Some life insurance companies will not even take into consideration a family history of cancer if the cancer is not applicable to your gender
Wheeling, IL (Vocus) September 21, 2010
AccuQuote, a leader in providing term life insurance to people across the United States, explains what gender-specific cancers have little or no underwriting effect on a consumer’s life insurance rate class.
Many health factors affect the life insurance underwriting process. Family health history is considered as a factor during the life insurance underwriting process to determine a consumer’s risk of hereditary tendencies toward developing certain illnesses. A family history of poor health will typically indicate a higher than average life insurance rate. Alternatively, the healthier one is and the cleaner their family’s health history is, the cheaper their life insurance rate will be.
Cancer is another factor that generally affects the life insurance underwriting process. However, some gender-specific cancers have little to no effect on a consumer’s life insurance rate. For example, men with family histories of ovarian cancer or women with family histories of prostate cancer typically do not pay more for life insurance.
“Some life insurance companies will not even take into consideration a family history of cancer if the cancer is not applicable to your gender,” says Byron Udell, founder and CEO of AccuQuote.
Following are gender-specific cancers that may not have an effect on a consumer’s life insurance rate:
- Ovarian cancer
- Cervical cancer
- Prostate cancer
- Uterine cancer
- Testicular cancer
- Breast cancer
“You shouldn’t be penalized for having a family history of cancer, especially if you don’t even have the ability to develop certain types of cancer,” says Udell. “That’s why many life insurance companies have adopted the practice of more lenient underwriting when it comes to cancer.”
AccuQuote represents the top one percent of life insurance companies in the country. Many of these companies do not charge consumers a higher rate for having gender-specific cancers in their family history. Contact AccuQuote at 888-314-4455 to find out more about gender-specific cancer underwriting.
AccuQuote helps consumers find the best values in term life insurance by combining instant online life insurance quotes with the personal service of unbiased life insurance professionals who will help answer questions, identify important issues and make meaningful recommendations. The company offers consumers an extensive selection of life insurance products, including term life, whole life, universal life, accidental death, long-term care, disability and selected annuities. AccuQuote.com has many handy insurance tools, including a term life insurance calculator to help consumers determine their life insurance needs, a glossary of industry terminology, a collection of articles and press releases that cover many life insurance topics and a blog that provides discussuon on life insurance and personal finance. For additional information or to get free quotes for low cost life insurance, please call AccuQuote at 1-888-314-4455.