4 Things to Know About Life Insurance and Prostate Cancer 2023
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4 Things to Know About Insurance and Prostate Cancer 2023
Some countries have introduced a right to forget cancer when it comes to insurance. The UK has not done this yet. This means that in other countries you would not need to say that you have had cancer if you have fully recovered and have no ongoing check-ups, after 5- 10 years.
For the moment if you currently have prostate cancer or have done in the past, then you will need to let most UK life insurers know when you apply for cover. There are sometimes exceptions and it’s always worth asking us so that we can let you know if you are eligible for these.
Here’s some extra bits that can help you understand how prostate cancer and life insurance mix.
1. Your Gleason Score is key
One of the first things that I would ask you if you tell me that you have prostate cancer, is what was your Gleason score at diagnosis and what is it know.
This reading is one of the most accurate ways for the insurance underwriters to understand your prostate cancer. Your Gleason score is usually 6, 7, 7, 8 or 9. The double 7 here isn’t a typo.
Your Gleason score is made up of two numbers. 6 is 3+3 and 8 is 4+4. It’s a bit trickier if your number is 7. That’s because 7 can be made up of 3+4 or 4+3, and it might seem like I’m being silly but the position of these numbers is really important. You will get a different indication for insurance depending upon which way around it is.
Without knowing this number it is not possible to give an accurate indication of the price of your life insurance. It would be complete guesswork.
2. So is your PSA
Insurers still look at PSA readings when assessing your life insurance application if you have had prostate cancer. Prostate-Specific Antigen tests are not particularly accurate with the NHS stating that at times the results will indicate that someone has prostate cancer when they don’t, and sometimes says that someone doesn’t have prostate cancer when they do.
Despite this it is still something that insurers use to assess your application. It’s really helpful to know what your PSA reading was at diagnosis and what it is now. It will be hard to predict the price of your life insurance policy without this number.
3. Your treatment can influence your options
There are a lot of ways to treat prostate cancer. There’s watchful waiting, chemotherapy, cryotherapy, removal of the prostate and more. The insurer will want to know what treatment you are having when assessing your life insurance application.
Watchful waiting, recent chemotherapy or surgery can all potentially lead to your life insurance application being postponed with mainstream insurers. This means that they would want to wait a little while to see how your health is over time.
4. You can potentially get life insurance when you have prostate cancer
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Categories: Life Insurance
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