put together an application that has the best chance of qualifying. If you can’t qualify for regular life insurance, we can match you up with a guaranteed issue policy. For more information and free rate quotes, call or fill out our online application form.

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