The Right to be Forgotten – for Cancer Survivors

A new Code of Practice for Cancer Survivors seeking mortgage protection insurance has been introduced – known as the Right to be Forgotten!

We all know someone who has been affected by cancer. Thanks to advances in screening and treatment Ireland has up to 200,000 cancer survivors, and each year there are approx. 44,000 new cancer diagnosis in Ireland.

Apart from the physical, psychological, and financial burdens placed upon cancer patients and survivors, there are other long-term consequences – one of these meant that people were unable obtain life cover to secure their mortgage.

A recent change in the code of practice (Cancer Survivors Right to be Forgotten) brings good news for Cancer survivors looking to put mortgage protection cover in place when purchasing their principal primary residence. Mortgage Protection is life cover which decreases in line with the term of your loan and is one of the requirements when taking out a mortgage.

The new code (effective from 6th December 2023) means that the insurance companies will not consider a cancer diagnosis if:

– the person is in complete remission and active treatment ended more than 7 years before the application

– or 5 years if the person was under 18 at the time of diagnosis

Cancer survivors can get up to €500,000 in mortgage protection cover for their principal
private residence.

Even better news – the major life companies in Ireland have signed up the new code of practice including Acorn Life, Aviva Life & Pensions, Irish Life, Laya Healthcare, New Ireland, Royal London and Zurich Life.

Need help securing Mortgage Protection cover? Or want to find out more?
Contact our office for assistance on 061 – 412388.