Life Insurance for Pre-existing Medical Conditions
For anyone living with a pre-existing medical condition or who has suffered a medical problem in the past, life insurance underwriters will want to know about it to be able to assess your application. Pre-existing medical conditions affect life insurance premiums in different ways and premiums will depend on a number of different factors, such as: Life insurance conditions.
These and other major factors will be taken in to account with life insurance underwriters assess risks for pre-existing medical conditions to calculate the premium that you will pay. Life insurance for pre-existing medical conditions can vary dramatically from one insurance provider to another because of different underwriting criteria.
For more information about your medical condition, select from the list below:
This list is not a complete list so if your medical condition does not appear then please do not hesitate to contact us.
The list of possible pre-existing medical conditions is almost endless, especially when you consider that there are well over 200 different types of Cancer alone.
Some of the main examples of Life Insurance for Pre-existing Medical Conditions include:
Family History (Hereditary / Genetic conditions)
Term life assurance
You will usually be asked about your medical history / condition on your life insurance application to identify the severity and risk.
Some of the main reasons why your life insurance premiums could be increased or critical illness / income protection exclusions may apply because of your medical history:
Medical complications relating to your condition(s)
Our team of life insurance experts for pre-existing medical conditions will be able to identify which insurance underwriters will be best for you and your circumstances.
Life insurance for people with pre-existing medical conditions or who have a medical history will be based on several key areas of underwriting criteria. The premium that you ultimately pay will depend on the information that you provide on your life insurance application form so it is vital that the information is accurate.
Mot life insurance providers will ask for similar information about your medical history to be able to offer cover.
What information is required:
Date of last episode / attack
These are the main factors that will be used to to assess the type and level of risk that your medical condition(s) present to life insurance. You may also be required to provide further evidence to support your application which could be a number of different reports.
Life Insurance premiums are based on risk and therefore the underwriting process is designed to assess the levels of risk that relate to your pre-existing medical condition(s) or medical history. Every life insurance provider will have a different set of rules or criteria which will give very different results when it comes to additional risks such as pre-existing medical conditions.
The other issue when dealing with life insurance for pre-existing medical conditions is that underwriting criteria changes constantly which makes it even more difficult to keep on top of. Unless you are dealing with life insurance applications for pre-existing medical conditions on a regular basis then you will find it almost impossible to keep up to date with.
Our team of life insurance experts at The Insurance Surgery have helped thousands of individuals, families and businesses to obtain the best cover and save money. We search the whole market to find you the best possible cover and we aim to save you money on your premiums to protect your family.
You may have been declined life insurance in the past because of your medical condition(s) however this does not mean that you cannot get cover. Insurance providers assess risk very differently and therefore some may be good for your particular pre-existing medical condition with life insurance whilst others may not.