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Do Any UK Companies Offer Female Cancer Life Insurance?

Elaine Brookes Steve Case

Author: Steve Case - Insurance Expert

Reviewed & Fact Checked By: Elaine Brookes

Updated: 10th March 2024

Female Cancer Life Insurance

Cancer is a worldwide medical issue. More than 325,500 people in the UK will be diagnosed with cancer in 2024, according to Cancer Research UK.

Men and women suffer from many of the same cancer types but also differences. Breast, lung, bowel, uterine, and ovarian cancer were the top five most commonly diagnosed cancers in UK females in 2024.

Whether women want to protect themselves against these or other types of cancer or are already suffering from cancer and want life insurance, an insurance policy is still very much a possibility.

Cancer Cover For UK Females

Sometimes called cancer life insurance, cancer policies provide a financial benefit if the insured is diagnosed with a type of cancer specified in the policy. AIG Direct is one insurance company that offers this cancer cover for females.

Previously called WellWoman, Cancer Cover Female covers seven cancers specific to females: cervical, uterine, vaginal, vulvar, fallopian tube, ovarian, and breast.

Females choose one of the four available levels of cover, ranging from £25,000 with Standard Cover to £500,000 or more with Platinum Plus Cover.

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cancer life insurance for woman

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womens cancer life insurance

Cancer Cover Female provides a one-off payment that the insured can spend on treatment, necessary alterations to the home, or anything else. If these have not spread, a £1,000 payment may be made for some early-stage cancers. A hospital benefit of £50 per day to a maximum of £4,500 is included.

Additional benefits include the Care Advisory Service and a 24-hour medical helpline. The applicant must be a female UK resident between the ages of 18 and 69.

Cover will not be provided for pre-malignant tumours, cancer previously diagnosed, or cancer for which the applicant is undergoing testing. The cover runs until the first premium due date following the 75th birthday.

Here’s a two-column data table summarizing the key points discussed on the page about cancer life insurance from iaminsured.co.uk. You can paste this table directly into the WordPress block editor:

Point Of ConsiderationDetails
Life Insurance with CancerLife insurance can be obtained even after a cancer diagnosis, though many believe it to be impossible or unaffordable.
Expertise in Cancer Life InsuranceAssistance is available for recent diagnoses, previous diagnoses (over 2 years), family history of cancer, and critical illness cover for cancer.
Life Insurance Coverage for CancerLife insurance covers cancer, ensuring protection for families if diagnosed in the future. Disclosure of pre-existing conditions like cancer is crucial.
Critical Illness Cover and CancerCritical illness coverage is common for cancer claims, covering most cancers depending on the policy terms. It provides a tax-free lump sum for diagnosed serious conditions.
Life Insurance Post-CancerIt is possible to obtain life insurance after a cancer diagnosis, with considerations like date of diagnosis, treatment type, and cancer stage/grade.
Family History of CancerA family history of cancer alone shouldn’t prevent obtaining life insurance, but it will be considered during the application process.
Life Insurance for Current Cancer PatientsOptions include guaranteed life insurance for recent diagnoses or ongoing treatment.
Terminal Cancer and Life InsuranceTerminal cancer diagnoses prevent obtaining new life cover, but existing policies may offer a terminal illness benefit.
Life Insurance Payouts and CancerStandard life insurance pays out for cancer deaths, barring exclusions like non-disclosure or specific policy terms.
Cancer in RemissionLife insurance is obtainable in remission, depending on the treatment status.
Cancer Survivors and Life InsurancePost-remission (at least two years), cancer survivors can typically obtain life insurance, with more favourable rates after five years.
Disclosure of Cancer to InsurersDisclosure of cancer history is necessary when applying for a new policy but not required if diagnosed after obtaining a policy.
Types of CancerThe site lists various cancer types sourced from Cancer Research UK.
Conditions Linked to CancerCertain conditions and lifestyle factors increase cancer risk, like Hepatitis B, HPV, smoking, and alcohol.
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Comparison of Female Cancer Life Insurance Providers

ProviderTypes of Cancer CoveredCoverage OptionsAge EligibilityAdditional Benefits
AIG DirectCervical, uterine, vaginal, vulvar, fallopian tube, ovarian, breast£25,000 – £100,00018-69Care Advisory Service, 24-hour medical helpline
ZurichBroad coverage, specifics not listedCustomPolicy dependentUp to £100 of vouchers, critical illness cover
Legal & GeneralBroad coverage, specifics not listedCustomPolicy dependentCoverage for cancer survivors, critical illness cover

Key Considerations When Choosing Female Cancer Life Insurance

ConsiderationDetails
Coverage SpecificityEnsure the policy covers specific cancers relevant to females.
Premium CostsInitial premiums may be higher for those with a cancer diagnosis or history.
EligibilityAge and health condition at the time of application affect eligibility.
BenefitsLook for policies offering additional benefits like advisory services or medical helplines.
ExclusionsUnderstand what types of cancer or health conditions are not covered.

Financial Support Options Beyond Life Insurance

Support OptionDescriptionEligibility
Government AssistanceFinancial aid for those with cancer varies by region.It depends on local regulations and individual circumstances.
Charitable OrganizationsGrants and support services for cancer patients.Varies by organisation, often based on diagnosis and financial need.
Critical Illness CoverProvides a lump sum on diagnosis of a specified illness.Must be purchased before diagnosis; specific terms vary by policy.

Impact of Cancer Diagnosis on Life Insurance Premiums

Diagnosis StageImpact on PremiumsCoverage Availability
Early StageMay increase premiums; some policies offer early-stage benefits.Generally available with higher premiums.
Advanced StageSignificantly higher premiums or denial of coverage.Limited availability; some providers may offer coverage with exclusions.
Post-TreatmentPremiums may decrease over time if cancer is in remission.Available, with rates improving the longer the remission period.

Life Insurance For Females With Cancer

In 2024, more than 165,000 females in the UK were diagnosed with cancer. Having this serious medical condition can be very difficult to handle. A cancer diagnosis can also make it challenging to qualify for life insurance.

AllClear Life Insurance is a UK company that offers quotes for females diagnosed with different types of cancer, including cervical, breast, bone, lung, and kidney. Life cover is also available for women with tumours of the nervous and digestive systems.

When considering whether to underwrite a life insurance application, an insurance company considers the type of cancer the female has, the date of diagnosis, and the grade and stage of cancer. Most companies will not issue policies within two to three years of cancer recovery.

Initial premiums for life cover may be high because the insurance company faces the most significant risk during this period.

Depending on the cancer grade and stage, an insured female may qualify for standard premiums within several years.

Finding the right provider is essential if a female has cancer and is seeking the best life insurance or wants an insurance policy that will pay a benefit upon a cancer diagnosis. The least expensive policy is not always the best, so getting multiple quotes and comparing covers is recommended.

Talking to a professional will clarify questions regarding the underwriting process, policy terms, and exclusions.

There is hope in securing a life insurance policy with pre-existing conditions, so please get in touch with us today.