Life Insurance for Prostate Cancer Survivors (Discounts & Rates)
Life insurance for prostate cancer survivors is easier to find than most people expect. Since survival rates for prostate cancer are high, life insurance companies are likely to approve men after successful treatment. Life insurance rates for prostate cancer survivors may be similar to or slightly higher than rates for healthy men.
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UPDATED: May 27, 2021
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- Most prostate cancer survivors can be approved for life insurance
- Some factors that will determine approval and rates include age at diagnosis, treatment type, grade of cancer, PSA levels, and Gleason score
- It will help if you compare rates from multiple companies to make sure you’re getting the best coverage for you
Prostate cancer can be scary for both the person being diagnosed and their loved ones. Many people survive prostate cancer, and getting life insurance for prostate cancer survivors is more accessible than many people expect.
Read more below about the likelihood of being approved for life insurance after cancer, what factors will affect your approval odds and rates, and how to get the best life insurance for you.
If you want to buy prostate cancer survivor life insurance, enter your ZIP code above to compare life insurance companies near you.
Can I buy life insurance for prostate cancer survivors?
Prostate cancer is one of the most common types of cancer found in men.
Approximately one in eight men will be diagnosed with prostate cancer in their lifetime. However, most men that are diagnosed with prostate cancer make a recovery.
While buying life insurance with cancer can be difficult, buying life insurance after cancer (especially prostate cancer) can be easier and more affordable than most people think.
However, each prostate cancer survivor’s life insurance company will have its own views and underwriting guidelines.
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How will my diagnosis affect my life insurance?
Some factors that may affect your life insurance approval odds and life insurance rates include your age at diagnosis, treatment type, stage and grade of cancer, PSA levels, and Gleason score.
The younger you are when you’re diagnosed with cancer, the faster cancer cells can spread.
Therefore, life insurance companies are more likely to approve a prostate cancer survivor if they are over 60 at diagnosis. However, younger men can still expect to be approved.
For those who have their prostate cancer treated with a prostatectomy, you should be able to apply right after surgery.
If you are treated with radiation or brachytherapy, you may have to wait for up to a year before applying to make sure your treatment was successful.
Men diagnosed with stage one or two prostate cancer are likely to receive favorable rates. Men diagnosed with stage three prostate cancer may have to go through a probationary period or have higher rates.
Men diagnosed with stage four prostate cancer are likely to be denied life insurance.
Healthy men should have PSA levels at or below 4.0. At diagnosis, life insurance companies will want your PSA to be less than 20, and if they’re under 10, you may qualify for preferred rates.
After treatment, your PSA levels should be less than 0.1 (or 0.02 for those with a prostatectomy).
If you have a Gleason score of 7.0 or higher, you may have a more challenging time being approved, or you may need to pay a flat extra (a flat fee added on top of your life insurance rates).
Those who are in a waiting period after treatment or can’t get approved for traditional life insurance products (such as term life insurance) may be able to purchase a guaranteed acceptance policy.
How can I get the best prostate cancer survivor life insurance rates?
Unfortunately, many of the factors used to determine your life insurance rates after prostate cancer are out of your control. However, there are some things to do to get more affordable prostate cancer survivor life insurance.
If you have not been diagnosed with prostate cancer, you should make sure you see your doctor regularly to monitor your health.
If you have been diagnosed with prostate cancer, you may want to consider a prostatectomy for life insurance purposes.
Compare quotes from more than one company and consider working with a life insurance agent. Enter your ZIP code below to compare prostate cancer survivor life insurance quotes from companies in your area.