Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Oct 28, 2021

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The Brief

  • Mutual Life and Met Life are some of the top life insurance companies for cancer patients
  • Getting a guaranteed issue policy is an expensive but more secure option for people living with cancer
  • If you are denied coverage, shop around for other companies that provide cancer life insurance

Getting a cancer diagnosis is a life-changing experience. It can make people think about securing their and their family’s future and life insurance is a good way to do that.

Are there life insurance companies that cover cancer patients?

This is one of life insurance’s most frequently asked questions.

Fortunately, the answer is yes.

While it can be difficult to get approved for a policy there are life insurance companies that take cancer patients. There are many benefits to buying a policy, not just peace of mind. A life insurance policy can financially protect your loved ones if you pass away or even help with medical bills.

This guide will help you pick the best life insurance company for you.

Finding affordable life insurance companies that take cancer patients is as easy as entering your ZIP code into our free tool. You’ll get quotes from life insurance companies that take cancer patients right away with no need to wait.

Life Insurance Companies For Cancer Patients

If you’ve been anxious to find out if you can get life insurance with a cancer diagnosis, rest assured that it is possible. Life insurance for those with cancer is provided by many big life insurance companies.

Coverage is possible, but there are some restrictions. The best life insurance company for you will be one that is easy to apply for and get approved for the type of life insurance you want.

Compare the companies below. Each is rated highly in different areas.

Best Companies for Cancer Life Insurance
CompanyBest For
CignaBest Value and Rate
MetLifeNo-Exam Insurance
Mutual of OmahaCancer plus Critical Illness
Physicians MutualAdditional Riders
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Reading reviews of each can help you decide between companies, like a Mutual of Omaha life insurance company review. To figure out what you should be considering, let’s analyze what policies you should be looking for.

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What types of policies can cancer patients get?

Life insurance for cancer patients comes in a variety of forms. These are the main types of life insurance policies you’ll want to know about.

Term Life Insurance

Term life insurance lasts for a certain period of time. Usually, it is 10 to 30 years. You choose the term when you purchase the coverage.

Permanent Life Insurance

Permanent life insurance covers you for the rest of your life. Most importantly, there’s a cash value to the policy. The longer the policy is active, the more value accrues.

Whole life is a subset of permanent life insurance. It’s also the most popular type of permanent life insurance. Part of its popularity is the guaranteed interest earned.

There may also be dividends which can further be used to reduce the rate you pay.

Guaranteed Acceptance Life Insurance

Guaranteed acceptance insurance is just that: guaranteed. You won’t need to submit medical records, so your cancer diagnosis won’t be a factor.

However, this is one of the priciest types of life insurance. It also usually has a waiting period of two to three years. If you pass away during that time the death benefit won’t be paid.

Some questions to consider are:

  • what are your goals for life insurance?
  • Will you or your beneficiaries need it to have a cash value?
  • Do you want the policy to last your whole life or a set number of years?

Once you know the answers, you can make the right decision for yourself.

How much does cancer patients’ life insurance cost?

Since cancer patients are regarded as riskier to insure, life insurance for them is typically more expensive than someone in perfect health.

Patients with cancer may live shorter lives, increasing the risk that their insurance company may be made to pay out a claim.

The cost of life insurance for cancer patients varies depending on a number of things. Some factors include the person’s age, gender, cancer type, and the policy’s coverage limit.

If you currently have life insurance and develop cancer while the policy is active, you’ll still be covered.

Here are the rate classifications for life insurance and the different factors that can affect a score and the rate you’ll pay.

Life Insurance Rate Classifications
Rate ClassificationTypical Factors Affecting Score
Preferred PlusExcellent health, good family history, normal height/weight
Standard PlusCertain medications and/or family history of certain diseases
StandardHigher Body Mass Index (BMI) and significant family history
Table Rating 1–2 (or A–B)Average health, but may have a prior illness or mild, chronic condition
Table Rating 3–4 (or C–D)>25 pounds overweight, high blood pressure and/or cholesterol, etc.
Table Rating 5–6 (or E–F)Chronic conditions such as diabetes, overweight, abnormal lab results, questionable lifestyle
Table Rating 7–8 (or G–H)Obesity, major health considerations, history of cancer, MS, or Parkinson's, etc.
Table Rating 9–16 (I–P)Least favorable because of multiple conditions, lab results, poor health history
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The higher you are in the table rating, the riskier you are in an insurance company’s view. Cancer is the second-highest level when it comes to ratings.

Getting Denied Life Insurance Because Of Cancer

If your cancer diagnosis was recent, it can be challenging to get approved for a life insurance policy. These are some of the common health conditions that are responsible for the denial of coverage.

Health Conditions and Lifestyles That Can be Reasons for Denial
Health ConditionLifestyle
Anxiety or depressionAlcohol abuse
CancerAviation (Occupational or as a hobby)
DiabetesCriminal activities
Family history of cancer or cardiac arrest before 60Dangerous jobs
Heart diseaseDUIs or reckless driving
Hepatitis CHigh-risk hobbies
High blood pressureMarijuana or drug use
ObesityTobacco Use
StrokeTravel to high-risk areas
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There are certain insurers that may accept you under a guaranteed issue life insurance policy. Your best course of action is to get quotes from as many companies as you can.

That way you can learn about their multiple firms to learn about their rules for accepting someone for coverage, as well as finding out which of their products works for you.

Cancer is among several reasons that an insurance company can use to deny coverage.

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Life Insurance Companies That Take Cancer Patients: The Bottom Line

Now hopefully you know everything you need to know about finding a life insurance company that takes cancer patients.

Use our free tool by entering your ZIP code to find rates from life insurance companies that take cancer patients.