Does Life Insurance Cover Death By Cancer?
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482Yes it certainly can. The application will include questions regarding your health history and current health status. If the policy is medically underwritten, then your Doctor (s) will be contacted to provide a detailed attending physician's report used to substanciate your health and history. You need to work with your Insurance Professional and ask specifically about any pre condition clauses or contract limitations with regard to pre existing conditions. But if you were underwritten for and received a Life Insurance policy and met all of the conditions of the company issuing it at the time, and then years later were diagnosed with cancer, baring any other circumstances, if you died as a result of your illmess, the company would pay the proceeds to your designated beneficiary.Answered on October 28, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Yes, life insurance covers death by cancer. A person who purchases a life insurance policy must honestly present their health details at the time of applying, and the insurance company may order medical records. After that, the policy is approved to cover death by all reasons, except suicide in the first two years. Sometimes people will opt for a rider that excludes death due to being a pilot. But there is rarely an exclusion for cancer. Unlike Accidental Death Insurance that covers only accidental death, Life Insurance covers death by all accidental AND natural causes, including cancer.Answered on October 28, 2013flag this answer
1330 POINTSview profileMark TaylorLicensed Life Agent, Life and Finance/ 50 States, New YorkYes, Life Insurance does cover death by terminal illness. Life Insurance policies have a clause for an accelerated payment and waiver premium if the policyholder becomes terminally ill which can help to pay for the medical treatments. There is also insurance for critical illness which pays for treatments and is distributed in cash lump sum tax free or by treatments. The protection is for Heart Attack, Stroke, Kidney Failure, and Cancer. Due fp the statistics 1 in 4 will suffer from these diseases in their lifetime and will need financial security for treatments and to protect from loss of income.Answered on January 18, 2014flag this answer
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