Former cancer patients may find that at times traditional Oregon life insurance over 50 aren’t suitable for them. For those who have suffered from cancer in the past or currently but want life insurance, they cannot really choose the usual standard form of insurance. However, you can still get life insurance; a lot of people don’t realize they can still get insurance after suffering from cancer. What are four life insurance options to choose for former cancer patients?
Term Life Insurance
With term life insurance, you are going to find that you purchase a policy for a specific amount of time. Let’s say you wanted a ten year cover, you probably want more, however, you would specify the amount of time you want this policy to cover you for. This can be really great especially if you are over fifty or have bad health problems. You might find that anxiety & depression life insurance can be easier to find when you know the amount of time you want to be covered for.
Universal Life Insurance
With this type of insurance, you will find that this isn’t able to be cancelled. Once you have a policy on universal life insurance you cannot really cancel it; if you don’t have a permanent premium then you could be able to cancel this, however, if you have this then you cannot cancel it. Getting cancer life insurance in Oregon is possible with universal life insurance and it can be a good option for anyone who has suffered from cancer in the past.
Whole Life Insurance
Cancer life insurance such as whole life is a very popular choice. This comes with a set premium but there is the option of cash value which is really good because it means that if something should happen, your family is able to get all funeral costs covered or hospital bills covered too. This has certainly become popular because it’s a really good option to consider.
Guaranteed Issue Whole Life
This can be good if you have had cancer in the past but now are experience several severe health problems. However, the pay out for these life insurance over 50 policies can be anything up to twenty five thousand dollars. This is guaranteed life insurance however which means that as long as you pay the premiums, your family are guaranteed a payout if you should pass away.
Costs for Insurance Can Vary
- The Type Of Cancer You Had
- The Type Of Treatment You Went Through
- How Long You Had Cancer
When you are choosing cancer life insurance in Oregon for those who’ve suffered from cancer in the past, can find the premium costs can vary. If you have been given the all clear and it has been several years since you were last treated for cancer then the costs can be very low. However, it can all depend on the type of cancer you’ve had and how long ago the cancer was there.
You Need the Right Insurance
You can still get life insurance even if you’ve had cancer in the past; however the type you can get can vary. Though, you do need to get insurance. Yes, you might not think it’s necessary however you never know what’s around the corner so it’s maybe best to be covered for all eventualities. Just ensure you get the right Oregon cancer life insurance.