Arranging life cover after recovering from Prostate cancer
Often people who have suffered from cancer automatically assume that they will be unable to arrange life insurance.
We were approached by a 72-year-old client who was hoping to arrange a longer-term life insurance policy. However, he had been diagnosed with prostate cancer since setting up his existing life policy.
He was diagnosed with Adenocarcinoma of his prostate. An adenocarcinoma is a type of cancer which occurs in the cells of glands. Most cells in the prostate gland are of the glandular type, which means that adenocarcinoma is the most common type of cancer to occur in the prostate.
The Gleason Score is the grading system used to determine the aggressiveness of prostate cancer. This grading system can be used to choose appropriate treatment options.
The Gleason Score describes how much cancer from a biopsy looks like healthy tissue (lower score) or abnormal tissue (higher score). Most cancers score a grade of 3 or higher. If the Gleason Score is written as 3+4=7, it means most of the tumour is grade 3 and the next largest section of the tumour is grade 4, together they make up the total Gleason Score. Our clients Gleason score was 7 (3+4) meaning that most cells still looked similar to normal prostate cells, so the cancer was likely to grow slowly.
This was managed by a laparoscopic radical prostatectomy and performed in 2012. In a laparoscopic prostatectomy, the surgeon makes several smaller incisions and uses special long surgical tools to remove the prostate.
The PSA test is a blood test to help detect prostate cancer. PSA is a protein made only by the prostate gland, some of it leaks into your blood, but how much depends on your age and the health of your prostate. A ‘normal’ reading for someone under the age of 75 years would be 3ng/ml or below. Our clients PSA level at the time was 11 ng/ml
On removal of his prostate, our client was diagnosed with the diseased staged pT2c N0. (T2c means the cancer is in both sides but is still inside the prostate gland. N0 means that the nearby lymph nodes don’t contain cancer cells.
Our client never dreamed he would be able to get life insurance so soon after suffering from Prostate cancer, especially as he was over 70 years old.
Our process and advice
At Future Proof, we have access to specialist insurance companies who don’t deal directly with the public. These companies offer more specialised policies, 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). Or, exclude a condition?
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 conducted extensive research and presented his medical history to senior medical underwriters at an insurer we knew would take a pragmatic view of his circumstances.
The insurer was prepared to offer him full life insurance cover with only the minimum premium loading. The next best insurance company would have offered life cover at double the price, and most of the other companies said they would decline life insurance altogether.
The client now has a £300,000 life insurance policy which will provide him with cover over the next 10 years.
This result was obtained through clear management of the clinical information we had. Being transparent and upfront with the underwriters gave them a full understanding of the client’s position.
We are proud to offer this service to anyone in a similar position, whether we are successful or not, it is always worth speaking to an expert.
Whilst you are welcome to get a quote online but we would recommend you talk to one of our advisers.
Any quote that your adviser provides you with will take into account your circumstances, your 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.
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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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