Why Trust Us
Investopedia research and ratings are entirely independent, with no influence from advertising partnerships. Our team of researchers, editors, and writers created this list after collecting data points related to dozens of criteria from 45 companies. The criteria helped us evaluate each company’s coverage options for cancer patients and survivors, costs, financial stability, and other features important when choosing a life insurance provider.
Investopedia was founded in 1999 and has been bringing readers unbiased life insurance reviews since 2020.
How We Chose the Best Life Insurance for Cancer Patients
To compile our list of the best life insurance companies for cancer patients, we first had to choose which companies to consider. To make our first cut, insurance companies had to meet Investopedia’s standards for online transparency, financial strength, and customer complaint ratings. We commissioned a consumer survey about life insurance, and consulted market share intelligence and other information about provider relevance and popularity to come up with a list of 45 companies to research further.
We collected 3,150 data points related to 70 criteria between May 20 and July 3, 2024. The data came from company webpages, media representatives, rating agencies (AM Best, National Association of Insurance Commissioners, and J.D. Power), and customer service calls. We further refined our list to include only companies that consider applicants who are cancer patients or cancer survivors.
For cancer patients, we paid particular attention to companies offering final expense and guaranteed issue life insurance. We compared individual offerings among companies by delving deeper into product specifics, including cost, graded death benefit periods, included riders, and product-specific application processes.
Staff editors and research analysts created a quantitative model that scores each company based on six major categories, which we weighted as follows:
- Coverage: 29%
- Policy Features and Riders: 20%
- Underwriting Options: 20%
- Cost: 12%
- Customer Satisfaction: 10%
- Financial Stability: 9%
