Life Insurance

Breast Cancer life insurance terms and rates are very much dependent on the same variable factors as most other types of Cancer, such as:

  1. Date of Diagnosis
  2. Age at Diagnosis
  3. Grade and Stage
  4. Medication / Treatment
  5. Time since end of treatment

The life insurance rates for individuals with a history of breast cancer may differ significantly among insurance companies and are typically influenced by the timing of treatment and duration of remission. The majority of applications for Breast Cancer life insurance are typically accepted with a premium increase for a specified period after treatment, or at standard rates for clients who have been free of issues for a number of years post-treatment.

If you previously applied for Breast Cancer life insurance and your coverage was accepted with special terms, declined, or postponed, it is recommended to reassess your coverage to determine if there have been any changes in your situation. Life insurance underwriting terms are frequently updated, particularly for conditions like Breast Cancer. Therefore, it is advisable to review your policy to potentially reduce costs.

Critical Illness

Individuals who have survived breast cancer may inquire about eligibility for critical illness cover post-treatment. Critical illness cover may be available for individuals who have had breast cancer, but it is typically offered with a cancer exclusion.

The terms for Breast Cancer critical illness cover are determined by factors such as the time elapsed since treatment and the Grade/Stage of the cancer.

Life insurance underwriters typically require a copy of your GP report or a report from your specialist to evaluate your application for Breast Cancer critical illness cover.

Individuals who have received recent treatment for Breast Cancer or have had high Grade/Stage Cancer may unfortunately find that critical illness cover will be declined.

Income Protection

Breast Cancer income protection can be accepted under standard terms or with a Cancer exclusion based on the time elapsed since primary treatment ended, similar to critical illness cover. The underwriting process for income protection tends to be more stringent compared to critical illness cover, making it challenging to obtain coverage for recent and aggressive cancers, such as those with higher grade and stage levels of severity.”

It may be beneficial to review your Breast Cancer income protection application if you were accepted on special terms or declined cover in the past, based on your current circumstances. The terms and underwriting criteria for Breast Cancer income protection may have improved since your last attempt to obtain coverage, as they are constantly changing.