Can I get Life Insurance with an Enlarged Prostate?
We were contacted by a 71-year-old client, one of our many clients who found us through our website after reading a blog much like this.
He was looking for life insurance to cover his funeral expenses and leave a sum to his wife. During our completion of his fact find, he let us know that he is under review for an enlarged prostate. For which he takes medication. He has been told by his doctor that he does not have prostate cancer and his PSA levels are at a normal level.
What is the PSA test?
The PSA test is a blood test that measures the amount of prostate-specific antigen (PSA) in your blood. PSA is a protein produced by normal cells in the prostate and also by prostate cancer cells. It’s normal to have a small amount of PSA in your blood, and the amount rises as you get older and your prostate gets bigger. A raised PSA level may suggest you have a problem with your prostate, but not necessarily cancer.
You can have a PSA test at your GP surgery. You will need to discuss it with your GP first. At some GP surgeries, you can discuss the test with a practice nurse, and they can do a test if you decide you want one.
Our process and advice
At Future Proof, we have access to specialist insurance companies who don’t deal directly with the public but can offer more specialised policies that are designed to provide cover where other major providers can’t.
Our research process involves us contacting many insurers to find out the best possible outcome for our clients, which avoids any nasty shocks later on during the underwriting process.
Would the insurer add a ‘loading’ to their standard premium? (this is an additional sum charged on top of their standard monthly premium to reflect their additional risk).
Might they decline the application? We want to avoid wasting time by making applications which may be declined.
We have up to date knowledge of the ever-changing landscape of underwriting for all providers in the UK and are committed to thorough research so that you don’t have to. What’s more, our advice comes at no obligation and with no hidden costs. You don’t pay us directly but we do get paid by the insurer if you decide to start a policy with them.
We carried out research throughout the market and were told by some companies that there would be an increase in premium owing to his enlarged prostate. Most insurers wanted to request a targeted report from the client’s doctor before being able to offer cover.
However, we applied to an insurer, who accepted our client’s application straight away without any increases in premium or requirements for further information.
Our client now has a policy which will pay out £20,000 whenever he passes away for a premium of £68.73 per month.
Please note that any premiums mentioned are indicative only and based on this specific case study/ example, which is shown for information purposes only. Your own circumstances will determine whether the amount payable is more or less than the figure quoted.
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Whilst you are welcome to get a quote online, we would recommend you speak to one of our advisers.
Any quote that your adviser provides you with will take into account your circumstances and medical history, as well as your budget!
An online quote is just that – a quote – it isn’t a definite offer of cover. What really matters is the premium you are offered, after your application has been assessed.
Call Freephone 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.
Interested in related stories?
Take a look at our handy guides ‘What Cover is Right for me?’
Do you suffer from a medical condition and concerned you can’t secure Life Insurance? Please view our ‘Medical Guides’ for further information.
Whilst we will make every endeavour to help someone to arrange insurance, there is no guarantee of success. All applications are subject to underwriting.
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