Life Insurance with Melanoma

life insurance with melanoma

Shopping for life insurance with Melanoma can be difficult for the average person looking to secure coverage. Unlike Basal Cell skin cancer, Melanoma is a type of skin cancer that can be deadly and is typically the most severe type of skin cancer. This is why many life insurance companies may deny you an offer of insurance. However, not every life insurance company looks at you the same. Before you apply, you’ll need to compare life insurance companies for your specific health situation.

Each company’s underwriting criteria is different. This gives consumers with preexisting health conditions opportunities for coverage if they find the right company. Don’t try and do this all on your own, you’ll end up wasting hours trying to find out underwriting info. With that said, life insurance for cancer patients with melanoma is available and we’ll walk you through how to get it.

Buying Life Insurance with Melanoma

When buying life insurance, the consumer needs to understand how the life insurance company operates. Life insurance companies are assessing risk with every applicant. When you apply for life insurance, the company will want to know specifics about your health and lifestyle before they offer a policy.

When you have had melanoma, the life insurance companies will be looking for some general health information as well as specific information about your melanoma.

General Life Insurance Health Questions

The following are basic questions that allow an agent to quickly see what rates will be possible for you.

Melanoma Life Insurance Questions

When applying for life insurance after melanoma, your agent will need to know some additional details about your history.

These 12 details can make or break your chances at finding the best company.

  1. When were you diagnosed with melanoma?
  2. How much time has passed since your melanoma diagnosis?
  3. What was the grade and stage of your melanoma?
  4. What was the size of the tumor?
  5. Was metastasis present?
  6. Were your lymph nodes involved?
  7. Was there a missing layer or ulceration of your melanoma?
  8. How fast were your cancer cells dividing – the mitotic rate?
  9. Any recommended follow up visits by your doctor?
  10. How much time has passed since your last treatment?
  11. Any recurrence of your melanoma?
  12. Are there additional health problems?

Life Insurance Skin Cancer Overview

You’re probably pretty familiar with skin cancer, but let’s dive into how life insurance companies will be looking at your health condition.

There are 3 basic types of skin cancer that life insurance companies see:

  • Basal Cell Carcinoma
  • Squamous Cell Carcinoma
  • Melanoma

Melanoma is the most dangerous and is mostly found on your skin. It’s going to be the most difficult skin cancer to get approved for and will also be the most expensive.

Melanoma Risk Factors

Melanoma can occur whether you’re young or old, male or female – it can happen you everyone. However, there are factors that may cause you to be a higher risk.  These factors are:

  • Fair complexion
  • Dysplastic/Atypical moles
  • Exposure to ultraviolet light
  • Family history
  • Immune suppression medications
  • Multiple moles (benign)

Preparing for the Life Insurance Application

Before you apply for life insurance, make sure you’re working directly with an independent life insurance agent. This is key when trying to secure life insurance with a health condition like melanoma. 

An independent agent isn’t bound to just one company – they have access to multiple companies. They also have access to multiple types of life insurance. At Life Insurance Blog, we work with over 60 life insurance companies in order to find the ones that give you the best chance of finding life insurance.

We will take the time to ask you the right questions in order to provide you accurate quotes before you apply. This is key to finding all the companies that give you the best chance at an offer instead of a denial. When you speak with us, we’ll gather the “General” and “Melanoma” life insurance information from you and begin to research all of the the companies.  Some companies may deny and some may offer.  We’ll be looking to see who will offer and who will provide the most competitive rates to meet your goals and budget.

Melanoma Life Insurance and Underwriting

Once we have found the companies that give you the best chance at offering life insurance – you’ll submit the application.  At Life Insurance Blog, we shop for you before you apply and even after we receive the final outcome!

Once your application is submitted, you may need to complete a medical exam. This is called a fully underwritten life insurance policy. There are also Non Medical exam life insurance policies on the market and we will provide you those options as well if they are available. Now if a traditional policy is unlikely to be offered, there are Final Expense policies and guaranteed issue life insurance policies available.

Your medical exam is very similar to a yearly checkup with your doctor.  The examiner will take your height/weight, blood & urine sample, and blood pressure. This will be sent to the life insurance company and the underwriting process begins. The life insurance underwriter will analyze the medical exam results and also request past medical records and medications. All of this information is used to determine your health class rating which will effect your premiums.  If your situation is too risky for the company – they may deny you a policy altogether.

Life Insurance – The Easy Way to Buy

Life insurance after skin cancer is possible, but don’t try and do all of this on your own. At Life Insurance Blog, you will be provide you own personal agent. Your agent will be dedicated to you from start to finish. From gathering and researching the best companies, to putting in the application – all the way to the approval.

At Life Insurance Blog we have our own medical underwriter available to help with researching your case and making sure that you’re applying with the best company. You will receive updates from our back office support throughout the underwriting process so you are always informed on how your application is progressing. Once the final outcome is received, we will make sure that the offer is still the best available. We are able to shop the final outcome and make sure it is meeting your goals and budget.

Please give us a call today at 888-411-1329 so we can help you. Thank you for reading our article, Life Insurance with Melanoma. Pleas leave a comment or question below.

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Michael Quinn LIB

About Michael Quinn

Michael Quinn is the cofounder of Life Insurance Blog and a multi-state licensed life insurance agent. LIB has helped thousands of people understand life insurance and secure affordable coverage.

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