It’s Breast Cancer Awareness Month – a time to consider opportunities for your clients who are breast cancer survivors. Improvements in early detection and long-term cancer treatment outcomes have provided enough evidence for life insurance carriers to revise their underwriting guidelines – resulting in shorter postponement periods and lower extra premiums.
FACT: There is a 99% 5-year relative survival rate for early stage breast cancer.
UNDERWRITING: There are highly regarded companies who offer can offer life insurance right away to individuals ages 40 and up after early stage breast cancer (called Stage 0 or DCIS which stands for ductal carcinoma in situ) has been treated.
Other general guidelines include:
- Stage 1: Postpone for 3 months to 1 year after treatment is completed*
- Stage 2: Postpone for 1 to 3 years after treatment is completed*
- Stage 3: Postpone for 3 to 5 years after treatment is completed *
- Stage 4: Postpone for 5 years after treatment is completed*
*Please note these are general guidelines. Any final outcome will depend upon each survivor’s specific type of breast cancer, age at diagnosis, pathology report details, treatment and follow-up.
What we’d need to know in order to pre-qualify your client for life insurance coverage:
- Age at diagnosis of breast cancer
- Is a copy of the pathology report available? If yes, this is the most valuable information you can provide.
- If the path report is not available, please provide the:
- Type of breast cancer (i.e. adenocarcinoma, intraductal carcinoma, lobular carcinoma)
- Stage of the cancer using the TNM system; T = Size and/or extent of the primary tumor (Ex: TX, T0, Tis, T1-T4); N = The amount of spread to nearby lymph nodes (Ex: NX, N0, N1-N3); M = Indicates any metastasis or spread to other parts of the body (Ex: MX, M0, M1)
- Grade of cancer which is how the cancer looks under the microscope; Can be a number anywhere from 1 to 3
- Type of treatment (i.e. mastectomy, radiation, chemotherapy, Tamoxifen) and dates of treatment
- When was the most recent mammogram? What were the results?
Survivors are living long and productive lives after breast cancer treatment. Each survivor’s history is unique, and this is taken into account when being underwritten for life insurance. Make a difference together with CPS. Contact the CPS Life Underwriting Team for guidance and opportunities to provide financial security to your clients.