In the most part, yes, however this will all depend on exactly what the medical condition is and how severe it is. A pre-existing medical condition won’t necessarily prevent you from getting cover.
The type of life insurance policy you’ll be offered if you live with a medical condition will depend on your personal circumstances. This is because the range of life insurance options available when you have a medical condition will depend on how serious your condition is. Some pre-existing conditions will hardly have an effect on the policy or pricing when it comes to getting cover. However if you have a serious condition, like heart disease, cancer, or a history of strokes, this is likely to raise your premium.
When applying for life insurance, be aware that the following may happen:
– The insurance provider may ask for more medical information
This could be by getting a report from your GP or specialist or a medical exam.
– It might cost more.
When we look at your application, we will approach providers that we know you have the best change of obtaining life cover through. Underwriters will consider how likely you are to make a claim, and if it’s more or less likely than the average person.
– Unfortunately, sometimes a life insurance application is declined based on medical reasons.
However, applying for a life insurance policy through The Insurance Surgery will give you a better chance of getting the life cover you deserve. 70% of people declined elsewhere get accepted through us. It is important to check the policy wording so that you know the cover is right for you. If you have a very serious condition, there is a chance that the insurer may not be able to cover you.
The cost of your life insurance, and the range of options available, will depend on how serious your condition is. In some cases, you may be offered life insurance with exclusions applied to the policy, which means if you were to pass away due to your condition, your policy would not pay out.