Guides

Cancer Life Insurance

How cancer affects the UK

life insurance cancer family pink

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?

If you’ve been diagnosed with cancer or you are in partial or complete remission, getting life insurance and critical illness cover is possible but can’t be guaranteed. It is likely the cost will increase or certain medical conditions will be excluded from cover. The best way to find out if you could be covered, is by completing a quote with us.

No matter your situation with cancer, maintaining a good and balanced lifestyle while avoiding smoking or alcohol will put you in the best possible position health wise.

Finally, remember it’s important that you answer questions about your health and medical history accurately and honestly – if you don’t, it could invalidate your policy.

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.

What’s next?

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