As with all other types of Cancer, it is important to understand that Prostate Cancer life insurance terms will depend on a number of key factors, such as:
- At what age were you diagnosed with Prostate Cancer
- What was the Grade and Stage (Gleeson Scale)
- Were you treated by Chemotherapy or Radiotherapy
- Was the Prostate removed
- How long has it been since your treatment ended (usually min. 2 years)
Prostate Cancer life insurance is generally available in the same way that most other types of Cancers are underwritten for life insurance. In our experience, Prostate Cancer is one of the better forms of Cancer for life insurance underwriting due to the relatively high survival rates in men. Underwriters when assessing Prostate Cancer life insurance applications will want to know how aggressive the Cancer was (e.g. Grade / Stage) and what treatment you received. Almost all Prostate Cancer life insurance applications will need to be supported by some sort of medical evidence from your GP or your specialist.
Prostate Cancer life insurance rates can vary from a relatively small premium loading up to a decline or postpone to cover being offered depending on the severity of your condition. In most cases we see where an increase to the premium for Prostate Cancer life insurance is applied, an increase will usually be applied for several years and then reduced to standard rates as the risk of re-occurrence reduces.
If you have applied for Prostate Cancer life insurance previously and been accepted on special terms or have had cover declined / postponed then it will be worth reviewing cover based on your current circumstances. The Insurance Surgery also has access to exclusive specialist providers and products to ensure that we are able to offer at least some cover to everyone with conditions such as Prostate Cancer looking for life insurance.