Pre-existing Conditions

pre-existing medical conditions life cover

Can I Get Life Insurance With Pre-existing Conditions?

The most simple answer is, Yes. Many people who have ongoing medical conditions can obtain a protection policy. If you are suffering from a pre-existing condition it will not necessarily affect your ability to obtain Life Insurance policy. However depending on the type of condition and the severity of the illness, your monthly premiums might be slightly higher than a standard policy. Many people assume that due to the increased risks associated with these conditions, that either a protection policy is impossible to get or very expensive to secure Life Cover.

However, this isn’t the case at all and by either doing extensive research or by using an FCA registered broker, like Life Insurance Cover. You can search and compare Life Insurance policies and secure affordable cover even with a pre-existing condition. At Life Insurance Cover we compare all of the UK’s Life insurers and can find insurers most likely to accept your applications for Pre-existing Condition Life Insurance. In many cases, the cover you secure and the cost of your premiums won’t be affected by your medical condition.

Finding Life Insurance For Pre-existing Medical Conditions

Finding Life Insurance For Pre-existing Medical Conditions

Finding and comparing Life Insurance polices for pre-existing medical conditions can be quite hard to navigate due to the amount of providers available. When it comes to obtaining Life Insurance when you suffer from a pre-existing medical condition, it can be more difficult and also be more expensive. This is due to the increased health risks associated with many of these conditions. All Life Insurance companies calculate the price of your monthly premiums based on the likelihood of a claim being made. Occasionally if the risk you pose to them is considered too high, an insurer may decline to offer you cover.

By using an FCA regulated broker, like Life Insurance Cover can:

  • Compare all of the UK life insurers to find you your best quote.
  • Search providers who do not offer a direct service.
  • Obtain multiple quotes for you to choose from.
  • Has a dedicated team of specialists have obtained cover for 40% of people declined elsewhere.

Get in touch today and obtain affordable Life Insurance Cover.

During Your Application For Life Insurance

Whilst all other aspects of the application for a Life Insurance policy will remain the same. Further information regarding your medical condition will need to be obtained and confirmed by a providers underwriting team and could take a few days before being accepted.

When you apply for a protection policy, your insurer may request to see your medical records. This can include speaking with your GP or require you to undergo a medical before issuing a complete quote. This will allow them to determine the severity of your condition, any medication/treatment required and the impact the condition has on other aspects of your life.

It is important to note that before an insurer can gain access to your medical records or contact your GP. They must obtain your consent to access your current treatment and medical history. However, if you refuse to allow them to access your medical history, it’s likely your application will be declined.

pre-existing medical life insurance

Life Insurance Policies For Pre-existing Conditions

Once a Pre-existing Conditions Life Insurance policy has been accepted, your cover will be enforced as standard. This will be detailed within your policy terms and conditions. Unlike some Critical Illness Cover policies which may exclude certain illnesses relating to your condition. Your new Life Insurance policy will cover you for all the same causes of death as cover offered to a standard applicant. A key point to note is that in some cases a policy exclusion might be added depending on the type or severity of your condition. At Life Insurance Cover, you can be reassured that if your cover is anything other than standard cover, we will let you know.

It’s important to remember, however, that whilst your cover will be standard, your premiums may be slightly increased to compensate for the increased risk you pose to a Life Insurance provider.

Get A Free Pre-existing Conditions Life Insurance Quote

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What Medical Conditions Affect Life Insurance?

Previous life changing events, such as cancer, heart attack and stroke will affect your Life Insurance. Whilst some pre-existing conditions can include manageable conditions like asthma, it also encompasses life-threatening major events such as a heart attack, stroke or cancer.

Very similar to long term ongoing medical conditions. It is possible to obtain Life Insurance if you’ve undergone a severe medical incident or life-threatening condition. The application process will be the exactly the same which includes, requiring medical information, and manual underwriting. By completing the medical history steps will provide a quote based on your individual personal circumstances.

Common pre-existing medical conditions include:

Diabetes, Heart disease, High blood pressure, HIV, Asthma, Epilepsy, Obesity, Depression. Or you may have suffered from a Heart Attack.

For a more complete list of medical conditions, please visit our Health A to Z page.

A key point to remember is that if you develop a medical condition once your Life Insurance policy is in place. It will not affect the validity of your policy and the level of protection it provides.

The Importance Of Life Insurance

By choosing to protect today and provide for the future with a Life insurance policy can secure the financial stability of your family and loved ones. As a sufferer of either a life changing or pre-existing condition, the need for Life Insurance only becomes more prevalent as you live day-to-day aware of the risks associated with your condition.

Without an adequate protection policy in place could your loved ones afford to:

  • Meet monthly mortgage repayments?
  • Afford daily family living costs?
  • Pay off any outstanding debt in your name?
  • Cover the cost of your funeral?

It’s possible to secure affordable Life Insurance even with a pre-existing medical condition. If you suffer from a medical condition, the cost of premiums can vary more when compared with a standard applicant. Therefore, it’s even more important to compare Life Insurance quotes to secure the most cost-effective policy. Using an FCA registered broker, like Life Insurance Cover. Will allow you to compare quotes and find the best protection for you and your family.

Our services are completely free for you to use, we also offer free no obligation Life Insurance quotes for you to compare. Get in touch today to get affordable Pre-Existing Life Insurance protection.