For those trying to obtain life insurance, cancer can be a factor affecting cost – life insurance for cancer survivors can be higher than normal due to the increased risk of the illness returning.
There are many different forms of cancer that can affect different parts of a person’s body; some are more complex to treat than others. All forms of cancer remain very serious illnesses with serious implications for the sufferer and their loved ones. However, thankfully, the early detection and treatment of cancer has become significantly more effective in recent years, and subsequently survival rates have improved dramatically.
In the unfortunate event of being diagnosed with cancer, financial issues are the last thing that anybody wants to deal with. A life insurance policy can provide peace of mind, ensuring that the financial impact of a critical illness can be minimized. This could be in the form of a lump sum upon diagnosis, or monthly payments during the course of one’s illness.
Life insurance for people with cancer can also be more difficult to obtain and more expensive because of the increased possibility of death. Life insurance for people with cancer will usually also be subject to certain conditions – for instance, the insurance provider will usually want to contact your doctor directly. If you have any questions about obtaining life insurance to safeguard against the financial implications of serious diseases like cancer, please don’t hesitate to talk to our helpful advisers.