To get the most out of your policy, you should make a personal checklist of what conditions you need coverage for. Make sure you include anything that affects the way you live and could potentially impact your ability to work.
Just because one life insurance provider might not cover your pre-existing condition, it doesn’t necessarily mean you’re uninsurable. We offer products from a range of insurance providers, so shop around until you find a policy that’s suitable.
Life insurance customers are bound by a duty of disclosure. While having a pre-existing condition may increase your premiums, not disclosing your medical condition can be even more costly. You may have your claim denied if you do not tell your insurer the truth about your medical history when you apply, meaning you would have paid premiums for a policy that doesn’t cover you properly.
The more information you provide, the more your insurance provider can tailor your cover to suit your requirements and potentially save you money on premiums. A pre-assessment can also help your provider gain a better understanding of your current condition and give an early indication of whether they are likely to be able to offer you cover or not, before you complete a full application.
A life insurance pre-assessment is a process that can help you gain a better understanding of what policies may be available to you. This is generally done through an insurance consultant, before you purchase a policy, to give you an idea of which life insurance policies could cover your condition.
It involves a form that asks questions regarding your pre-existing conditions, along with your general details (age, height and weight), and other information regarding your current lifestyle. This form can usually be filled out over the phone by your insurance consultant. The more information you give, the more comprehensive the pre-assessment can be.
Pre-assessments are not compulsory, but your insurance consultant may request you to complete one if you have a pre-existing condition.
Date of birth, height, and weight.
Do you drink or smoke? Regular consumption of alcohol and cigarettes can affect your health, so disclosing this information helps providers determine whether they are likely to offer you cover, and on what terms. Also, any hobbies, work activities, or pastimes you participate in could impact your policy, particularly if they’re considered high risk (e.g. diving, extreme sports).
Any information about current conditions should be disclosed.
Any significant medical conditions you have been treated for in the past should be disclosed. With each insurance company having varied parameters when it comes to pre-existing conditions, detailing your health history can help the consultant to see if they can identify a particular provider whose parameters you may be able to fit into.
Medical conditions that run through your family could also help determine an insurer’s decision. For example, if you have family history of diabetes, this information could help your insurance provider determine how likely you are to be diagnosed during your life.
Other exclusions for specific policies may also include:
Ready to compare you options? Our free life insurance comparison service compares polices from a range of providers, to help you find cover. You will pay the same price as you would buying direct from a provider – the only difference is that you’ll get more choices!