Do Any UK Companies Offer Female Cancer Life Insurance?
Cancer is a worldwide medical issue. More than 325,500 people in the UK will be diagnosed with cancer in 2023, 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 2023.
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 may be available.
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 £100,000 with Platinum Plus Cover.
Compare Serious Illness Cover From Leading Life Insurance Companies – No-Obligation – 30 Sec Form
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 Consideration||Details|
|Life Insurance with Cancer||Life insurance can be obtained even after a cancer diagnosis, though many believe it to be impossible or unaffordable.|
|Expertise in Cancer Life Insurance||Assistance is available for recent diagnoses, previous diagnoses (over 2 years), family history of cancer, and critical illness cover for cancer.|
|Life Insurance Coverage for Cancer||Life 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 Cancer||Critical 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-Cancer||It 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 Cancer||A 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 Patients||Options include guaranteed life insurance for recent diagnoses or ongoing treatment.|
|Terminal Cancer and Life Insurance||Terminal cancer diagnoses prevent obtaining new life cover, but existing policies may offer a terminal illness benefit.|
|Life Insurance Payouts and Cancer||Standard life insurance pays out for cancer deaths, barring exclusions like non-disclosure or specific policy terms.|
|Cancer in Remission||Life insurance is obtainable in remission, depending on the treatment status.|
|Cancer Survivors and Life Insurance||Post-remission (at least two years), cancer survivors can typically obtain life insurance, with more favourable rates after five years.|
|Disclosure of Cancer to Insurers||Disclosure of cancer history is necessary when applying for a new policy but not required if diagnosed after obtaining a policy.|
|Types of Cancer||The site lists various cancer types sourced from Cancer Research UK.|
|Conditions Linked to Cancer||Certain conditions and lifestyle factors increase cancer risk, like Hepatitis B, HPV, smoking, and alcohol.|
Insurance For Females With Cancer
In 2023, 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.