November 10, 2020

Arranging life insurance after recovering from testicular cancer

Arranging life insurance after recovering from testicular cancer

Our client

In 2015, we discovered that our client had suffered from testicular cancer, and put in a critical illness claim on his behalf. He was paid £119,251 which is a life-changing amount of money.

In his own words:

In June I found a lump on my testicle, a small lump, but there just the same. The next day I went to my GP who confirmed that there was indeed a lump, and fast-tracked me to see a Urologist. The appointment for the Urologist came through pretty promptly and we saw a very amicable surgeon who after an examination, sent me for an ultrasound to identify what the lump was. He said if it was nothing the ultra-sonographer would let me go with just a quick set of blood tests to do. I knew something was wrong when I was asked back to see the Urologist straight after my ultrasound scan.

We passed his office and saw him on the phone regarding my case. He beckoned us in and all at once, the bottom dropped out of our world. He informed us it was in fact testicular cancer and that I needed surgery the next day to remove it. I was numb, people say they go numb with news and I now know what they mean. I was numb head to toe, my body and mind were in total shock and unable to process any further information.

Then the thoughts started to come to me what about our future? What if it was advanced? What if I die? who would look after my wife and kids? Who would help pay the bills???….it was too much!  However, I had to hold it together and to be positive especially in front of the kids as I didn’t want them to know.

The treatment

Thankfully, the operation to remove the cancer was successful now I needed to have further blood tests, wait for the histology report and have a CT scan to make sure it had not spread to my lymph nodes.  I  received excellent news, the histology and CT confirmed the type of cancer.  A 4 cm tumour of mixed carcinoma and that it had, by the grace of God, not spread to my lymph nodes. Thankfully, I would not need chemotherapy and would be put on five-year surveillance.

Arranging life insurance after recovering from testicular cancer

Luckily, our client had the foresight to arrange a critical illness policy about 3 years prior to being diagnosed, and once the claim had been agreed, he was paid a benefit of £119,251. These policies payout in the event of being diagnosed with a critical illness specifically covered by the policy, or in the event of death.  Therefore once the claim had been paid he was left with no life cover.

We were on a mission to help our client after all he had been through, and after a fair amount of research and hearing several ‘we won’t be able to offer him cover for at least a year’, or more in some cases.

The process and our advice

We recommended that we help him make an application to an insurer who would offer him cover immediately.  Insurer A – offered cover but with an increase on top of their standard premium (a loading) of £5 per £1,000 of cover. This meant that at least he would have some cover in the immediate future.

However, we agreed to apply to another insurer, Insurer B – who said they would offer cover on standard terms once he had been clear of cancer for a period of 12 months. This meant that he would be able to increase his level of cover by about 400% for the same premium that he was paying for his previous life policy that had been running for 12 months with Insurer A.

In conclusion

This really does demonstrate the need to take expert advice if you have been in a similar position. It may well be possible to help you to arrange cover, even if you have been declined previously. Every situation is different, if you decide to call us, we will do our very best to help you arrange cover.

All our case studies are based on actual client scenarios, many of which pre-date 2020.  We are confident that the acceptance decision made by the insurers would still be offered, although it is likely that the rates will have changed, your own circumstances will determine whether what amount will be payable by you and would be fully discussed with you before any plan is implemented.

Please note that any premiums mentioned are indicative only and based on this specific case study/ example, which is shown for information purposes only. Your own circumstances will determine whether the amount payable is more or less than the figure quoted.

Next steps

Whilst you are welcome to get a quote online, we would recommend you speak to one of our advisers.

Any quote that your adviser provides you with will take into account your circumstances and medical history, as well as your budget!

An online quote is just that – a quote – it isn’t a definite offer of cover. What really matters is the premium you are offered, after your application has been assessed.

Call Freephone 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

Please feel free to read our Independent client reviews, or read about the team at Future Proof

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Take a look at our handy guides ‘What Cover is Right for me?’

Do you suffer from a medical condition and concerned you can’t secure Life Insurance?  Please view our ‘Medical Guides’ for further information.

Whilst we will make every endeavour to help someone to arrange insurance, there is no guarantee of success.  All applications are subject to underwriting.

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endorsement of its provider, products or services by us or St. James’s Place.

Case ref: 101022215