> Life insurance for people with medical conditions. Do not pay too much because you have medical conditions: compare the market and save up to 40%
Over 300,000 people in the UK are diagnosed with cancer alone each year, which is only one type of medical condition that will significantly affect a life insurance application. If you are to include those with heart conditions, obesity and even depression the numbers move to over 1 million people, and as much as 30% of all life insurance applicants.
Importance of life insurance for people with medical conditions
Life insurance is important for people with medical conditions because they are more likely to be planning for their family and loved ones when they are not there to provide. If you have bills and debt, such as a mortgage, it means that if you are to die this will be left with your next of kin to deal with. Life cover provides peace of mind so you can concentrate on getting better and enjoying life.
Why it is difficult to get cover
If you suffer from pre-existing conditions and wish to apply for life insurance it may be possible to get covered. You may have to jump through some extra hoops and provide additional information, but there is a good chance of getting covered. Each case is looked at on its own merits and you will be provided a no-obligation estimate.
There are life insurance products available for people with medical conditions, or who have survived illnesses such as cancer. There are considerations the life insurer will take into account, such as the type of illness and the stage of development. These are based on the hospital’s staging classification, and they will request your permission for your medical report. You will also require a medical, and the process can take longer than you’d like. If you are offered cover it is often a lot more expensive but could still be affordable.
Affordable life insurance for people with medical conditions
Life insurance for those with a serious medical concern is considered on a case by case basis, and as such we recommend that you speak to an expert. Lifedeal.co.uk work with life insurance advisors who specialise in cover for those with pre-existing illnesses, so complete our form and we will advise you of your options and find you the best quote available.
Guest article: Written by Jed Edwards.more information