More and more people today are going to look for cancer life insurance. Life insurance is becoming more sought after and for good reason because it’s necessary to have. You never know what could happen and to be honest, anyone at any time can be struck by any illness which is why it’s vital to have some form of life insurance. However, when you are diagnosed with cancer then it’s more than vital to have life insurance just in case the worse should happen. Of course, you want to ensure your family are provided for when you’re gone even if you’re only in your twenties but what is the real waiting period for cancer and life insurance?
Have You Finished Your Treatment?
First things first, have you actually finished your cancer treatment? Now, many companies may offer you some form of life insurance when you are currently being treated for cancer, however, it can vary. If you haven’t finished your treatment then companies may be a little wary in offering your life insurance. Sometimes, companies may not offer a policy unless you have successfully completed treatment but again, every company is different so it’s best to enquire about this first before looking at life insurance over 50 in Portland.

A Small Waiting Period
In many cases, once treatment is completed and there has been a set amount of time, say between thirty days and twelve months, the policy becomes active as this is the standard waiting period. Most of the time however, companies will offer you a policy within a matter of weeks rather than months but it can vary significantly when it comes to getting cancer life insurance.
Waiting Periods Vary
Let’s say you lived in Illinois and you wanted the cash in on any life insurance policy; you would have to wait over thirty days before benefits would be paid. If you have finished your treatment and were given the all clear and during the time of the application waiting period, there was no sign of cancer the policy would become active. However, if there is any cancer detected or diagnosed during this probationary period you will not be covered for your life insurance over 50.
Waiting Periods between Your Final Treatment and a Policy Becoming Active Can Change
Depending on who you are, and what type of cancer you were treated for, the waiting period can vary. Sometimes, the waiting period can be a short few months, then again, in other circumstances it can be a matter of years. This can vary significantly and it’s something which varies from state to state and policy to policy. In most cases, the cancer life insurance isn’t too lengthy waiting period.
- Different Policies Have Different Waiting Periods
- The Date Of Your Last Treatment And When You Applied For Insurance Can Be A Lengthy Period
Wait For the Waiting Period and Get Cover
It doesn’t matter how long the waiting period may be, you should look at getting good insurance cover. You do need to have peace of mind that your family are covered should anything happen to you and it makes good sense. If your family doesn’t have the cash to pay for medical bills or funeral expenses, it can mean taking out a loan which means debt, that is a big problem but that is why Portland cancer life insurance is worth considering.