Life Insurance with Medical Conditions

Trying to find life insurance with medical conditions or health problems can be a frustrating task.

Being turned down could make you think cover is not possible but that may not be the case.

Different insurance companies have different guidelines depending on the particular medical condition and where one might say no, another could say yes!

We put you in touch with ‘whole of market’, specialist advisers with experience in finding cover for people with medical conditions – click here for a quote

It does not matter if you have been turned down in the past.

The advisers we work with will try everything to find an insurance company that can help.



How does it work?

How do people find out which insurance company can consider offering cover without applying to all of them?

There’s nothing stopping someone applying to all the insurance companies but that would be a time consuming process requiring a great deal of effort.

Getting in touch with a ‘whole of market’ broker is one way to simplify this process.

Not every broker has access to the whole market and not every broker will have experience of helping find life insurance for people with medical conditions so it pays to try and find someone who specialises.

We have access to specialist advisers who do have experience in this area and who are ‘whole of market’.

Advisers with experience are able to discuss the medical conditions or health problems directly with the life insurance underwriters. This means they can find out who is more likely to say yes to the cover before any applications are submitted.

Things that can affect the availability of cover include:

  • The nature of the medical condition
  • The severity of the condition
  • Any other medical conditions that could increase health risks
  • How long the condition has been present
  • If the applicant has now recovered from the condition
  • What treatment is being taken or was prescribed at the time

This is only a basic list, many medical conditions are very complex especially those that involve internal organs such as the heart, lungs and brain so the insurance company will need to fully assess all of the medical information available before making a decision.

Does it cost more to get life insurance with a medical condition?

Not always. It very much depends on the condition, how severe it was and how long ago it occurred. In some instances the application could be accepted at ‘standard’ or ‘ordinary’ rates (if the right insurance company is found).

Any medical conditions that are more severe, are still present or not controlled will probably attract a ‘loading’.

A ‘loading’ will increase the price of the cover and the amount of the ‘loading’ will also very from one insurer to another. There is an added benefit to using an adviser because not only can they find out which insurance companies can consider cover but they can also find out which company can offer the most competitive terms for the medical condition in question.

Does having a medical condition mean the cover will be limited?

Not normally. Insurance companies don’t usually ‘exclude’ things from life insurance, they will just apply a loading.

Medical conditions can have more of an affect on the level of other types of cover such as Critical Illness, Income Protection, Waiver of Premium & Total & Permanent Disability. For example, if an applicant has had cancer in the past, some insurance companies may be able to offer Critical Illness cover with a ‘cancer exclusion’ which means the policy holder wont be able to claim if they are diagnosed with cancer again but they would still be able to claim of they suffered from a heart attack or stroke.

For many medical conditions the life insurance company will write directly to the applicants GP for further information and request a medical report.

This process can add days or weeks to the time it takes for the life insurance company to reach a decision however it is possible for the applicant to chase their GP for a quicker response.

If a previous application has been turned down and the insurance company requested a report it is usually possible for the applicant to get a copy from their GP (normally free of charge).

This report can be forwarded to an adviser and it should contain all of the information the adviser will need to fully research the alternative options and find out what cover is available from other insurers.

If an application has been turned down it can sometimes be difficult finding out exactly why because insurance companies don’t like to discuss medical conditions with applicants or brokers, in case they break some bad news. They will always try to communicate through a doctor.

They will send a letter to the GP outlining the reason for their decision and the applicant will need to make an appointment with their GP to discuss it.

This would be a good opportunity to get copies of a report for a specialist adviser to review.