Should I opt for impaired risk life insurance?
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Written on: 03.11.2009 [10:00]
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Goslin
Goslin
Topic creator
Posts: 6
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Dear community: I am a breast cancer survivor and have been advised to purchase impaired risk life insurance. I know I'll pay more for this than regular insurance: is it really my best option? |
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Written on: 06.11.2009 [15:52]
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Rati
Rati
Posts: 3
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Sorry to hear about your breast cancer. Unfortunately it may not be up to you to decide whether impaired risk life insurance is your best bet: it may be the only policy you can choose if regular insurance providers are unwilling to cover your 'high risk' medical profile. I would suggest contacting several insurers with the specifics of your past health and details of the kind of cover you would like. Sometimes comparison is the only way to find the best deal, and judging by their responses you may be better able to judge your best option! Good luck. |
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Written on: 09.11.2009 [10:45]
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Hunter
Hunter
Posts: 1
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How long ago did you have breast cancer? Sometimes the longer you wait after having had cancer the easier it will be to get a “normal” life insurance. The way it works is that insurance companies think that if 3-4 years have passed and you haven’t gotten cancer again then the lower the risk is that you will have it. I am sure the first years will be quite high but the longer you pay in the cheaper it will get. If not perhaps you could contact the Cancer Research group and ask them for their opinion/advice. They must have experience with helping people afterwards so my advice would be to check with them also. |
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Written on: 09.11.2009 [12:33]
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Garati
Garati
Posts: 1
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Have you tried WellWoman Plan? They apparently cover women for medica and life insurance specifically those who have one of seven “female-specific” cancers. http://www.privatehealth.co.uk/healthinsurance/critical-illness-insurance/companies/wellwoman/wellwoman-plan/ |
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Written on: 09.11.2009 [13:49]
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Winter
Winter
Posts: 2
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Hi, you will still be able to use regular insurance companies but only after 3 or 5 years after your treatment has ended and even then the premiums are high at first, slowly decreasing as time goes on. There are special rules in the Disability Discrimination Act which might be worth looking at and quoting if you are having trouble getting any cover. |
