It's great that you are asking this question. When it comes to the eligibility criteria for life insurance policies, factors such as age, health, lifestyle, and medical history are heavily taken into account.
So, the answer to your question depends on the kind and severity of cancer you have, as well as your current health condition. Here are a few points to help you understand better:
• Generally, life insurance companies consider cancer a pre-existing condition and consider it in the risk assessment process. Depending on the severity, the insurance company may accept or reject the life insurance application.
• If cancer was diagnosed a long time ago and the risk of recurrence is low, then you can apply for life insurance, provided other eligibility criteria are met.
• On the other hand, if the cancer diagnosis is recent and the risk of recurrence is high, then life insurance companies may deny the application.
• Some companies also offer special life insurance policies after cancer diagnosis. These policies provide coverage for specific conditions related to cancer, like critical illness or death due to cancer.
Therefore, if you want to take a life insurance policy and are concerned about your cancer history, it is best to consult a knowledgeable insurance advisor who can provide the right advice.
Here is a helpful link with more details on this subject:
https://lifeinsurance.voya.com/life-insurance-guide/underwriting/pre-existing-conditions/cancer