AccuQuote Announces Some Gender-Specific Cancers Don't Affect Life Insurance Rate
AccuQuote, a leader in providing term life insurance quotes to people across the United States, reveals several gender-specific cancers that have little or no effect on a consumer's life insurance rate class.
- (1888PressRelease) September 01, 2010 - Wheeling, IL - The multi-carrier life insurance quoting and brokerage firm is proud to represent top-rated life insurance companies that do not consider gender-specific cancers during the life insurance underwriting process.
Health Factors Affect the Life Insurance Underwriting Process
Family health history is considered a factor during the life insurance underwriting process. Why? It determines a consumer's risk of hereditary tendencies toward developing certain illnesses. A family history of poor health will typically indicate a higher than average life insurance rate. Alternatively, the healthier one is and the cleaner their family's health history is, the cheaper their life insurance rate will be.
Cancer generally has a large impact on a life insurance applicant's underwriting decision. However, some gender-specific cancers have little to no effect on a consumer's life insurance rate. For example, men with family histories of ovarian cancer or women with family histories of prostate cancer typically do not see a dramatic increase in their life insurance premiums.
"Some life insurance companies will not even take into consideration a family history of cancer if the cancer does not apply to your gender," says Byron Udell, founder and CEO of AccuQuote. "We represent some of these life insurance companies and are frequently able to find consumers low life insurance rates even with a family history of cancer."
Following are gender-specific cancers that may not affect a consumer's life insurance rate:
• Ovarian cancer
• Cervical cancer
• Prostate cancer
• Uterine cancer
• Testicular cancer
• Breast cancer
"We believe you shouldn't be penalized for having a family history of cancer, especially if you don't even have the ability to develop certain types of cancer," says Udell. "That's why many life insurance companies have adopted the practice of more lenient underwriting guidelines when it comes to cancer."
AccuQuote represents the top one percent of life insurance companies in the country. Many of these companies do not charge consumers a higher rate for having gender-specific cancers in their family history. Contact AccuQuote at 800-442-9899 to find out more about the life insurance underwriting process.
About AccuQuote
AccuQuote helps consumers find the best values in term life insurance by combining instant online quotes with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a life insurance needs calculator to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance, and a blog which answers many questions about life insurance. For additional information or to get quotes for cheap term life insurance, please call 1-800-442-9899.
For more information visit http://www.accuquote.com/
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