Getting life insurance with high PSA is possible, but it may take a little work to find best insurance company for you.
If you’ve been diagnosed with a high PSA or it showed up high on an insurance exam, you may have trouble qualifying.
It’s possible you may not qualify at all with some insurance companies, depending on your age and how high your PSA was.
While a higher than normal PSA or Prostate Specific Antigen does not mean you have prostate cancer, the likelihood of having prostate cancer increases for those with a PSA above 4.0 ng/mL.
Only about 25% of men with a PSA of between 4 and 10 will ultimately be diagnosed with prostate cancer, which seem like pretty good odds that you don’t have cancer, but insurance companies can still require a complete prostate exam and/or possibly a biopsy before making you an offer.
The older you are when the higher PSA is discovered, the better.
So if you’re age 70 and your PSA is 6.0, this would be less of a concern than if you were age 40 and had PSA of 6.0.
For PSAs above 10, the likelihood is greater that you may have cancer and you will likely need a complete prostate exam with good results before qualifying with any of the competitive insurance companies with a PSA above 10.
What To Do If You’re Declined or Postponed Due to High PSA
Of course, other issues like Prostatitis, BPH (enlarged prostate) or a urinary tract infection can also cause elevations in PSA, so what do you do if you’re declined or postponed for life insurance because of a high PSA?
First thing, make sure to get a copy of your most recent lab results and/or the lab results from your free insurance exam.
If you’ve already been postponed or declined for life insurance, ask your agent or advisor if they’ve already shopped with other insurance companies to see if any other companies may make you an offer now.
The problem with this is that most agents will not have access to your medical records, so trying to re-shop a case with only one PSA reading may be pointless without knowing more history or past PSA levels.
We obtain medical records on every case when the underwriters want them, so we can easily “re-shop” your case later, if necessary.
If You Can’t Get A Life Insurance Offer, This Is What To Do
See your doctor for an evaluation and bring your insurance exam lab results to show doctor.
The doctor will likely do a digital rectal exam and a follow up PSA and Free PSA test.
Based on all of these results, hopefully your doctor can indicate that they believe you’re okay, and there’s no need for biopsy or further testing, as well as putting this information in your medical records.
Provide this new information to your agent/advisor and ask them to send the new information to the original company you applied to for reconsideration.
If your doctor recommended you have a biopsy or further evaluation, then this may need to be completed before you’ll get an offer of life insurance.
Just Because One Company Won’t Insure You Doesn’t Mean Others Won’t
Quick Story: I just had a 64 year old gentleman apply for life insurance. He wanted either 20 year term or a GUL to age 90 policy if the cost of the GUL was going to be close in cost to the 20 year term.
Based on health questions he answered for me, I quoted him Preferred Plus and Preferred rates as a range of the cost since he only took blood pressure medication, but everything else seemed good.
We had him apply to best 20 year term carrier and best GUL to 90 carrier.
His PSA on insurance exam labs was 7.65 and the 20 year term carrier immediately postponed him until he had a full prostate work up.
The GUL company asked if he ever had prostate biopsy, which he did not, but this gentleman did tell me his PSA’s over past 3 years were 6.1, 7.2 and 6.1.
His doctor also told this gentleman he was not concerned since the PSA readings were relatively consistent over past few years.
I relayed this information to the GUL underwriter, and they promptly approved this gentleman for a Standard rate, which he quickly accepted!
Here’s How We Get Everyone The Best Offer
Whether you have a high PSA or even prostate cancer, we have the system to get you the best life insurance offer possible.
After we find out your basic health information and PSA levels, we’ll narrow down the best, most probable insurance companies for you.
We’ll then have you apply to these companies, obtain all of your medical records and negotiate to get you the best offer.
Once we have your medical records and exam results, we can place you with ANY life insurance company if the first companies we try don’t make good offers.
Insurance exam results are usually good for 12 months, so we can use one exam for almost ANY life insurance company over the next 12 months.
Need Help Getting Life Insurance With High PSA?
We’re always happy to help or happy to verify whether 0r not any rate for which you did qualify is actually the best for you.
We will need to know your most recent PSA and any past PSAs you may have had in addition to finding out more about your overall health otherwise.
Feel free to call us at 1-800-380-3533, click here to email us or simply click on the link below and complete the information in this form, and we’ll send you some quotes and information.
Since 1992, Gordon E. Conwell, III (G3) has helped thousands of ”higher risk” individuals get the best life insurance rate/value. Being a high risk himself, he knows the struggles you’ll face trying to get affordable life insurance. His unique shopping process and underwriting knowledge will result in the best offers, every time!