Life Insurance for Client with Cancer

[JGold814]

I've got a client (male, age 47, in florida) who was diagnosed with stomach cancer in March 2008. Had surgery in December 2011 to remove the cancer (surgery was successful - doctors believe they removed everything) and is taking chemo pills for the next 3-4 months to make sure it's gone (and hopefully doesn't come back).

Are there any no-exam companies that will consider coverage for this guy after he's done with the pill treatment without a postponement period or only a 1 year postponement period before issuing coverage? Everything I've seen so far is a minimum of 2 years. I thought there was at least one company that had a 1-year postponement instead of a 2-year, but can't remember who it was. Any help is appreciated. Thanks!

 

[Mark]

He can only get graded whole life at this point.

 

[STIBROKER]

Mark is right.....now once 10 years treatment free he is back in the market....

 

[JGold814]

Graded coverage won't work either as treatment for cancer has occurred within the last 2 years. Trying to find a company that only has a 1-year postponement for cancer treatment. I thought I read on one company's app that asked within the last 12 months instead of within the last 2 years...but I can't remember who it was unfortunately.

Are there any guaranteed issue companies that don't require face-to-face for their apps? She's already got a 50k with presidential.

 

[Mark]

Graded coverage won't work either as treatment for cancer has occurred within the last 2 years. Trying to find a company that only has a 1-year postponement for cancer treatment. I thought I read on one company's app that asked within the last 12 months instead of within the last 2 years...but I can't remember who it was unfortunately.

Are there any guaranteed issue companies that don't require face-to-face for their apps? She's already got a 50k with presidential.

A few graded companies ask in the last year about cancer, but most dont. AMerican Amicable will let you have a graded on this person.

Also if the person goes 5 years with no treatment or problems, they can then get term or just about anything with a table rating.

 

[Newby]

He can start now with ANY of the preneed funeral companies and have 70% coverage after 12th month.

The way I sell that is if they want $10,000 coverage and premiums are not the issue (quickness of coverage is) you just sell a $14,300 policy. It will have $10,000 at the 12th month.

He can get immeadiete coverage with American Memorial FE if he applies 12-months after ALL treatments are over.