With thousands of new diagnoses of cancer in the UK, it isn’t surprising to learn that it is the condition most likely to result in a critical illness claim. Those that do have insurance in place can feel prepared and relieved to know that in case they are unable to work due to cancer, their mortgage, bills and other expenses could be taken care of by their insurance. However, for financial protection and peace of mind, you need to feel confident that your policy will payout for your condition as not every policy is the same.
Critical illness claims for Breast Cancer:
Critical Illness policy is available from a wide range of insurance providers that all offer different levels of cover for different conditions; including advanced forms of cancer, heart attacks and Parkinson’s disease, amongst others. Despite breast cancer is the most common cause of cancer death for women in the UK, some critical illness policies do not pay out on diagnosis. This is because early-stage breast cancer is not considered life-threatening and this often implies that the claimant has an increased chance of survival. Ductal Carcinoma in-situ or Non-invasive breast cancers are not covered as a standard condition within modern Critical Illness policies. Most breast cancer diagnoses are classed as non-invasive and in-situ, so you must keep this in mind when taking out a policy. However, more often than not, breast cancer claims are met with a partial payment, this means that unless the cancer is aggressive and invasive, only a fraction of the payout may be released full payout will be released only if the breast cancer is aggressive and advanced.
However please note that every insurer has different claims criteria for this condition, some will pay only after a full mastectomy has occurred, while others pay if surgery has been taken place to remove the tumour. So, it is always advised that you must read the policy-related documents thoroughly to have a clear understanding regarding the claims criteria your insurer uses.
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
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