Are you an adviser? Go to Unbiased Pro

Guide to life insurance for cancer patients

5 mins read
by Unbiased Team
Last updated Wednesday, May 8, 2024

We reveal what you need to know about life insurance for cancer patients and explore crucial considerations for financial planning.


  • Traditional life insurance policies often cover cancer, but it's essential to review the policy’s terms and conditions.

  • Individuals with cancer may still qualify for life insurance tailored to their needs. However, they may pay higher premiums.

  • A family history of cancer can impact premium rates but does not necessarily stop individuals from obtaining coverage.

  • Let Unbiased connect you with a qualified insurance broker to help you assess your options and choose the right life insurance policy.

Does my life insurance cover cancer?

Understanding whether your life insurance policy covers cancer is vital for financial planning and assessing your financial security. 

Most traditional life insurance policies include coverage for cancer as it is one of the leading causes of death globally.

However, it's essential to carefully review your policy documents to find out the extent of coverage provided.

Some policies may have specific exclusions or limitations related to pre-existing conditions like cancer. 

In cases where your current policy doesn't offer sufficient life insurance for cancer patients, you may have the option to enhance your coverage by adding a cancer-specific rider or supplemental policy.

These additional provisions typically come at an extra premium but can offer valuable financial protection against the high costs associated with cancer treatment and care.

Can I get life insurance if I have cancer?

Exploring whether there is life insurance for cancer patients becomes critical for individuals grappling with the financial implications of a cancer diagnosis.

Many insurance companies offer policies tailored to individuals with pre-existing conditions, including cancer.

The process of obtaining the best life insurance for cancer patients may vary depending on factors such as the type and stage of cancer, treatment received, and current health status.

If you have cancer, you should be prepared to undergo a medical examination or provide additional information about your condition.

Insurers typically assess the risk associated with life insurance for cancer patients and may adjust premium rates accordingly.

While premiums for policies covering cancer patients may be higher than standard rates, they can provide valuable financial protection for you and your family.

Can I get life insurance after having cancer?

For many cancer survivors, knowing if they can get life insurance if they have had cancer becomes an important consideration.

Having a history of cancer doesn't necessarily stop you from obtaining life insurance.

Many insurance companies offer life insurance for cancer patients, with policies specifically designed for survivors that take into account factors such as the type of cancer, treatment received, and current health status.

While premiums for these policies may be higher than standard rates, they can provide essential financial protection for individuals who have overcome cancer.

Can I get life insurance if I have a family history of cancer?

Having a family history of cancer can influence your eligibility for life insurance coverage, but it doesn't necessarily exclude you from obtaining a policy.

Insurers consider various factors when assessing risk, including genetic predisposition to certain illnesses.

While a family history of cancer may impact your premiums, it's still possible to secure coverage tailored to your needs and circumstances.

Is there life insurance for terminally ill cancer patients?

Getting life insurance for cancer patients in the UK who are terminally ill is more complex, but it is possible.

Cancer patients who can't get traditional coverage, particularly terminal cancer patients, can still qualify for “no medical exam” and “guaranteed” life insurance policies.

With these policies, there are no health questions, and insurers will not consider any new or pre-existing conditions, such as cancer when assessing the cost of the policy. 

This makes it beneficial for those who may have previously been turned down from other types of life insurance.

These policies offer immediate cover, with guaranteed payment for your beneficiaries on your death, as long as you’ve had the policy for at least the qualifying period, which is usually 24 months.

In addition to exploring life insurance options, terminally ill cancer patients must consider other aspects of end-of-life planning, such as creating a will, establishing power of attorney, and discussing their wishes with loved ones.

By addressing these important matters, they can ensure their affairs are in order and provide peace of mind for themselves and their families during a challenging time.

How does getting a cancer diagnosis affect my existing life insurance policy?

Life insurance for a cancer diagnosis can provide invaluable financial protection during a challenging time.

That being said, receiving a cancer diagnosis can have implications for your existing life insurance policy.

Depending on the terms of your policy and the severity of your condition, you may experience changes in coverage or premiums.

It's crucial to review your policy documents carefully and communicate with your insurer to understand how your diagnosis may impact your coverage.

How can I get cancer diagnosis support?

Coping with a cancer diagnosis can be overwhelming, but you don't have to face it alone. 

Many resources are available to provide support and assistance during this challenging time.

There are numerous avenues for seeking help and guidance, from support groups and counselling services to financial assistance programs and educational resources.

Some life insurance providers may also offer cancer diagnosis support services under their policies, such as access to counselling or assistance with navigating the claims process.

It's essential to explore all available options and seek support when needed. 

Seek expert financial advice

Navigating life insurance for cancer patients or survivors can be complex, but it's essential to explore your options and make informed decisions to protect yourself and your loved ones.

Understanding the extent of coverage provided, exploring options for additional coverage tailored to your needs, and seeking support during this challenging time are crucial steps towards financial security and peace of mind.

Let Unbiased match you with an insurance broker for expert financial advice tailored to your unique circumstances and needs.

This will make navigating the complexities of life insurance for cancer patients and their families easier and less stressful.

Get insurance advice
We’ll find a professional perfectly matched to your needs. Getting started is easy, fast and free.
Find an insurance broker
Unbiased Team
Our team of writers, who have decades of experience writing about personal finance, including investing, retirement and pensions, are here to help you find out what you must know about life’s biggest financial decisions.