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Question 2 of 10 in Miscellaneous Questions |
I was treated for cancer about 8 years ago and the physicans have said that I was completely cured. Can I be turned down for coverage? |
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This varies by company. Each life insurance company has its own standards for underwriting. While one company might approve you at the standard rate, another might charge a higher than standard rate. Another might turn you down. Fortunately, since there are over 3000 companies in this business, you have a good possibility of finding one that will cover you. Also, there are some companies that promise guaranteed issue of an insurance policy despite your health problems. These companies usually limit the amount of insurance to a few thousand dollars and their rates tend to be high. Also, the policy may be limited to a refund of premiums and interest if death occurs during an initial period of several years. But after the initial period, the policy will be in full force. |
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