Long-Term Care Insurance and Breast Cancer

by | Mar 26, 2019 | Health Conditions

Long-term care insurance and breast cancer may not seem like they go together. Shopping for a long-term care insurance policy may seem confusing especially if you had breast cancer. Getting long-term care insurance with a history of breast cancer is possible if you work with a long-term care insurance specialist that will help you shop for a policy. 

If you had breast cancer, a long-term care insurance specialist will ask you the following questions to determine if you can qualify for a long-term care insurance policy and calculate your premium:

When were you diagnosed with breast cancer?

What stage was the cancer?

How was it treated?

Did the cancer spread to another part of your body?

Have you had any recurrence of breast cancer?

It’s usually OK if you’re taking hormone therapy like Tamoxifen (Nolvadex), Anastrozole (Arimidex), Letrozole (Femara), Exemestane (Aromasin), Goserelin (Zoladex),etc…

Can I qualify for long-term care insurance if I had breast cancer?

If you had breast cancer you can probably qualify for long-term care coverage. We’ve even had a few clients get a preferred health discount since their breast cancer was caught at a very early stage. Every insurance company has different criteria to determine who they can insure and what “underwriting class” you’ll qualify for. It’s important to work with an experienced, independent agent who is familiar with the four main types of long-term care coverage. An independent, long-term care specialist can recommend the perfect policy for you based upon your specific cancer history.

Which type of long-term care policy should I buy if I had breast cancer?

There are four main types of long-term care coverage: traditional long-term care insurance, long-term care partnership programs, life insurance with long-term care riders, and annuities with long-term care riders. The best type of policy for people with breast cancer is usually a traditional long-term care policy or a long-term care partnership program. However, everyone’s situation is unique. Click here to try our proprietary “Policy Finder” tool (no phone required). It will give you an instant ranking of the four types of policies based upon your answers to a few short questions.

Which type of policy is right for you?

No phone required.
Custom quote in 2 hours.
Instant ranking of the 4 types of long-term care coverage.

Will I pay more for long-term care insurance if I had breast cancer?

Every long-term care insurance company is different. Some long-term care insurers may charge applicants with a history of breast cancer the same rate as someone with high blood pressure. Other insurers may charge applicants 10% to 25% more if they had breast cancer. That’s why it’s important to work with an long-term care insurance professional who can help you shop around and compare several different policies. 

Can I qualify for long-term care insurance if I have a family history of breast cancer?

Yes, you can qualify for long-term care insurance if you have a family history of breast cancer. Most long-term care insurance companies are not concerned when there’s a family history of breast cancer.

Can I qualify for long-term care insurance if a genetic test shows I may develop breast cancer?

We always advise our clients to apply for long-term care insurance before they get genetic testing. If you have a genetic test that shows you could develop breast cancer, you will probably still be able to qualify for long-term care insurance. To make sure, click here to schedule a 15-minute conversation with one of our long-term care insurance specialists (no obligation). 

If I had breast cancer will I have to take a physical in order to qualify for long-term care insurance?

Some long-term care insurers do not require a physical if you had breast cancer. Most long-term care insurance companies will review your medical records, including those from your oncologist, in order to determine if they can insure you. Ask your long-term care insurance specialist what underwriting criteria each company will use before deciding which long-term care insurance policy is best for you.

Can I qualify for long-term care insurance if I’ve already applied for and been denied coverage due to breast cancer?

Long-term care insurance specialists have less than 20% of their applicants declined. Insurance “generalists” have about 50% of their long-term care insurance applications declined. With over 25 years of experience, we can pinpoint exactly which company (and which type of policy) you’ll be able to qualify for. We have about an 80% success rate in helping our clients get approved even if they were previously declined. For our clients with a history of breast cancer we’ve had over a 90% approval rate. 

Request a 15-minute phone call from an LTCi specialist. No obligation.

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