When it comes to breast cancer, the details of the medical condition will determine which life insurance carriers will offer coverage and what the risk classification would be. Since each insurance company has different underwriting guideline soft acceptance and pricing, you may not get the same risk class offer from each carrier.
If your cancer diagnosis is current, guaranteed-issue whole life insurance will be the only type of life insurance coverage available as it doesn't have any medical questions or health exam requirements.
However, the amount of life insurance coverage available under a single policy will likely be a maximum amount of $20,000 or $25,000, depending on the insurance carrier. To get more life insurance you would need to purchase more than one life insurance policy.
With a guaranteed issue whole life insurance policy they usually feature a 2 or 3 year graded period - meaning you only have accidental death coverage during those first few years you are insured, otherwise the carrier just returns the premiums paid into the policy if death occurs during the graded period. After the graded period expires, the full death benefit is payable upon the death of the insured person.
Life insurance companies may offer fully-underwritten coverage if the cancer has been in remission or treatment has been completed for at least 2 years. However, many life insurance companies prefer 5+ years from the date treatment was completed for a more favorable risk class on your life insurance policy.
Learn more about life insurance for people with cancer