Modern medical advances have made it possible for more and more women to beat breast cancer, but cancer survivors are still at a higher risk of developing cancer again or having complications caused by their treatment. This makes it more challenging for people who have lived through the disease to get insurance cover. That’s why it’s important to find the right insurer.
Getting to grips with the implications of breast cancer for insurance can also be an emotional and difficult conversation to have with your financial advisor. But given the fact that breast cancer is by far the leading cause of critical illness claims made by women, it’s an important conversation to have.
What cover can you expect?
Whether you can get cover, how much you can get and how much you’ll pay for it depends on several factors including how long you’ve been cancer-free, the severity of the breast cancer that you had and the date of your last treatment
Here’s what you can expect
- If you’re applying for life cover, you may be given a ‘loading’. This means that you’ll pay more for your insurance than the average person.
- The insurer may apply an ‘exclusion’. This means that they’ll tell you upfront that you won’t be able to claim for certain conditions. If you’re applying for critical illness cover, you’ll likely have a cancer exclusion.
- The worst-case scenario is that your application for cover could be declined completely.
Although it can be challenging to get cover after breast cancer, each person should be assessed on their unique circumstances. Every cancer survivor is different and there are lots of variables that need to be considered. Hollard Life prides itself on being a broad-minded insurer who is truly committed to trying to find the best possible cover for you.
Click here for more information about the products that Hollard Life can offer you.
Hollard Life Assurance Company (Reg. No. 1993/001405/06) is an authorised Financial Services Provider.
