Summary
This article applies specifically to women whose female relatives have suffered from breast or ovarian cancer. The life insurance industry is proposing that women with these kinds of cancer in the family should have to provide extra information when applying for life insurance.
Life Insurance and Critical Illness Insurance - women may pay a penalty for having cancer in the family
Author: Anna Richardson
There has been a new development in the life industry,
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The insurance industry wants to have the right to ask women ( cheap home insurance ) applicants whether they have been tested for BRCA1 or BRCA2, gene mutations that could point towards the future development of cancer.
If you're a woman who has breast or ovarian cancer in the family, you may have already been tested for the gene mutation. You may also realise that the odds are by no means ( life insurance quotations ) stacked - 10% of people newly diagnosed with ovarian cancer and 5% of people newly diagnosed with breast cancer are found to have the faulty gene. Around 1 in 850 women in the UK inherit the BRCA1 gene and if you are carrying the gene, then there is a 14-18% chance that you will, at some point, develop breast cancer.
At the moment, the insurance industry is working towards getting ( home insurance quotes ) approval from the Genetics and Insurance Committee, the body that will make the decision as to whether this is a viable option.
The Association of British Insurers (ABI) is leading the proposal, ( life insurance quotes ) and will be applying to the Genetics and Insurance Committee for authority to ask women whether they have received positive results for BRCA1 or BRCA2 gene mutations over the course of the coming year.