October is Breast Cancer Awareness Month. There’s pink all over—in NFL games; on the streets; in the windows of buildings; and even in our office, where I’ve seen some pink streaks of hair (!). I’m all for it. If you read this blog, you know I feel strongly that Life Insurance Awareness Month (September), Long Term Care Awareness Month (right around the corner in November), and Disability Insurance Awareness Month (May) are very worthwhile initiatives, but they should not stop us from promoting and recognizing the importance of these vital products during the rest of the year as well. In other words, EVERY MONTH should be life insurance awareness month. It’s THAT important!
The same goes for breast cancer. It affects way too many women for us just to think about it in October. According to Breastcancer.org, about 1 in 8 U.S. women (about 12%) will develop invasive breast cancer over the course of her lifetime.
But what about getting life insurance if you have or had breast cancer? It’s a meaningful question, and also a newsworthy one (I recently spoke to one nationally renowned personal finance columnist about it and am scheduled to talk with another in a few days).
Well, in the old days, the answer to that question would have been a hard NO. But now, things are different. The two keys here are how long you’ve been cancer-free and what stage your breast cancer is currently in. Another factor that some carriers consider is family history. We have written almost $100 BILLION in coverage, have over 100,000 clients in all 50 states, and have issued over 200,000 policies, so we certainly have experience in this area and know the best approach for a person with breast cancer. There’s not a If we know a particular carrier uses family history as a reason for a rate hike, we’ll steer our client in a different direction. It’s one of the advantages of going through a company like AccuQuote that comparison shops for you, uses a quoting engine, and does the heavy lifting for you.
Here’s a couple bits of information to keep in mind:
- If a parent or sibling has breast cancer already, but you haven’t, the good news is that you still have a good chance of getting life insurance at Preferred rates!
- If your breast cancer was non-invasive, the good news is that you can likely get a nice life insurance policy NOW (the best prices will likely be 3-5 years after you were treated for it)
If you or someone you know have or had breast cancer, we might be able to get you covered. Like anything else in life, you’ll never know if you don’t ask. So give us a call!