Should all women take out a breast cancer insurance policy?

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1 in 8 women get breast cancer, so is insurance a brave move or tempting fate?

woman hugging breasts
A new insurance policy that promises to pay out if you get breast cancer has sparked fierce debate among women.

Although some critics have accused it of being a cheap way for insurers to cash in on fear, some at-risk women are paying in to ensure financial security for their families.

So, what's the deal? Well, AIG Direct will let you pay 99p per month (or £1.99 for premium cover) and will pay out if and when you're diagnosed with the disease. They won't even ask you about your family history of cancer or if you smoke.

As a result you'll get a one-off payment of £10,000 or £25,000 and £50 for every day you spend in hospital within the first 90 days of being diagnosed.

This is designed to replace the £570 that Macmillan says cancer patients lose every month during their illness.

The catch? If you're over 50 - and therefore considered high risk - your premiums could sky rocket to £16.99 per month.

AIG won't pay out if you experience long term symptoms, or if you are diagnosed with a very early form of cancer (like pre-malignant cells detected by mammograms).

A spokesperson for Macmillan admitted, "Although the insurance industry is continuing to improve its health protection product offer, there are still complaints of mis-selling, leading to rejected claims and people feeling let down right at the point of diagnosis when they are most vulnerable."

Would you consider taking out breast cancer insurance?
Absolutely yes, the money could help my family. 100.00%
No way, it's tempting fate.0.00%
Maybe if I found out I was high risk. 0.00%


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