The facts about getting life insurance with Prostate cancerProstate cancer life insurance is often favorably underwritten and can be obtained on standard terms once a set period of time has passed since treatment. If this has not been reached, premiums for prostate cancer life insurance will vary depending on the severity of your cancer. Prostate cancer is the most common cancer contracted by males and has relatively high survival rates. During your application for prostate cancer life insurance, you will need to provide your medical history and details of the grade/stage of your medical condition.What does Prostate cancer life insurance cost?Your insurance company will need to assess your medical history before your application for prostate cancer life insurance can be underwritten. This is standard practice for any life cover featuring pre-existing medical conditions. Some questions your insurance company may ask during your prostate cancer life insurance application are: How old were you when you were diagnosed with prostate cancer? Did you receive chemotherapy/radiotherapy treatment? How long has it been since the end of your treatment? What stage and grade was your prostate cancer?Your premiums for Prostate cancer Life insurance will also depend on: Sum assured (£’s) Term of cover (years) Type of policy (e.g. Family, Mortgage, Whole of Life etc.)Prostate cancer life insurance rates/ratingsInsurance rates for prostate cancer life insurance will vary from small loading or special terms up to a decline or postponement. Insurance cover for prostate cancer life insurance will often feature premium loading applied for a specific period of time and reduced to standard rates when the risk of recurrence drops. As rates for prostate life insurance will vary, it is worth applying to multiple providers to find the best life cover.Percentage (%) loading for Prostate cancer life insurancePercentage loading would raise your prostate cancer life insurance premiums by a set percentage. Loading is applied if your insurance company believes there is an additional risk of claim. The maximum amount of loading available for life cover will vary between insurance providers. The means if you have been declined for prostate cancer life insurance in the past, you may find life cover elsewhere with higher loading (e.g. 250% 400%).Per mille loadings for Prostate cancer life insurance‘Per mille loading’ is often applied to life cover when medical conditions are considered very severe. ‘Per mille loading’ would raise your prostate cancer life insurance premiums by a set amount (e.g. £1, £2) per thousand £’s of life cover applied for. Whilst this type of loading is rarely used, it can be very flexible. ‘Per mille loading’ could be applied to your prostate cancer life insurance for a set period of time rather than full-term.Exclusions for Prostate cancer life insurance, critical illness cover or income protectionIf you have been diagnosed with prostate cancer you may find a cancer ‘exclusion’ added to your prostate cancer life insurance. ‘Exclusions’ on your policy would prevent you from claiming for any medical conditions related to your prostate cancer. This could make your prostate cancer life insurance impractical, so it is important you check your policy closely. ‘Exclusions’ can also prevent you from gaining additional benefits like Total and Permanent Disability, Guaranteed Insurability and Waiver of Premium.How much cover do I need?Although we can’t tell you how much prostate cancer life insurance to apply for, we can offer a few guidelines. When deciding on a life cover amount, remember your prostate cancer life insurance may increase after underwriting and this could affect how affordable your monthly premiums are.Prostate cancer life insurance amounts of cover The amount left to pay on your mortgage. Any outstanding debt (e.g. Loans, second charge, credit cards and other) Dependants Spouse or Partner Annual Income (after Tax) Any financial assets (e.g. car, house, business etc.)If you feel unsure or require more information to decide how much prostate cancer life insurance you will require to secure your family and home, see our Iam Insured prostate cancer life insurance calculator .Prostate cancer critical illness cover amountsA prostate cancer life insurance critical illness cover policy will provide a tax-free lump sum if you become unable to work. People who have been diagnosed with prostate cancer can often obtain critical illness cover at standard rates and with no ‘exclusions’. This is usually obtainable if there has been a significant period of time (usually 2 years) since treatment was completed. The majority of applications for prostate cancer life insurance critical illness cover will be accepted with some loading and/or ‘exclusions’. When considering how much critical illness cover to apply for, think about: Your annual Income (after Tax) Mortgage/rental payments (annual) Cost of living (annual) Any other potential costs (e.g. medical treatment or adaptations)Prostate cancer income protection amounts of coverIncome protection policies provide monthly payments should you become unable to work. This type of prostate cancer life insurance will often be available to people diagnosed with prostate cancer with some loading and/or cancer ‘exclusions’. After a sufficient period of time post-treatment, standard terms should be available for prostate cancer life insurance income protection policies. The amount of prostate cancer life insurance income protection you may need will depend upon your: Monthly income (after tax) Mortgage/rent payments Debts (other) Cost of livingWhich insurance companies offer Prostate cancer life insurance?Many insurance companies can offer prostate cancer life insurance, however rates will vary depending on the severity of your condition and time post treatment. If you are having difficulty finding prostate cancer life insurance cover that works for you, a specialist insurance company like Iam Insured can help.Iam insured are experts on Prostate cancer life insurance and authorised and regulated by the financial conduct authority. Registered in England and wales, our specialist advisors can help find the right insurance for you. To speak with one of expert Prostate cancer life insurance advisors, contact us now on or send us an email .Prostate cancer critical illness cover and income protection providersApplications for critical illness cover and income protection policies for people diagnosed with prostate cancer are likely to have loading and/or ‘exclusions’ applied. This will depend on your medical history and the period of time since treatment was completed. If you’re searching for more prostate cancer life insurance options and having difficulty finding critical illness cover or income protection, contact Iam Insured now for specialist help.