Long-Term Care and Life Insurance after Breast Cancer
Sandra didn’t have personal life insurance or long-term care insurance when she was diagnosed with breast cancer at age 47. She was still working at the same company where she had been employed for over 25 years when she could no longer function at work. Even the most basic and menial tasks became excessively difficult and frustrating as she attempted to perform them to the best of her ability.
Forced to take an early retirement and leave her job along with her benefits, including life insurance, chemotherapy and radiation treatments took their toll. Her youngest son, barely a teenager at the time offered little support and understanding. Self absorbed with his own agenda, he couldn’t see the danger of the situation, the life-threatening condition that had befallen his mother who had always been there for him. Now, where was he when she needed him?
Through means greater than he, the young man was fortunate enough to have a strong mother that overcame her condition and move on with her life. She even found a part-time job and provided many volunteer services throughout her community. Yes, Sandra was one of the few to walk away unscathed with a clean bill of health and no reoccurring issues (to date).
Years later that same son grew out of himself and became an insurance advisor who was able to offer his mother life and long-term care insurance products. Most companies in those industries will offer life and long-term care insurances to cancer survivors if a certain time period has elapsed since the cancer has been free and clear from the body. Depending on the stage of the cancer at its peak, carriers can decide if coverage can be offered and if any substandard ratings would apply.
In most cases, a stage 0, 1, or 2 form of breast cancer after 2 years clean will allow you to apply for life insurance and LTCi at standard rates. Stages 3 and 4 breast cancer, will often require 5 years clean and in some cases may incur a small substandard rating.
Not every cancer case has a happy ending, just ask the thousands every year that lose loved ones to the dreaded condition. We shouldn’t wait until it is too late to look into long-term care and personal life insurances. Our health IS NOT something we should take for granted. My mom has been fortunate, but don’t let the good moral of this story prevent you from doing what is right. Get quoted on these valuable forms of protection today before not after a disaster could strike!
About the author: Kyle McDonald holds FIC, FICF, FSCP® & CLTC designations. His viewpoint on life insurance is simple, “Anyone with a family must have life insurance. In the end, life insurance is for others you care about, not you.” He is ready to help you and your family get the best option available. Contact Kyle today at 1-800-651-1953 or KMcDonald@Pivot.com.