Life Insurance with Leukaemia

Life Insurance

For individuals diagnosed with leukaemia, insurance may not be a top priority. The main priority is battling the cancer and improving health. We are available to support you in finding insurance that fits your needs, whenever you are ready, during and after your cancer battle.

Information we must be aware of:

• When were you diagnosed with leukaemia?
• What type of leukaemia did you have, (e.g. ALL, AML, CLL or CML)?
• What was/is the staging of your leukaemia?
• What treatment have you have?
• When was your last treatment?

After recovering from certain types of leukaemia, you may become eligible for standard terms on your Life Insurance. Insurance companies will inquire about the time elapsed since your leukaemia diagnosis, any lasting symptoms, and the duration since completion of treatment. There is a chance that normal terms may be offered after a certain number of years post-treatment for leukaemia.

If you have had leukaemia treatment in recent years, then it is probable that any Life Insurance offers you get will have a higher premium. Individuals with leukaemia may be able to secure Life Insurance coverage by excluding claims related to the condition if they cannot find suitable terms on the regular market.

The insurer requires the staging information of your leukaemia to thoroughly evaluate your Life Insurance application. The staging is typically categorized into the following headings:

• Acute lymphoblastic leukaemia (ALL) – blast cell count
• Acute myeloid leukaemia (AML) – blast cell count
• Chronic myeloid leukaemia (CML) – chronic phase, accelerated phase, blast phase
• Chronic lymphocytic leukaemia (CLL) – Binet staging, stage A, stage B, stage C

Critical Illness

Critical Illness Cover might be an option for individuals who have had leukemia, several years after treatment. Once you’ve fully recovered from leukaemia and enough time has passed, you may be eligible for standard Life Insurance terms with certain providers.

It may be necessary to consider specialist insurers for your coverage based on the stage of leukaemia you have and your time of diagnosis. In this scenario, Critical Illness Cover might be offered at a higher monthly premium or with a specific exclusion for cancer-related claims.

Income Protection

Income Protection may become available after a specified period following the completion of diagnosis and treatment for leukaemia. Various insurers have varying acceptance criteria for determining when they may consider offering Income Protection to individuals who have had leukaemia. The insurer will inquire about the staging of the leukaemia, any lingering permanent symptoms from the cancer, and how it may have impacted your ability to work in recent years.

Following the completion of treatment for a number of years, you may qualify for Income Protection under standard terms. It is crucial to search for an Income Protection policy that provides coverage on an ‘own occupation’ basis, offering you the most robust claim definitions for this insurance type.

Individuals who have had leukaemia more recently can expect that income protection options may involve higher premiums and policy claim exclusions.