Hartford Financial Services Group Inc. said it is the first U.S. insurer to offer life insurance at standard rates to men age 60 and older who have undergone surgery to treat moderate levels of prostate cancer.
Previously, cancer survivors often had to wait up to three years to become eligible to buy life insurance, and they then had to pay more for their coverage for five years, the Simsbury, Conn., firm said Monday.
Under the firm's new underwriting guidelines, standard rates are available to men treated for moderately aggressive cancer that is confined to the prostate and has been surgically removed.
The rates are available for variable universal life, universal life, whole life, and term life policies issued by Hartford Life Insurance Co. and Hartford Life and Annuity Insurance Co.
Last year the firm became the first U.S. insurer to offer life insurance at standard rates to women age 40 and older who had been treated for early-stage breast cancer.
