By Carrie Napoleon, Life Quotes, Inc.

Thanks to myriad treatment options and earlier detection techniques, the diagnosis of “cancer” is not necessarily an eminent death sentence. Nor does a treatable cancer diagnosis preclude an individual from obtaining life insurance.

Roger Palmer, vice president of analysis for Resource Insurance Consultants in Omaha, Neb., says obtaining life insurance after a cancer diagnosis is possible depending on the situation.

While an individual with a terminal diagnosis would not be eligible for traditional or high-risk insurance, someone with a prognosis for recovery would likely be insurable and the longer the individual remains cancer-free, the lower the rate will be.

“If an individual can go five years without a recurrence their rates could be pretty close to standard,” Palmer says. The experts agree.

Many types of cancer in individuals is insurable as long as it is not a far advanced cancer or an incurable one, said Craig Davidson, Senior Medical Director, for The Hartford.

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