September 21, 2020

Cancer image

Can I get life insurance after Cancer?

What the insurer will want to ask you

If you have had cancer and you are looking for life insurance, there are various factors which insurance companies will take into account when underwriting an application.

These will include:

  • The type of cancer that you were diagnosed with
  • When you were diagnosed
  • How much time has passed since the diagnosis
  • The stage and grade

Insurance companies base their policies on the ‘staging’ classifications of cancer made by hospitals. In other words, the cancer type and how early or advanced your cancer was.

With your permission, they will write to your doctor, asking for medical details that could affect your policy. The insurers have a duty to base their assessment on information that is relevant and from a reliable source.

They might also ask you to have a medical examination before they are prepared to issue your policy.

Can I get life cover?

With most cancers, life insurance companies are unlikely to issue a policy for at least 2 to 3 years after you’ve recovered from that cancer.

When a policy is issued, the first premiums may be high because that is the time of the greatest risk to the insurance company. For most cancers, the more time that goes by, the lower the risk of cancer coming back.

Depending upon the stage and grade of your cancer, it may be possible to obtain standard terms (a basic premium that is not increased) after a period of years.

Our process and advice

We use our wealth of insurance and medical underwriting knowledge to help those who have had cancer obtain the cover they need.
Once we have a good understanding of your situation, requirements and medical history we begin our research process.

This involves us contacting many and in some cases all, of the UK’s leading insurers to discuss your requirements. The purpose of this is to establish how they might treat your application.

By pre-underwriting as much as possible we are usually able to provide an idea of an outcome to avoid any nasty shocks.

Here are two examples where we have been able to help people who have recovered from cancer obtain life insurance cover.

Case study: Arranging life insurance after breast cancer

Our client a female aged 58 was diagnosed with stage 1 breast cancer and Lymphadenoma 7 years ago. She was looking for life cover which would pay out a small lump sum of £10,000 if she passed away before reaching the age of 85. Life insurance was obtained on standard rates (no premium increase) for £11.20 per month.

Case study: Arranging life insurance after bowel cancer

Our client a male aged 60 was diagnosed with bowel cancer 11 years ago. He underwent 6 months of chemotherapy. It was very fortunate that the cancer did not spread and he has been given the all-clear at every review since. He had an operation 6 months ago to remove some polyps. Our client was hoping to save money on his current policy as it was loaded by his insurance company by 200%. We helped him find the same level of cover over a longer-term which was loaded by only 50 per cent, saving him over £35 per month in premiums.

We can help find you the most suitable policy at the best price

Please feel free to talk over your individual case with us. Once we fully understand your circumstances and your objectives, we will then speak to all of the major and specialist insurance companies and produce you a report on our findings and make our recommendations.

Finding the right provider could save you thousands of pounds over the term of the policy. The cheapest Insurer (on the face of it) may not actually be the most cost-effective once they have completed their underwriting.

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.

Links to third-party websites exist for information only, and we accept no responsibility or liability for the information contained on any such sites.
The existence of a link to another website does not imply or express
endorsement of its provider, products or services by us or St. James’s Place.