Let’s take a look at an example of what you could end up paying for life insurance with prostate cancer.
In our example, Jon is a 62-year-old man who is applying for a $250,000 policy for a 15-year term. Based on this information and a rating of sub-standard class Table 2, the best price is with Banner Life Insurance, …
… will cost around $242 per month.
Just for the record, a 10-year term life insurance policy for the same amount would be around $171.06 per month with Banner as well.
Now, let’s say it is discovered that Jon has been cancer free for over five years and is otherwise healthy. With this scenario, he may get standard rates. For a 10-year, $250,000 policy, his best rates will be with Banner Life…
…at $138 per month.
For a 15-year term, SBLI will offer the best rate at $192.05 per month.