Do you have a benign brain tumour? Find out what that means for your eligibility for life insurance.
There are a range of insurance providers in Australia that will provide cover against benign brain tumour through life insurance, either through trauma insurance as part of your life insurance policy or as a standalone trauma insurance policy. Keep reading to find out more about the benefits of taking out life and trauma insurance for benign brain tumours.
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Life insurance and benign brain tumours
Under a standard life insurance policy, you generally won't be paid a benefit for a traumatic event unless that event is terminal (e.g you're not expected to live for more than 12 months), as life insurance is designed to help you're loved ones in the event of your death. This is where having trauma cover as part of your life insurance policy or as a standalone policy can help.
Trauma insurance can provide you with financial support in the form of a lump sum benefit, which will allow you to focus on getting better.
If you have an existing life cover plan and you would like additional protection against benign brain tumour, consider adding a trauma feature onto your policy. Trauma insurance that is linked to life cover is usually more cost-effective than standalone cover.
Conditions for benign brain tumours
|Provider||Product details||How to apply|
|You can apply for cover of up to $2 million and you will be covered for this condition once the grace period of three months from the commencement date of your policy has expired.||Learn more|
|Apply for up to $2 million in cover or if you are primarily perform house duties, you can apply up to $750,000. A three months grace period from the policy start date is applicable, unless your policy is replacing a previous cover with the same or lower sum insured and the qualifying period has been served.||Learn more|
|Receive up to $2 million in benefit, with three months qualifying period applicable. This period will be waived if your policy is a replacement for a previous policy.||Learn more|
|Insure up to $2 million for standalone trauma cover or up to $10 million with BT Reserve plans and linked to an existing BT Life Cover.||Learn more|
|You can apply for cover from as little as $10,000 up to $2 million with Comminsure.||Learn more|
|You can get cover with the minimum of $25,000 up to a maximum of $2 million.||Learn more|
|With OneCare product suite, you can apply for cover of $50,000 up to $2 million.||Learn more|
|Benefit from extensive cover from TAL and apply for up to $2 million for cover. With Premier cover, you can opt for an advancement on the benefit payment of to $100,000 or 25% of the total sum insured.||Learn more|
|Provides coverage for up to $2 million.||Learn more|
What is a brain tumour?
A brain tumour is a mass of abnormal cells that grows and multiplies slowly in the brain. Benign tumours tend to stay in one part of the brain and not spread. It can potentially interfere with the brain activity by putting pressure on the brain as it grows over time, either by shifting the brain from its normal position or pushing it against the skull. (Source: NHS UK, 2011)
What causes benign brain tumour?
It's not known exactly what causes benign brain tumours; though past studies have linked it to ones family history. Constant exposure to certain chemicals such as vinyl chloride or formaldehyde, including radiation exposure, is also believed to be a trigger. Benign brain tumour can affect anyone at any age, including children.
Benign vs malignant brain tumours: How are they different?
The two different types of brain tumours - benign and malignant, both are treated quite differently by life insurance providers. An insurance underwriter will obviously consider malignant tumours to be of greater risk as they are cancerous. Although, when malignant brain tumours are discovered in the early stages, they can often be treated successfully.
Benign brain tumours are considered to be less harmful if in a non-cancerous state. That said, benign tumours can still become malignant if the proper treatment is not provided.
Many malignant brain tumours are actually made up of multiple tumours and are treated by radiation and chemotherapy. Benign brain tumours, on the other hand, are normally single tumours and grow differently to that of a malignant brain tumour. Benign brain tumours grow much slower and don't invade adjoining tissue, as do malignant brain tumours. They can also be picked up easier during a CT or MRI scan, as they look different comparatively to regular brain tissues.
The danger with benign brain tumours is the pressure it puts on the brain as it grows and competes with the brain for space within the person’s skull. Eventually, the tumours can prevent an area of the brain to function properly. Neither radiation nor chemotherapy is used to treat benign brain tumours and removal is usually undertaken by surgery.
Source: NHS UK, 2011
What are the symptoms of benign brain tumours?
Symptoms from a brain tumour may vary depending on the size of the tumours and where they are located. Some tumours may not cause any symptoms at all at the start. When the tumours eventually grow and have increased in size, some of the symptoms that often persist may include:
- Chronic and persistent headaches
- Epilepsy or seizures
- Vomiting and nausea
- Diminishing eyesight, double vision, or tunnel vision
- Hearing loss, tinnitus, or ringing in the ears
- Trouble in balancing
- Speech, memory or concentration issues
- Irritability, apathy or forgetfulness
- Paralysis of facial muscles
- Numbness of the extremities
What does trauma insurance cover?
Trauma insurance will provide a lump sum benefit payment in the event that you have been diagnosed with a medical events as specified in the trauma policy. Some insurance providers cover up to 40 different medical conditions, although they may vary between providers.
Trauma cover provides valuable financial assistance that can cover you for loss of income, any extra time you have to take off work while being treated, or recovering from treatment. It can also be used to cover:
- Daily living expenses, such as food, clothing and shelter
- Rent or mortgage repayments
- Any outstanding debts, such as credit cards, personal loans, car loans, etc
- Children’s education expenses
- Medical and hospital bills
- Costs of rehabilitation
- Home or vehicle modifications
- Nursing care
- Fees to hire a housekeeper
- Family holiday