Following a mesothelioma diagnosis, many patients and their families are confronted with not only complex treatment decisions but also the financial burden that often comes with serious illness. Selling life insurance after mesothelioma diagnosis can offer a practical solution by turning an existing policy into immediate funds to help manage medical costs, household expenses, or other financial priorities during this difficult time.
Understanding Mesothelioma and Life Expectancy
Mesothelioma is a rare and aggressive cancer, most commonly caused by exposure to asbestos. It primarily affects the lining of the lungs (pleural mesothelioma) but can also develop in the lining of the abdomen (peritoneal mesothelioma) or other areas. Because mesothelioma is often diagnosed in later stages, it carries a limited life expectancy. Many patients face survival periods of 12 to 24 months after diagnosis, though some may live longer depending on the type of mesothelioma, age, overall health, and available treatment options.
The serious nature of this illness is one reason why selling life insurance after mesothelioma diagnosis may be an option for many policyholders. Life settlement providers often consider the reduced life expectancy when evaluating a policy, which can result in higher offers compared to individuals with chronic but less severe conditions.
Who May Qualify to Sell Life Insurance After Mesothelioma Diagnosis
Eligibility for selling a life insurance policy after mesothelioma diagnosis depends on several factors, including:
- The stage and type of mesothelioma
- The insured’s age and overall health
- Life expectancy projections based on medical records
- The face amount of the policy
- The type of policy (universal, whole life, or convertible term)
Because mesothelioma is classified as a terminal or life-limiting condition in most cases, many individuals meet the qualifying criteria for a life settlement or viatical settlement.
Common Treatments for Mesothelioma
While there is no cure for mesothelioma, advances in treatment have provided options to help slow progression and manage symptoms. Some of the common therapies include:
- Chemotherapy (such as cisplatin and pemetrexed)
- Immunotherapy (including nivolumab and ipilimumab)
- Surgery (pleurectomy/decortication or extrapleural pneumonectomy)
- Radiation therapy
- Clinical trials offering experimental treatments
Even with treatment, many patients experience significant financial strain from medical costs, travel for specialized care, loss of income, and ongoing living expenses.
How Selling Life Insurance After Mesothelioma Diagnosis Can Help
Selling a life insurance policy allows the policyholder to receive a lump sum cash payment that can be used immediately. Common uses for the funds include:
- Paying for ongoing medical treatments
- Covering in-home care or hospice expenses
- Managing household bills and debts
- Providing financial stability for loved ones
- Funding travel, personal goals, or creating lasting memories
Unlike loans or borrowing against a policy, a life settlement provides funds without the obligation to repay, offering much-needed relief during a challenging time.
Next Steps
If you or a loved one is exploring options for selling life insurance after mesothelioma diagnosis, it’s important to work with experienced professionals who understand both the life settlement process and the sensitive nature of this illness. An evaluation can help determine eligibility and provide a clear understanding of the potential value your policy may offer. Learn if you qualify in a short 5-10 minute phone call. 800-727-7654