Does critical illness protection cover cancer?
As we get older, the risk of being diagnosed with a serious illness increases and…
Life insurance for cancer.
Can you get life insurance if you have cancer?
Yes, it is possible to get life insurance if you have cancer.
As life insurance experts, we will find the right policy to protect you and your loved ones.
Your Guide to Cancer Life Insurance.
At The Insurance Surgery, we can help you find the right life insurance policy to protect you and your loved ones. We are experts in life insurance for both cancer patients and survivors.
Get in touch today to find out more and make a claim.
Choose The Insurance Surgery.
Our team of specialist experts can offer you free and impartial advice, making the process of finding the best life insurance for you and your family. Here’s why you can trust us:
Best Specialist Intermediary 2023
Rated 'Excellent' on Trustpilot
More than 25 years of experience
Access to wide range of insurers
How cancer life insurance works.
Life insurance pays out if you were to pass away, and is measured through how much of a risk a provider calculates you at. We can look at your circumstances and find the right type of insurance for you and your family.
There are a number of key areas that are taken into account when underwriting cancer life insurance:
- Type of Cancer
- Area / Organs Affected
- Grade and Stage
- Date you were diagnosed with cancer
- Date of the last treatment for cancer
- Time in remission
- Medical History
- Treatment received (i.e. Chemotherapy, Radiotherapy etc.)
How to Claim.
With The Insurance Surgery, it’s easy to make a claim. Follow these three simple steps and we’ll match you with an insurer that suits your needs.
Contact Your Broker/Provider
The easiest way to make a claim is to go through the insurance broker or provider you took the cover with. This not only takes the weight off your shoulders at this stressful time but also helps speed up the claim process.
Start the process via Call/Email/Post
Depending on the type of policy you have, ways to make a claim can vary. You will initiate the claim process either via telephone, email, or post for Life Insurance, Critical Illness Cover and Income Protection.
Send Required Information
Once the claim has been received your insurance provider will then request the necessary evidence in order to assess the claim. This can include but is not limited to death certificates, GP reports and specialist letters.
Life Insurance For Cancer Patients.
Whether you or a loved one has been told you have cancer, our team of experts in cancer life insurance are here to help. Life insurance for cancer patients can be difficult to navigate, especially if you’ve never needed to know anything about it before. We are here to offer advice and guidance so you don’t have to worry about finding the right insurance policy.
Our experience in cancer life insurance means that we know which insurers are likely to provide you with a policy and can support you every step of the way.
Life Insurance For Cancer Survivors.
Choosing the right life insurance policy for cancer survivors is more than just securing low priced premiums. The key is to find a policy that is likely to payout in your situation. You want to know that you have the right financial support in place, whether you need to pay the mortgage, get counselling, make improvements to your home, or even pay for a vacation to help you get better.
You will likely be eligible for a standard life insurance policy if it’s been two years since the great news that you have received the all-clear. However, even if you haven’t yet reached that two-year milestone, we may still be able to help. We work closely with insurers across the entire market, and we know which companies are more likely to accept policies after just a few months of remission.
Critical Illness Cover.
If you already have life insurance, critical illness cover may be part of it. If so, you are probably already taken care of by your life insurance. If you are diagnosed with one of the illnesses listed in your policy, critical illness cover will give you a lump sum. There are more than 200 different types of cancer, so you may need to check if your insurance covers your type.
Most critical illness policies will cover:
- Cancer
- Stroke
- Liver or kidney failure
- Heart attack
- Multiple Sclerosis (MS)
- Major organ transplant
Our cancer-critical illness specialists will be able to discuss your options with you. If critical illness cover isn’t available, we can help you find other ways to feel safe.
1. Cost of Life Insurance Case Study.
As an illustration, we recently helped a gentleman called Ben with a history of cancer who had previously been declined for a life insurance policy. We were able to find Ben the cover below:
Total Cover Amount: £650,000
Monthly Premium Cost: £76.36
Duration of Policy: 20 Years
This means that over a 20-year period, Ben could spend only £18,806 on his premiums, with a potential life insurance cancer payout of up to £650,000.
2. Cost of Life Insurance Case Study.
This year, we assisted a 41-year-old mother of one who has a history of stage 2 breast cancer. She had previously been quoted over £150.00 per month for a life insurance policy. However, we were able to find cover for her at a lower cost, as detailed below:
Total Cover Amount: £230,000.00
Monthly Premium Cost: £40.00
Duration of Policy: 20 Years
This means that over a 20-year period, the customer could spend only £9,600.00 on her premiums, with a potential life insurance cancer payout of up to £230,000.00.
What if I already have life insurance in place?
If you already have life insurance before a cancer diagnosis, you may have suitable cover in place to protect you and your loved ones. If you’re unsure about your policy, please speak to a member of our team – we can look at your current policy details and confirm what current cover is in place.
If we believe that we can find you a better life insurance deal that offers better cover, or lower premiums we will make our recommendations. We will only ever suggest a switch to a new life insurance provider if we think that it is the right option for you.
Frequently Asked Questions
We answer your most frequently asked questions.
Life insurance premiums will depend on your individual medical history. Insurers may want to know details such as whether there is a family history of cancer, what type of cancer you may currently have, or how long it has been since you finished your treatment.
We focus on finding the right cancer life insurance policy for you. We’ll talk through what you need your insurance to cover, and we’ll match you to the right policy plan that protects you.
Life insurance with a cancer diagnosis is possible, but your level of cover and premiums may differ depending on your personal circumstances. If you have a history of cancer, some insurers may require you to be in remission for at least two years – after this time, you will eligible for a standard life insurance policy.
However, as we work with high street and independent insurers, we know who to speak to if you have only recently finished treatment, or you are currently living with cancer. There are always options available to protect you and your loved ones, which is why you may wish to book a phone call with one of our cancer life insurance specialists.
Yes, it does. If you have a life insurance policy before a cancer diagnosis, you will likely be covered, although you may wish to check the details of any critical illness cover or income protection within your policy details.
If you are looking for life insurance after a cancer diagnosis, there are many options available but these may depend on the type of cancer, and how long it has been since your last treatment. Our approach is to find the right life insurance policy that suits your needs. In a short call with one of our trained cancer life insurance specialists, we are confident that we can find a positive solution that will protect you and your family.
Typically, you may need to wait between one and two years after your last treatment, although this may depend on the type and severity of your cancer. After two years, you will likely be eligible for a standard life insurance policy.
If you are looking for a cancer life insurance policy because you are living with cancer, or you have only recently finished your treatment, please contact us. Our trained specialists work with high street and independent insurers, and we know what solutions are available to help you.
If you have previously been declined for life insurance, there is still hope. There are many insurers that will offer cover to people living with cancer who may have previously been declined for life insurance.
We have a strong track record of finding insurance policies for people who may have been rejected from an insurer. Our relationships with niche lenders means that we have more options available to us than just the high street insurers. We take the time to understand you and your medical history, and we can match you to an insurer who will give you the cover that you need.
If you already have life insurance before a cancer diagnosis, you may have suitable cover in place to protect you and your loved ones. If you’re unsure about your policy, please speak to a member of our team – we can look at your current policy details and confirm what current cover is in place.
If we believe that we can find you a better life insurance deal that offers better cover, or lower premiums we will make our recommendations. We will only ever suggest a switch to a new life insurance provider if we think that it is the right option for you.
For more information, check out our latest blogs.
Do I need cancer insurance?
Life insurance can seem confusing at the best of times, but if you have a…
Useful Links, for cancer support and advice.
Give us a call to see how we can help you to get cancer life insurance. Our freephone number is 0800 083 2829.
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