At a recent forum in Wellington, we heard from an insurance expert about helpful hints regarding insurance after a cancer diagnosis. People often come into the Cancer Society to ask us about this, so we felt it would be a good idea to share their tips.
- For travelling, Australia and the United Kingdom have a reciprocal arrangement for health care. (Although on route to the UK can be a problem)
- Regular travel insurance can be used- will not cover any pre-existing conditions but still useful for everything else- accident, infection, lost luggage etc
- Any pre-existing condition should be disclosed, even if it was years ago
- If you haven’t had any treatment in the last 3 months- there is a product that will cover you from IMG( International Medical Group)
- Medical insurance will have a limit and may not be 100% cover.
- If you have a terminal condition, you will not be able to get a new life insurance policy
- If you are in remission, you will be able to get life insurance- if less than 3 years there will be no cover, but full payment after 3 years.
- If you have a terminal diagnosis, all life insurance policies should pay out.
- If you are caring for someone with cancer and may need to stop work to do so, income protection insurance is a good idea.
- It is a good plan to have joint ownership of all insurance policies if you have a partner.
- Never change to a new policy if you have pre-existing conditions.
- Consider increasing your excess to keep premiums down as you age
- Get an enduring power of attorney…and have a will!
- Your birth and marriage certificates will be needed to get policies.
For more information about these tips or specialty insurance companies, please contact 0800 226237 or firstname.lastname@example.org