Life Insurance with Hairy Cell Leukemia

by Jeff Rose on September 26, 2017 · 0 comments

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 is one of the best investments that you can ever make for your loved ones. It’s the only way that you can ensure that your family will have the money that they need, regardless of what happens to you.

This article is going to look at the different ways that you can get affordable life insurance for cancer patients, even as an applicant with hairy cell leukemia. Regardless of your health or any pre-existing conditions that you have, it’s possible to get affordable life insurance.

Life Insurance Underwriting

Life Insurance with Hairy Cell Leukemia 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.

These are only a few different examples of what you could face as an applicant with hairy cell leukemia. Every applicant is different and is going to have different rates depending on their health and the life insurance company. Because there are so many different factors that are going to impact your chances of getting an affordable insurance plan, it’s impossible for us to give an exact number of what you would pay, but these examples will give you an idea of what you will face.

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.

Improving Your Chances of Getting Cheap Life Insurance

If you have been diagnosed with leukemia, it’s going to be more difficult to get affordable life insurance, but not impossible. There are several ways that you can improve your chances of getting cheap life insurance protection.

The first thing that you should do is cut out any tobacco that you currently use. If you use tobacco, then you’re going to be viewed as a higher risk. As we mentioned in the example above, smoking coupled with leukemia will cause you to be declined for insurance coverage. Not only will it increase your chances of being approved for life insurance, but it will also save you thousands of dollars.

Another way to save money is to improve your overall health. If you purchase a life insurance plan that requires a medical exam, your health is going to play a major role in how much you pay every month. Getting better results is going to lower your premiums and keep more money in your pockets.

Working with an Independent Insurance Agent

When you’re shopping for life insurance, it can be a confusing process. There are dozens of different factors that you’ll need to consider. You will need to decide which type of plan is best for you and which company that you’re going to purchase the policy from. It can be overwhelming when you’re looking at all of the available options.

The best way to ensure that you’re getting the perfect policy is to work with an independent insurance broker. Unlike a traditional insurance agent, independent brokers work with dozens and dozens of highly rated companies across the nation. If you want to get the best rates, it’s vital that you compare several quotes before you decide which one is best for you, and instead of wasting your time, fill out the quote form and we will bring all of the best plans directly to you.

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.

Shopping for life insurance is never a fun task, but that’s why we are here to help. It’s our mission to ensure that you’re getting the best life insurance policy. If you have any questions about life insurance with hairy cell leukemia or about life insurance in general, please contact one of our agents today. We would be happy to answer those questions and connect you with the best plan possible.

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