Life Insurance and Income Protection with Prostate Cancer


Special Risk Managers are leading specialists in obtaining life insurance and income protection men who have previously suffered from Prostate Cancer.

We specialise in comparing life insurance and income protection for Australians who have been affected by various health conditions.

Our expert advisers will know what information will be needed to improve your chances of getting you covered. Whether you have had an aggressive or localised form of prostate cancer, a conversation with our insurance specialists can equip you with valuable information to keep you financially afloat and get you through this hard time.

 

Getting Life Insurance and Income Protection with Prostate Cancer

Prostate cancer – a disease caused by abnormal cells in the prostate – (a small, walnut-sized gland beneath the male bladder) – is the third most diagnosed type of cancer in Australia.

Many people believe that getting insured once you’ve had prostate cancer is impossible, but this is a myth. We have had success in obtaining cover Men who have recovered from Prostate cancer as well as managing to secure Life Insurance for some sufferers of Prostate cancer before they have entered remission.

 

How We Determine Coverage Eligibility

Factors that Special Risk Managers’ will consider when determining the type and level of life or income protection insurance you qualify for include:

– Your age, weight and smoking status
– If you have a family history of prostate cancer
– When you were diagnosed with prostate cancer
– The severity of your condition
– What treatment you are currently undergoing
– Whether you are taking medication as directed
– If you have had any surgeries to remove the cancer
– How long you have been in remission (if applicable)

Being upfront and presenting all of the information you have about your condition early on is the best course of action for anyone living with prostate cancer who is seeking out life or income protection insurance. This will protect you from getting incorrect advice and potentially invalidating your policy.

 

 

 

Who is Affected By Prostate Cancer

Older men are more likely to get prostate cancer. In fact, according to the Prostate Cancer Foundation of Australia, 63% of cases diagnosed are in men aged over 65, and by the age of 85, there is a 1 in 5 chance that males will have the disease.

A family history of prostate cancer can also increase your risk. If you have a first-degree male relative who has been diagnosed with prostate cancer, your chances of getting it yourself are higher than normal. Your risk of getting prostate cancer also increases if multiple relatives have the disease and if those family members were diagnosed with it when they were young.

 

Prostate Cancer Symptoms

Because it is usually a slow growing disease, men can live years before any prostate cancer symptoms show. This is why it is so important for men – particularly those with a family history of the disease – to get screened for prostate cancer via the prostate specific antigen (PSA) blood test and digital rectal examination methods.

Symptoms of prostate cancer often relate to urination and can include a burning sensation or pain when urinating, difficulty urinating, starting and stopping while urinating, more frequent urination during the night, inability to control your bladder and decreased urination flow. Other symptoms can include blood in semen, trouble getting and maintaining an erection, painful ejaculation, swelling, numbness and bone pain.

 

Stages of Prostate Cancer

There are four different stages of prostate cancer:

Localised: At this stage, cancer is contained wholly within the prostate. It has not spread to anywhere else in the body.

Locally advanced: At this stage, cancer has spread beyond the prostate itself but is still confined within the prostate region.

Advanced and metastatic: In the more advanced stages of prostate cancer, cancer has spread to another part of the body. It may have spread to the organs near the prostate such as the bladder or rectum, or it may be at the most advanced stage and have spread to the bones or lymph nodes.

 

Prostate Cancer Treatment & Longevity

According to the Cancer Council Australia, every year approximately 20,000 men are diagnosed with prostate cancer, and the disease claims the lives of 3000 men.

There is, however, a 95% five-year survival rate for prostate cancer, and nearly all patients who are treated at the localised stage will live longer than five years. Because prostate cancer typically affects older men, this impacts the long-term survival rates doctors currently use.

Prostate cancer treatments have advanced in the last 30 years, increasing the life expectancy of those who are diagnosed.

The treatment that is best for you will depend on your health, age, the stage that your cancer is at and how effectively you can manage the side effects that come with different treatment types (radiation, surgery, hormone therapy, chemotherapy and other medical treatments).

It’s important to talk to your insurance specialist about your treatment plan as this will have a bearing on the coverage on offer to you.

 

Get Insurance for Prostate Cancer

Serious medical conditions such as prostate cancer can affect your ability to obtain cover through a typical financial adviser. At Special Risk Managers we help our clients overcome medical barriers to getting insured by partnering with a well-respected international reinsurance company as well as our vast network of other insurers.

We aim to make your life easier by seeking to provide you with financial protection once you have had prostate cancer.

Pick up the phone and call us today on 1300 665 356 to find out your insurance options. Or, simply send your enquiry to info@specialriskmanagers.com.au.

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