The following is my answer to a Quora question: “Can
your term insurance policy get rejected if one of your parents had died, at an
early age, from cancer?”
If that is the sole consideration, that is highly
unlikely, and I have never personally seen it happen. The insurer defines early onset as being
diagnosed before age 65 years. They
consider the parents, siblings, and children only. It would be a concern to the underwriters if
multiple members in this group have the same specific condition. That would imply an inherent genetic
condition, or an environmental concern, which may consider them to relook people
in the same area.
If there is a family history of that specific cancer,
the policy may be offered with modified terms of coverage. These modified terms may decline to cover
specific medical conditions, reduce coverage, or factor the increase the risk
affecting the premium rates. However, if
it is solely a parent, in the case above, the policy would likely be offered at
standard rates, assuming the life insured has not other risk for the
underwriters to consider.
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