Leukemia is perhaps one of the scariest forms of cancer. It causes the body to create an abnormal amount of white blood cells, which, in turn, has an adverse effect on one’s bone marrow. There are four different types of the disease and they are generally characterized by what type of blood cell is affected and how quickly the leukemia develops. Even though one’s diagnosis with leukemia usually affects one’s chances of receiving the potentially best life insurance rate possible, leukemia life insurance may still be available for those that understand where to look. The following article will provide you with the information you should know when trying to find leukemia life insurance.
The state of your Leukemia
If you are currently undergoing treatment for leukemia, then you may be more likely than not to be denied a life insurance policy. Usually the best time to search for leukemia life insurance may be when your disease is in remission. However, due to the severity of your disease, it may take upwards of 10 years before insurance companies are able to offer you quality leukemia life insurance rates. You should seek out a specialist that deals with finding insurance for cancer patients, so that you can better understand when to start your search.
Type of Treatment
Leukemia is typically treated through either radiation, chemotherapy, bone marrow transplants or some combination of those options. Insurance companies may want to know what kind of treatment you received and for how long. Since the type of treatment you undergo may have an effect on your leukemia life insurance rate, it may be advisable to get good records of anything related to your treatment process.
Things to Consider
Since insurance companies often have a hard time underwriting leukemia patients, it may make sense to look into graded policies. Graded policies are those in which you start out paying a lower premium, and then the premiums increase over time. If you happen to die in the first few years of the policy, full death benefits are unfortunately not given out. However, such an option could be a good idea for those that find leukemia life insurance much more expensive through other means. For more information on graded benefits, please read the article “What is Graded Benefit Life Insurance?”
Also, to try to get the most quality rates possible, follow your doctor’s treatment plans since this may illustrate to insurance companies that you are actively treating your disease and are a very responsible client.
