Family history of breast cancer

Will my family’s history of breast cancer affect a critical illness insurance application?

If, once you’ve read this case study, you’d like to talk through your situation, please call 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

Our process

When a client has a pre-existing condition, or has suffered a serious illness in the past, the first thing we do is pick up the phone. We speak to Underwriters at many of the UK’s leading Insurance companies. Discussing all of our client’s medical history helps us to identify the best company to apply to. This also means we avoid applying to companies who will end up being too expensive or worse, decline an application. By completing our research thoroughly, we are able to avoid wasting time and obtain the best terms possible for our clients.

Our Client

We were recently approached by a 34 year old non-smoking female client who was hoping to arrange some life and critical illness insurance. She told us that her mother had been diagnosed with breast cancer when she was only 46 years old and had subsequently passed away.

Our client was looking for £100,000 over 35 years, until she reaches the age of 70. She told us that she could afford up to £50 per month. We started to discuss her situation and family history with underwriters at the leading insurance providers, such as Legal & General,  LV, AIG Life, Aviva to name a small few. All of them said that they would increase the standard premium by at least 50% as they felt that our client had an increased risk of being diagnosed with breast cancer herself.

The potential increase from a loading would have increased the clients premiums above her budget. This would have meant that to obtain critical illness cover within her budget, she would have had to reduce the amount of cover to between £70,000 and £80,000.

The good news is that our client had undertaken genetic testing to establish if she was at an enhanced risk of contracting breast cancer at the time that her mother was diagnosed.  Although insurance companies are not allowed to ask for the results of genetic tests, they can take them into account when assessing an application if the client volunteers the information. In this case our client was happy to share the results of her tests which clearly stated that there was no evidence of mutation in the BRCA1 and BRCA2 genes.

A positive outcome

With this evidence we found one insurer who was prepared to take the genetic information into account and offered our client the cover on standard terms. This meant that she obtained one of the most comprehensive critical illness policies available for a monthly premium of £45.40. The total cost of the cover over the full term is therefore £19,068. The total cost would have been £28,602 if the loading had been imposed, which means the client will make a saving of £9,534.

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.

We Look After Many Clients experiencing the same Family History Every Day

genetic family tree

Miss H, a 26 year old non-smoker contacted us as she required life and critical illness cover to ensure that her mortgage was repaid on her passing away and to provide funds if she were to be diagnosed with a critical illness.

Her repayment mortgage has £167,000 over a remaining term of 35 years. The most cost effective way of covering the mortgage was with a decreasing policy  Here the sum assured decreases in line with the mortgage amount. If you choose a decreasing sum assured, your premium will remain level. This is the cheapest type of life insurance.

Her life and critical illness was chosen with an index-linked option. This means the policy increases on an annual basis to offset the effects of inflation. This is important because as time goes by, the real value of the pay-out will decrease.

Miss H had experienced  problems in arranging life insurance and critical illness cover because of her family history of breast cancer. Her mother was diagnosed with breast cancer at age 36 and passed away at age 46. Each insurance provider has their own underwriting guide and again we contacted them all to find the best solution.  Many of the providers were excluding breast and ovarian cancer from the Critical illness cover. We found one company who were willing to offer the full life and critical illness cover with no exclusions at a premium increase of 50% on the critical illness policy.

Another Good Outcome

Miss H was pleased that we were able to arrange a decreasing term life or terminal illness for the full outstanding balance of the mortgage. With £50,000 Indexed life and critical illness cover over 35 years. All for a monthly premium of £25.

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.

Client Ref:  132399567

Interested in related stories?

Next steps

Whilst you are welcome to get a quote on-line we would recommend you talk to one of our advisers.

Any quote that your adviser provides you with will take into account to your circumstances, your medical history, as well as your budget!

An on-line 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.

Please feel free to read our Independent client reviews, or read about the team at Future Proof.

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Take a look at our handy guides ‘What Cover is Right for me?’

Do you suffer with 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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