‘Pre-existing health conditions’ is an incredibly broad term. Some conditions barely have an effect on your day-to-day life, some are more serious. The good news is that you can usually still take out a life insurance policy for the majority of pre-existing conditions.
If your pre-existing medical condition is assessed as being more mild and well controlled, you might even find that it does not have a big impact on your application for cover. However, it is worth noting that the more severe your medical condition is, the more likely it is to have an impact on your application for cover and quite possibly your monthly premium.
Different online life insurance companies each have their own guidelines for what can be underwritten. Some may be more lenient than others, so shopping around is the best way you can be sure that you’re getting a good deal.
If your children, partner or other family members depend on your income to cover their living expenses and the home they live in, you should definitely consider life insurance to help provide for your loved ones in the event of your death. It can be especially important to have insurance in place if you have a health condition.
In essence, a ‘pre-existing condition’ is simply a way of describing an injury, illness or disease that you’ve had either historically or you’re living with now. All life insurers have lists of what they consider to be a pre-existing condition. Once the insurer has logged your condition, they can understand your level of risk and whether to offer you a policy and if so, attach a premium accordingly.
Exclusions on policies
If you’re finding it difficult to get cover, having a policy that excludes your pre-existing medical condition from the policy can be a useful option - only paying out if your death is completely unrelated.
Generally speaking, there’s usually no better time than now to arrange life insurance cover and it’s important to understand the range of options and products available to you, whatever stage of life you’re at.
There’s a variety of options and policy types available to suit your needs and thanks to the internet, it’s never been easier to arrange and compare life insurance policies online. Over the years, life insurance brokers and providers have streamlined their application processes, so nowadays, it can take as little as 20 minutes to set up a policy online.
Cavendish are committed to providing our customers with all the information they need to make an informed choice about what kind of policy is right for them.
Speak to the experts...
Give our advisers a call today.
Our team of friendly and professional advisers are on hand to help with any questions you may have regarding Life Insurance.
The advisers can also make recommendations tailored to your current situation and will research the market on your behalf, ensuring you secure the cover you need and supporting you every step of the way.
(Monday to Friday, 9am - 5.30pm)
Choosing A Policy
You can apply for a separate ‘single’ life insurance policy as an individual, or as a joint policy with your partner or spouse.
The 2 main types of life insurance are 'term' life insurance and 'whole-of-life' insurance.
If you’re not sure, speak to us over the phone, and we’ll be able to give you all the information you need to help you decide what’s best for you.
For the best rate and policy, shop around.
Cavendish Online is committed to ensuring our fees and charges are highly competitive and transparent - so you know exactly what you are paying for when you use our different services.
We can help you find the best and most affordable option for your individual circumstances, with products from leading financial service providers and the best value possible with minimal charge amounts.
To help find the best life insurance policy for you, we won’t limit your search to just one company.
It’s really easy to arrange and compare life insurance on our website; simply enter your details into our site and we’ll ask some questions to generate quotes so you’ll be able to decide what kind of policy works out best for you.