Is there any carrier that would cover a cancer pt?

supermomagent007 · 12-09-2008, 01:10 AM

I have a client who is 61 years of age, had cancer 5 yrs ago(lymphoma sorry if its mispelled), He will be released from his dr. this week (cancer free) and is looking for a life policy for $300,000.(mortgage protecion) Is there any carrier that would cover him? He just got denied by assurity (non-med) BUMMER!!!!

somarco · 12-09-2008, 07:32 AM

Hodgkins or non-Hodgkins?

SportsNut · 12-09-2008, 10:04 AM

Some carriers will require 10 yrs from remission for internal C... Also will depend on parents age @ death, if deceased, and cause of death, if C....

Genworth's u/w looked ok, as in indiv consideration, although you are still looking at a hefty table rating, IMO. So 300K, on 61 yo @ a table F or greater... Wow, off the charts. (just a guess on the tabe rating). Just for a sample, for a F, N/S Tbl H, 10 yr term, between 2700-3500 yr. Male is 4300-5500. So as mentioned, it is a salty prem.

I have lost a few impaired risk cases to Lincoln Benefit Life, (a subsidiary of Allstate), with serious health issues. Their ratings were considerably less than most of the "big boys". May be a niche market here.

Suggest you contact BDS Agency as I think they offer brokerage of the Lincoln Ben Life products. Their impaired risk u/w should be able to help you sort this out. Here is their website:

https://www.bdsagency.com/Default.aspx

BTW, the submission of this type of life case to Assurity may not have helped the cause any. You want to pre u/w these cases and avoid the auto-decline, when possible... and with these circumstances, it was a given for decline. Just for future knowledge.

clvndrocks · 12-09-2008, 06:00 PM

LBL requires 5 years in remmission then could be standard based on all other medical info

Marpol · 12-11-2008, 06:56 PM

Originally Posted by SportsNut

Some carriers will require 10 yrs from remission for internal C... Also will depend on parents age @ death, if deceased, and cause of death, if C....

Genworth's u/w looked ok, as in indiv consideration, although you are still looking at a hefty table rating, IMO. So 300K, on 61 yo @ a table F or greater... Wow, off the charts. (just a guess on the tabe rating). Just for a sample, for a F, N/S Tbl H, 10 yr term, between 2700-3500 yr. Male is 4300-5500. So as mentioned, it is a salty prem.

I have lost a few impaired risk cases to Lincoln Benefit Life, (a subsidiary of Allstate), with serious health issues. Their ratings were considerably less than most of the "big boys". May be a niche market here.

H

I agree. LBL is a good choice but with all impaired risk or senior clients you should send in an informal and let your broker shop it with everyone.

Stevekobrin · 12-12-2008, 11:31 AM

Hi, I have placed such candidates before. In some cases I have been able to place prior to five years in recovery.

lifeguard · 01-04-2009, 03:00 AM

There are two companies that I can think of, as long as client has been cancer free fo two years. He can get upto 250,000. If you have not written him yet PM me and I will give you the companies.

loanranger13 · 01-05-2009, 12:31 AM

Please send names & #'s of companies the require 2 yrs cancer free.

Thanks
S.Oliver

tryan326 · 01-05-2009, 02:00 AM

Try Fidelity Life or Presidential Life

Drewrilla · 01-05-2009, 10:24 AM

Typically within 5 years it is a decline regardless of the staging with the majority of carriers.

With relatively low staging, let's say stage 1, could be Table D/4 range after 5 years. But it will be dependent upon type of lymphoma. Non-hodgkins you have a slightly better shot of obtaining coverage.

I agree with some of the other agents: definitely obtain the staging, type, treatment schedule, and medications and shop this one out. Another decline will make it increasingly difficult to find something.

lifeguard · 02-01-2009, 03:29 AM

Fidelity Life or Presidential have a graded death benefit. No medical exam they will take anyone as long as your client pays the price! They can only get 50,000 max coverage!

LRG · 02-06-2009, 12:46 AM

Several companies offer a non-medical simplified WL or UL for small amounts. But with Lymphoma, it may be his best best to take out a couple of those until he is standard.
RNA
GPM Life
Fidelity
Transamerica
American National
All offer this product. All would offer graded with cancer in past 2 years. If not currently under treatment, could even qualify for WL at GPM.

nka245 · 02-07-2009, 09:54 PM

Originally Posted by LRG

Several companies offer a non-medical simplified WL or UL for small amounts. But with Lymphoma, it may be his best best to take out a couple of those until he is standard.
RNA
GPM Life
Fidelity
Transamerica
American National
All offer this product. All would offer graded with cancer in past 2 years. If not currently under treatment, could even qualify for WL at GPM.

I sure hope you keep coming back. Having an underwriter around is soooOOO nice.

inreverse · 02-11-2009, 03:31 PM

GTL has a graded 10 year term, convertable, issued to 70

fina · 10-29-2009, 01:20 PM

Its going to have to be limited indemnity garaunteed issue plans

WinoBlues · 10-29-2009, 04:57 PM

He may have placed this by now.

Originally Posted by fina

its going to have to be limited indemnity garaunteed issue plans

jeanbeach1 · 11-01-2009, 08:37 PM

Originally Posted by supermomagent007

I have a client who is 61 years of age, had cancer 5 yrs ago(lymphoma sorry if its mispelled), He will be released from his dr. this week (cancer free) and is looking for a life policy for $300,000.(mortgage protecion) Is there any carrier that would cover him? He just got denied by assurity (non-med) BUMMER!!!!

I am the same age BC 9 years ago and I got insurance, call Allianz, Midland National, there are several that will cover after 5 years and cleared by doc.