Life Insurance for Cancer Patients
How cancer affects the UK
There are an estimated 2.5 million people in the UK who have been diagnosed with cancer*, an increase of 400,000 people in just five years. Some fantastic research has led to more people living longer after the cancer diagnosis, whereby the number of people who survive longer than five years after this diagnosis is predicted to more than double between 2010 and 2030 to 2.7 million.
Getting Life Insurance when diagnosed with cancer
With over 200 types of cancer, it is one of the more common conditions we cover for critical illness, and most people can relate to the condition, either personally or via a friend or family member.
Due to the unfortunate likelihood that you may at some point be affected by cancer, it could be a good idea to protect you and your family’s financial security. You can do this by taking out a life insurance policy with critical illness insurance cover. In addition to cancer we also cover against HIV, some heart conditions and a range of other illnesses.
If you are covered by Critical Illness, it’s good to know your pay-out will cover any additional costs from the impact of your diagnosed illness.
I’ve been diagnosed, can I still get insured?
What if I have a family history of cancer?
It’s well documented that certain types of cancer have hereditary links, however overall only a small proportion of cancers have a genetically inherited connection.
If you would like to find out if you have inherited a faulty gene that increases your risk of cancer, “predictive genetic testing” can be carried out. These tests will help to reveal if you have a high risk of developing cancer.
If you have a high incidence of cancer in your family or genetic testing has revealed that you have an increased risk of developing cancer, your premiums may be affected. This increased risk however also means that investing in life insurance and critical illness cover may be a prudent decision should the worst happen.
Whatever your situation, requesting a quote is the best way to find out if we can provide cover for you. Start your quote now or contact us on 0800 247 247 to get a telephone quote.
*Statistic from Macmillan