The "Big C" on an application form will put any life insurance underwriter on alert. But cancer's ultimate effect on an applicant's rate class can range from negligible to substantial.
Just as each cancer case is unique, every insurance company will underwrite the disease differently. For instance, Bloom says New York Life might take six months to a year to monitor some applicants before writing a policy, depending on the location of the cancer, the staging and type of treatment involved.
Goldstein adds: "We do underwrite cancers. There are many, many cancer histories that can be favorably underwritten and some that possibly could be preferred."