Why is Life Insurance More Expensive for Men?

Why is it that life insurance is more expensive for men than women?

The answer is pretty simple.

Men tend to take more risks with their lives than women and generally don’t take care of their health as well as women.

The statistics tell the story quite dramatically.  In 2016, the CDC (Center for Disease Control) reported that deaths from all age categories and for all causes show quite a discrepancy between the genders.

In 2016, the total number of accidental deaths for men from both accidents and disease for all age groups amounted to 11,288,114 deaths for males. For women, the total number of deaths in 2016 for all ages and causes was 7,266, 441.

But when it comes to driving, the numbers are skewed even more to the peril of men.  CBS News recently reported that men die in car accidents at a 2-1 clip over women.  Unfortunately, alcohol is involved in many of these fatal accidents.  For God sakes men!  Take an Uber next time instead.

(And when it comes to driving for Uber, you may only want to take a ride from a woman!)  :)

The disparity is quite telling.  Needless to say, women also tend to live longer than men. The U.S. Census Bureau reported that in 2015, the average life of a female in the U.S. was 80.5 years of age while for men the average life span was 75.5 years of age.

Life insurance companies keep close track of these statistics and in great detail as they use these statistics in their analysis in how they determine the premiums they charge.

There are a lot of variables which are used by life insurance companies as they determine the probability of how long they expect you to live and they most certainly note the disparities of the life spans between the genders.

How Can a Man Save Money on Life Insurance?

It’s a bit tough going against the grain and save money on your life insurance if you’re a male, but there are some ways that can help save you a lot of money on your life insurance policy.

Here are some simple steps to show how a male can save money when they go to buy life insurance:

1. Buy Your Life Insurance Policy When You’re Younger

Regardless of gender, it’s a plain simple fact that life insurance is a lot cheaper to buy when you are younger.  Life insurance becomes exceedingly more expensive as you get older.  Since life insurance is a long term investment and something you will need, then the best approach is to buy it now while you’re still younger.

2. Use An Independent Insurance Agent

Using an independent agent such as myself is the best strategy to find cheaper life insurance rates.  Why?  The answer is simple really, because an independent agent has access to dozens of life insurance companies and can shop around to find competitive quotes for you. 

3. Take Better care of Yourself

Even if you are bit older, you can get a better rating and lower premiums if you are in better health. 

This does not mean you should put off getting life insurance until you improve your health, because if you need coverage now, then buy a policy now.  Even if you are a bit unhealthy now and a policy costs a bit more, you may be able to get a better rating and lower premiums when your health improves. continue page 2…….

Inexpensive Life Insurance for Seniors

Where can seniors find inexpensive life insurance?

You’ve come to the right place.

Here’s the scoop on affordable term life insurance for seniors.

What Kind of Insurance Can Seniors Buy?

If you’re a senior you can pretty much qualify for any type of life insurance policy if you’re in good health.  You can choose between term and permanent life insurance.

However, since you’re here looking for senior life insurance that isn’t expensive than your best choice is term life insurance.

What is Term Life Insurance?

Term life insurance is the most basic form of life insurance policy offered by insurers.  This type of policy is especially ideal for many seniors who are looking for insurance coverage for a specific period of time.

What Are the Benefits of Senior Term Insurance?

There are a number of benefits and positive reasons for a senior to consider why term insurance is the best option.  These include:

1. Term insurance covers death benefits only.  You can choose the amount of death benefits you need in just about any amount from $25,000 to over $1,000,000 dollars.

2. Term insurance is the most affordable type of policy a senior can buy.

3. You can select the length of term you need.  This policy is sold in periods of time such as 5, 10, 15, and up to 30 years and can even be age specific such as age 65 for example. However, you should be aware that there are cut-off age dates for longer terms which are age specific.

For example, a 60 year old may be able to buy a 30 year term, but may only be eligible to buy a 10 or 15 year term when they hit age 69 and older.

4. The premiums are locked in for the period of the term for most policies, but this can vary from company to company.

5. The proceeds from a term life insurance policy are paid in a lump sum.  These proceeds which are paid to your named beneficiary are also non-taxable so your loved ones can use the money in any manner they choose.

A Senior Should Buy a Term Policy as Soon as Possible

The one thing to keep in mind about life insurance is that it becomes more expensive as you age.  So, it’s important that if you are coming close to a birthday, you will save yourself more money by buying a policy now before you reach that birthday.

Some insurers are also more lenient when it comes to age than others.

What if I’m Not Very Healthy?

This may or may not be too much of a problem depending on the health issues involved.  First off, you should know that life insurance companies use dozens of variables in how they rate people when determining how much they will charge for a premium.

Some of these variables include your age, whether you smoke, the state of your current health, family history and many other factors.

Even though you might have health issues, you should be aware that you can still qualify for a policy but you might receive a lower rating which could impact the cost of your premium.

But, again it’s important to know that each insurance company rates health issues differently.  Choosing a company that is more lenient can also help save you money on your premium.

Even if your health issue prevents you from being approved for a policy, you do have other options such as Guaranteed Acceptance, but you should phone me to discuss your options beforehand so we can discuss your health issues.

Are There Other Life Insurance Options for a Senior?

Yes, there are other options.  Many seniors only want a small policy which will cover their funeral expenses and to pay for small debts they owe.

This type of policy is known as Burial Insurance or Final Expense insurance.  These policies start as low as $2,000 dollars and as high as $50,000 in coverage.  This policy would stay in effect until you actually die.

Where Can I Find a Life Insurance Policy For Parents Over Age 60?

You always want to talk to an independent agent like myself.  We can access and research dozens of companies so you are assured we will find the best policy at the most affordable rates.  If you have health concerns, don’t let that dissuade you because we can give you valuable advice and help you to find a policy that suits you.

Whatever your needs or questions then please call me direct at 877 – 966 – 9383.

How Level Term Life Insurance Works

Are you wondering how level term life insurance works?

If you’re thinking about buying life insurance and only need life insurance coverage for a specific number of years then this might be the ideal policy for you.

Level life term insurance is a very straightforward type of life insurance and is the most basic form of life insurance available.

What is Level Life Insurance?

Level life insurance is term life insurance.  This type of life insurance pays death benefits only.  These policies do not contain a savings component like you would find in permanent insurance such as whole life or universal life for example.

Although level term insurance can cover you for your lifetime you buy it for specific time frames such as 5, 10, 15, 20, 25, 30 years.  Each period or time frame is called the ‘term’ which is how term insurance derives its name.  You can also buy policies which are age specific such as 55 or 65 years of age for example.

The first thing you have to determine is the amount of coverage or death benefits you feel you would need to achieve your purpose or reasons for buying life insurance.  You then select the length of time or term you feel is right for your life insurance needs.

Once you have selected the amount of death benefits, then this is the amount of death benefits your beneficiary(s) would receive should you die during the term you have selected.  The death benefits remain level or constant throughout the term of the policy you have purchased.  This is why it is called level life insurance because the death benefits remain constant throughout the lifetime of the term.

So, if you buy a $500,000 level term policy for a 20 year term and were to die unexpectedly in the 19th year of the policy, and providing you have kept up with the premiums and not allowed the policy to lapse, then the person(s) you have named as a beneficiary will receive a non-taxable lump sum payment of $500,000 dollars.

On the majority of policies sold by insurers, the premiums are guaranteed for the term you have bought.  This means that if your insurer was charging you $20.00 per month for a premium when you bought the policy then that is what you will still be paying in the final year of the term.

However, there are some insurers which do not guarantee the premium and if this is the case, then they have the ability to increase the premium.

To ensure you don’t get caught with having to pay higher premiums, it’s always best to ask your agent if the premiums are guaranteed.

What Happens if the Term Expires?

Most term policies sold are renewable.  Before the expiration date on the term occurs, the life insurance company will ask you if you want to renew the policy.  You can choose to buy the same length of term or you might opt to buy a shorter term and alter the death benefits.

Always Pick a Suitable Term

There is one thing you should remember if you go to renew your term level policy, and that is the premiums will be quite a bit more expensive.  The one important point to keep in mind when buying a level term life insurance policy or any other policy is that life insurance becomes more expensive to buy as you age.….(continued on page 2)

Veterans Life Insurance: What One Should Know.

If you’re a veteran and are looking for some affordable life insurance then you’ve come to the right place.

Whether you’re healthy or have been seriously injured, we can help you find the life insurance policy you need.

We’ll look at some of the most pressing issues facing our heroic veterans and give you the answers to your most pressing life insurance questions.

There is a policy out there that will suit everybody.

Let’s start right off and say that healthy veterans who have no lasting physical or emotional injuries will simply be eligible for the same types of life insurance policies available to everybody else, and at the same rates.

Life Insurance Policies for Injured Veterans

Let me say right off that I specialize in helping people with serious health disabilities. As an independent agent I know which companies are more lenient than others when it comes to underwriting anyone who has health issues.

So, if you’ve been turned down by a company or have become discouraged, then I urge you to give me a call so we discuss your particular situation.

Here are some of the most war related and health issues faced by our returning veterans.

PTSD (Post Traumatic Stress Syndrome)

The emotional scars inflicted by the tragedy and horror of war, and any other form of traumatic incidents can leave you with lasting emotional problems that can dog you for life.

Some vets are able to cope better with PTSD than others and can function as well as anyone else.  Others have a much deeper psychological trauma that impacts their daily lives.

The bottom line when it comes to how life insurance companies rate someone with PTSD is simply dependent on the degree of the disability.

If you have relatively mild PTSD, and by that I mean you can cope quite well and only need one type of medication, then you will likely qualify for ‘Standard’ rates in most instances.These aren’t the best rates available but they are from being excessively more expensive.

If your PTSD is much more severe and you are taking a variety of medications, and receiving regular psychological or psychiatric treatment while being off on disability then you are likely to receive a lesser rating than standard. It will all depend on the medical evaluation received by the insurance company, the medications you are on and you’re overall health situation.

It means basically that we would have to look at your individual situation on a case by case basis as each situation is going to be different.

The point is that regardless of the degree of disability you have from PTSD there is some form of affordable life insurance available for you, and it’s just a matter of finding the right company with the right policy to match your particular individual needs.

Life Insurance and Physical Injured Veterans

Asides from the emotional impact that can affect a veteran there are also the many forms of physical injuries that can affect the daily lives of our veterans.

The range of injuries is so varied that I can mostly generalize about how the insurance companies will rate you as each situation will be unique.

In many instances, the physical injury you incurred will also be rated in different ways by different life insurance companies.

How you are rated will more or less depend on how well you able to function, what sort of treatment you are receiving, and in some instances the state of your future prognosis.

The more you can function in being able to look after yourself such as being able to drive, bathe yourself and prepare meals and whatnot, the better your rates.

Loss of limbs or amputations can be viewed differently by different companies. A loss of a portion of a finger can be viewed differently than the loss of both legs for example.  But, even a double amputee can be quite functional these days given the advancements in prostheses available.

Another common injury with many veterans is Tinnitus.  There are plenty of avid weekend game hunters and firearm users who are in the same boat.  Most of these individuals will get the same rates as everyone else so long as their brain scan is clean.

Head injuries and severe burns could be a bit more problematic but it may depend on the degree and extent of the disability, treatment and how well you can function.

Bottom Line for Veterans

The main thing to remember is just because one or two life insurance companies turned you down or wanted to charge a premium that was too costly, don’t be discouraged. There are hundreds of life insurance companies and they are not all the same.

There are also many different types of policies and regardless of your service related injury, there is something available for you.

How to Find Affordable Life Insurance for Veterans

You always want to talk to an independent agent like myself.  We can access and research dozens of companies so you are assured we will find the best policy at the most affordable rates.  If you have health concerns, don’t let that dissuade you because we can give you valuable advice and help you to find a policy that suits you.

Whatever your needs or questions then please call me direct at 877 – 966 – 9383.

Why Buy Term Life Insurance for Children?

Should you buy life insurance for your children?

Many people don’t think so, but there are some sound financial reasons why you shouldn’t be so hasty to dismiss this notion out of hand.

Planning for the future is what life insurance is primarily about and even your children should be considered in preparing their way down the road.

Reasons To Buy Life Insurance for Children

Life is full of uncertainty.  It’s simply not possible to predict the future so here are some reasons why it might be in your best interest to buy life insurance for your kids.

1. Future Insurability

Today’s children are not as healthy as they were because lifestyles have changed.  Many children today live a sedentary life which does not bode well for their future health.  Child obesity is rampant in today’s society because of eating habits, lack of exercise and spending too much time with the tech toys and other devices.

What this means down the road is the potential for a whole range of health problems such as diabetes, heart disease, high cholesterol levels and high blood pressure.  Your children will grow up, start their own family and will need to buy life insurance just like you have right now.

If your children haven’t changed their lifestyle they could develop severe health problems by the time they are starting their lives.  The cost of life insurance could be prohibitive and costly for them when they do apply.

You could buy a $100,000 – 30 year term policy for the kids right now and will provide them with coverage so that they will have insurance policy well into their forties or even their fifties.  This will give them some coverage for their own families down the road.

2. College Aged Kids

What about student loans?  The cost of college and university is expensive and many kids have to run up a huge pile of debt until they graduate and start work.  The average annual cost of tuition runs anywhere from around $13,000 to $36,000 per year depending on the college they attend.  For a four year program that comes to an average cost of between $52,000 to $144,000 in debt that has been racked up.

But what were to happen if they were to die young?  It’s not something that any parent likes to think about, but sadly, tragedies such as accidents and disease do happen.  These debts still have to be paid.  A term policy would be the ideal solution so everybody has that peace of mind.

Save for The Kids Tuition

The other side of the coin is to consider buying something like a universal life insurance policy and start a savings plan while they are still young.  A permanent life insurance policy like a universal policy has a cash value accumulation feature which can be taken out as a loan down the road.

You start the policy when they are young and then you have the advantage of a non taxable savings feature which builds over time from both the premium and the interest earned.  Depending on the amount of life insurance you buy, this could easily build up to $50,000, a $100,000 or even more.

The children can use this cash value and either take the money out as a loan or even surrender the policy completely to pay off college debts or even use the money to buy a home or start a business.  It’s a great way to give them an early and welcomed financial boost in their young lives.

3. Affordability

Another good reason to buy life insurance for the children right now when they are still quite young is that the policies are very affordable.  You don’t necessarily need to buy a huge policy on your children as the policy can be as small as $5,000 or $10,000 which would only cost you about $5 – $10 per month if that’s all you can afford in your budget.

4. Preparing for Any Eventuality

Nobody wants to think about the worst case scenario and this is something that no parent wants to ponder or even imagine, but even young children die in accidents and terminal illnesses.

If your child were to become terminally ill, it’s simple but terrible fact that the medical bills could be astronomical.  Every parent would do whatever they could to get the best possible medical treatment for their child regardless of the cost.

Even with a medical plan, and getting hit with the double calamity of losing your child in the end, you could also end up being financially devastated from the medical bills which still have to paid.

And lastly, there will be the funeral expenses to consider.  As horrific as this worst case scenario sounds, it is something which is possible, and is something which we should think about preparing for now rather than when it is too late.

 Where Can I Find an Affordable Life Insurance Policy for My Children?

You always want to talk to an independent agent like myself.  We can access and research dozens of companies so you are assured we will find the best policy at the most affordable rates.  Whatever your concerns, we can give you valuable advice and help you to find a policy that suits you.

Whatever your needs or questions then please call me direct at 877 – 966 – 9383.

Getting Life Insurance with High Cholesterol

Buying life insurance and are concerned because of your cholesterol levels?

If you have high cholesterol, or even if you are taking medication for high cholesterol, the first thing you should know is that not all life insurance companies are the same.

The underwriting requirements used by different life insurance companies vary considerably.

So, don’t be discouraged if you’ve had problems when applying for life insurance.  I’ll give you the scoop on how life insurance companies treat people who have cholesterol issues.

What do the Cholesterol Numbers Mean?

Many people are confused in how their cholesterol numbers are interpreted.  Life insurance companies are concerned about your cholesterol scores and especially if you happen to taking medication to control the levels.

Since cholesterol is usually expressed as LDL, HDL and Triglycerides, I’ll explain what they mean first since many people aren’t really sure.

LDL Cholesterol – LDL stands for low-density lipoprotein and is often known as ‘bad cholesterol’.  With LDL, if you score less than, or between 100 -129, this is considered optimal.  Anything more is considered too high and ideally you want to score less than 70.

Most Doctors prefer your numbers come in at less than at least 100

HDL Cholesterol – HDL stands for high-density lipoprotein and is considered the ‘good cholesterol’.  A score of 60 or more is considered optimal.  For males, a score of less than 40 is considered a high risk, and a score of less than 50 for females is considered a high risk for heart disease.

Triglycerides – These are the fats which are transported in the blood after we consume food which then become triglycerides and are stored in the fat cells.  Less than a 150 score is considered normal.  Anything more puts you into the higher risk category.

The majority of doctors prefer that your total score for all 3 levels be no more than 200.  For those people who have cholesterol numbers which put them at risk, there are a variety of specialized medications that doctors can prescribe to control and lower these numbers.

It is also vital that people look at their nutrition intake and help the process of lowering their cholesterol numbers through dieting, exercise and eating healthier foods.

Many, if not most life insurance companies are most concerned with both the LDL and HDL levels, but a few life insurance companies focus just on HDL levels.

What if Are Taking Cholesterol Medications when Applying for Life Insurance?

You might be wondering how life insurance companies react if you have already been prescribed medication to control your cholesterol.  The first thing I have to tell is never to lie to the insurance company and say you are not taking medication.  Life insurance companies routinely research Rx (prescription) data bases so they will know about your medication.

How the life insurance will view you if you are taking medication will depend on the type of medication you have been prescribed, the length of time you’ve been taking it, and the dosage.

I’ll be quite frank and say that some companies will shy away from you completely when reviewing a life insurance application, while other companies will rate you higher which means a higher premium.  However, the good news is that there are plenty of companies that have more tolerant underwriting approaches when it comes to cholesterol.….(continued on page 2)

Want to learn more about ING Life Insurance Company?

We will give you a breakdown of our review of this life insurance company so you will know more about it and give you some of its strengths and weaknesses.

If you are thinking about getting your life insurance policy with ING, then please keep reading.

Company Overview of ING Life Insurance Company

ING is actually a multinational banking and financial company which began in Holland and has its world headquarters based in Amsterdam. The company officially became known as ING in 1991.

The company’s history with U.S. life insurance actually has it roots going back to as far as 1885.  ING’s parent company in the U.S. is called ING American Insurance Holding Group.  It consist of several companies which it purchased in the mid 1970’2 including Security Life of Denver, Life of Georgia (which was later sold), Equitable of Iowa, Furman Selz, and Relia Star located in Minneapolis.

The headquarters for ING American Insurance Holding Group is based in New York City, N.Y. so the company has a long and established historical base in the U.S.

Financial Strength of ING Life Insurance Company

One of the surest ways to know if your life insurance company is a good choice is to know its financial strength. This is important if you want to know how stable a company will be and has the ability to pay its claims.

Because a life insurance policy is a long term commitment it’s always best to see how a company is rated by the financial rating companies in the U.S.

Financial Strength of ING from Rating Companies

These ratings are valid as December 9, 2011.

Rating Company                A.M. Best          Fitch            Moody’s           Standard and Poor’s
Rating                                         A                    A-                 A3                       A+
Explanation                           Excellent         Good             Strong                 Strong
Rank                                         3rd                   7th                 7th                     7th

Overall, ING Life Insurance Company scores very high and is considered a financially solid and stable life insurance company.

Products Offered by ING Life Insurance Company

ING Life Insurance Company offers a broad range of life insurance products which the buyer can select from which gives you versatility in getting a plan that is most suitable to your life insurance needs….…(continue to part 2)….

Life Insurance for 18-30 Years: Important Considerations

If you’re between the ages of 18 and 30 years old, now is the perfect time to buy life insurance.

Why? Because life insurance is incredibly cheap and affordable for anyone in this age group.

Life insurance is an investment for your future, and even though you don’t think you need any right now, you’ll be sorry if you wait too late in life to buy it.

How Expensive is Life Insurance?

I did some research on term insurance. I looked at what it would cost per month to buy a $100,000 term life policy and compared the rates which you would pay for a 10 year term, a 20 year term, and a 30 year term policy. These rates are for someone who is a non-smoker and in good health

$100,000 Term Life Insurance Quotes for Ages 18 – 30

Age                               10 Year Term        20 Year Term          30 Year Term

18 Year Old Man                   $7.26                 $9.43                        $12.51
20 Year Old Man                   $7.27                 $9.43                        $12.51
22 Year Old Man                   $7.27                 $9.43                        $12.51
24 Year Old Man                   $7.27                 $9.43                        $12.51
26 Year Old Man                   $7.27                 $9.43                        $12.60
28 Year Old Man                   $7.27                 $9.43                        $12.78
30 year Old Man                   $7.27                 $9.43                        $12.86

(Disclaimer – These rates are effective as of January 15, 2013)

As you can see from the above quotes that when you’re young, life insurance is very affordable whether you buy a 10 year term or a 30 year term life insurance policy.

Why do I Need Life Insurance if I’m Between 18 – 30 Years of Age?

There are plenty of good reasons to buy life insurance at a young age. First and foremost is the simple basic fact that life is uncertain. Accidents happen, and anyone at any age can be stricken with a life threatening illness.

Many people in your age group are just finishing your education and are just starting your careers. This also the time in a young person’s life when you begin to settle down, marry, have children and invest in buying a home.

You also begin to rack up debt through personal loans such as to buy a car and other big ticket items. You also begin to use credit cards.

So, the question you have to ask yourself is this – What would happen if I were to suddenly die in an accident or get a fatal illness? Who’s going to pay for the funeral and death expenses, medical bills, credit cards, the mortgage and my loans?…(continue to part 2)

Top 10 Causes for Life Insurance Declines and Premature Death in Men!

We men ofteBlood Pressure Commonly Affects Men's Health and Life Insurance Ratesn take the attitude that ‘if it ain’t broke, it don’t need fixing’.

I hate to tell you guys, but that attitude is putting us in the ground long before we need to be planted.

So, what are the top 10 health issues for men?  I’ve compiled a list of to 10 ‘biggies’ that are helping us meet the Grip Reaper far too early.  You want to pay attention, because they kill roughly 1 million men a year.

Please note we can help you get life insurance even if you’ve already been diagnosed with most of these.  Call us at 877-996-9383 for a quote.

1.  Heart Disease

Yup, that’s still the biggest killer out there.  On average, heart disease kills over 300,000 men every year.  You know, what’s really bad about this ugly statistic is that 25% of these men are between the ages of 35 – 65 years old.  That’s way too many for this age range.

The biggest causes of heart disease are high cholesterol, high blood pressure, cigarette smoking, obesity, inactivity, and drinking too much alcohol.

You know what’s even worse?  Only 3% of you guys out there practices the 4 things that can have save many of you guys and whittle this needless statistic down. All you have to do is eat right, stuff out those butts, lose some weight and get some exercise.

Click here for Life Insurance with Heart Disease

2. Cancer

Sure, there are plenty of different types of cancers and causes for these cancers.  You might be wondering what you could do as you might think the ‘Big C’ is out of your control.

Well, think about this little statistic.  About 50% of cancer in men comes from 3 different types which are 1) Lung cancer (31%)  2) Colorectal cancer (10 %)  3) Prostate cancer (9%).

These 3 types of cancers are something you can do something about because you can 1) Quit smoking  2)  Get a colonoscopy  3) Get a prostate exam.  These 3 things alone can either help you avoid these types of cancers or find them early enough to get treatment.  You might grimace about the last 2 exams and say ‘I’ll pass’, but all that does is make the Reaper grin a bit more broadly.

If you’ve had many types of cancer, you can still qualify for life insurance, in many cases immediately after successful treatment (breast, prostate), or in most cases, 1 year post-treatment.  Call us for a quote at 877-996-9383.

Click Here for Life Insurance with Cancer

3. Unintentional Deaths

Bravo guys!  This type of stat is wholly unique to our gender.  If you get a kick out of taking unnecessary risks, there’s a fair chance this one will help you take the big sleep well before your time.

What’s the biggest cause of this grim little statistic?  The answer is motor vehicle crashes.  Think about that the next time you get impatient about passing a transport truck on the up portion of a hill, because the Reaper loves the roads too.

Had excessive tickets or even a DUI?  We can still help you.  Call us today!

4. Strokes

A lot of you guys might think this is something you don’t have to worry about until old age.  Think again, because almost 25% of all strokes occur under age 65.

So, what are the main contributing factors to strokes?  The big six include inactivity, obesity, high blood pressure, cigarette smoking, high cholesterol and diabetes.  There’s a lot you can do to avoid this nasty way to die.

We can help you get life insurance after a stroke too.  Call 877-996-9383.

Can I be Approved for Life Insurance after Cancer?

A couple decades ago, the statistics of surviving this terrible disease was grim, which made the prospect of getting approved for life insurance after cancer nearly impossible.

But what about now?

Cancer still claims the lives of over a half million people per year, and it’s projected that over 1.6 million American will be diagnosed with cancer this year alone.

The good news is that more and more Americans are surviving cancer and even defeating the disease. New treatments and medical technology are slowly but surely making headway in beating back the disease, especially with early detection, and lengthening life expectancy.

Some cancers are more treatable than others, and surviving, if not total remissions, are becoming more commonplace for some types of cancer such as prostate, breast cancer and melanoma. Success rates for other cancers such as lung and pancreatic cancer are still tragically limited.

Cancer and Life Insurance Companies

Even a few years ago, life insurance companies wouldn’t have given you the time of day if you even mentioned you had been diagnosed with the ‘Big C’. That was then, and times have changed.

Life insurance companies have also taken note of the increased survivor rate of cancer patients. They have a much better understanding of the type of cancer, cancer grade, stage of cancer and treatment plans.

The premiums for obtaining life insurance if you’ve been diagnosed with cancer were once through the roof, and most cancer survivors may not have been able to afford the cost of a policy.

Even the cheapest form of life insurance which is term insurance wouldn’t have been affordable for many.

It’s important to remember that not all insurance companies are the same. Some are still very stodgy where cancer is concerned, but many more insurance companies are more progressive when it comes to issuing life insurance to those who have been afflicted with cancer.

Today, most insurance companies follow the guidelines and access the database provided by the National Cancer Institute which has the acronym SEER (Surveillance, Epidemiology, and End Results). This information is submitted by Oncologists and researchers on over 3 million cancer patients.