Can I Get Life Insurance After Having Cancer?
Yes, getting life insurance after experiencing cancer is possible, but it often depends on your circumstances. Factors such as the type of cancer, its stage, the treatment received, and the time since remission will influence the terms insurers may offer. At Life Insurance Direct, we can guide you through this process to help you explore your options.
How Insurers Assess Applications:
- Premium Adjustments (Loadings): A loading may be applied to your premiums due to the increased risk associated with a history of cancer. This could depend on whether treatments like chemotherapy or radiotherapy were involved and how long it has been since remission. Sometimes, loadings may apply for a fixed period and then be reviewed based on your health.
- Possible Exclusions: Some policies may include specific exclusions related to your medical history.
- Declined Applications: In certain cases, insurers may decline applications based on the severity of the condition or insufficient recovery time.
- Standard Rates: Depending on the prior cancer, treatment and time since full recovery has been made the cover may be issued on normal premiums / no changes to the cover/price.
How Life Insurance Direct Can Help:
At Life Insurance Direct, we have access to a wide range of insurers, allowing you to compare premiums and policy features that suit your requirements. And in addition to this we can complete a pre-assessment, which can help you better understand the coverage options available before you apply.
Our team specialises in supporting clients with pre-existing conditions like cancer. We’ll assist you in navigating between the insurer’s pre-assessment responses and present you with the offers that are more likely to provide suitable coverage. We’re here to simplify the process, from comparing policies to assisting with your application.
If you want to learn more about how Life Insurance Direct can help you secure life insurance after cancer, call us at 1300 135 205, or get started with our free online comparison tool.
