If you have a high heart disease risk this can mean you may be offered life insurance at a higher level. Risk level is important so lower risk means lower premiums, so if your heart isn’t in good shape, you should be prepared to pay a higher premium to insure your life. Higher cover can often mean paying higher premiums. When a premium is calculated, life risk and death / mortality rate are taken into consideration. Some people may have a 70% probability of dying in the first 10 years of a policy going live, and for others it might be 20%, and these factors alone can have an impact on the price of life insurance for someone with heart problems.
Not every life insurance company will accept applicants with heart disease, it all depends on a person’s health and the risk undertaken. So it is beneficial to ask a life insurance broker to act on your behalf so they can source the best solution to suit your needs.
Each life insurance provider will have their own set of criteria so it is considered to be a wise choice to contact a Life Insurance Broker so they can do all the searching for you. A broker does not charge a fee to provide life insurance quotes.
Pre-existing Medical Conditions – What Does it Mean?
It is important when you apply for insurance, to let your insurance provider / broker know about any medical conditions that you already have / have had – these are known as pre-existing medical conditions. Pre-existing medical conditions carry a higher risk and higher premiums compared to someone who doesn’t have any. A lot of factors are considered before an insurance policy is offered to an applicant.
You may find it difficult to get life insurance if you have gone through serious medical conditions, injuries, disease or illness, and a big concern is to make sure the policy will pay out if you were to die from that illness. A life insurance company will have a list of pre-existing medical conditions to refer to.
Types of Policy Available
If you are struggling to get life insurance cover, exclusions can be added to a policy to make it easier to gain approval for life insurance. Much depends on a person’s health and unique circumstances and if the illness is controlled. This means that any pre-existing illnesses can be excluded from a policy, and as long as your death is unrelated to the pre-existing medical condition, the policy will pay out.
Usually applicants will be looking to obtain life insurance without any exclusions. So what happens then is, even if you were to die from a pre-existing medical condition (the insurer already knows about), a pay out would still be made to beneficiaries. There would be a higher risk of mortality so life insurance premiums could be higher to accommodate the increased risk.
A Good Life Insurance Broker Will Help You Find the Best Cover
Life insurance doesn’t always have to be expensive. This thought alone puts many people off. Life insurance can bring much needed benefits and peace of mind. A broker will always look for deals that are suitable for the client and the client’s budget. An established life insurance broker will find the best quotes from the best insurers, a wide range of insurance companies.
Prime Financial Solutions and Mortgages Ltd
If you need help with Life Insurance and any of the following, Prime can help – telephone 01942 665 436:
- Life Insurance
- Critical Illness Cover
- Income Protection
- First Time Buyers
- House Purchases
- Self Employed and Contractors
- Self Build
- Buy to Let
Have you Been Declined Life Insurance with Heart Problems?
If you’ve been declined life insurance in the past you could be forgiven for thinking you can’t get covered. Our wide product and provider range means there is a very high chance we can help you no matter what your situation may be. We are authorised and regulated by the Financial Conduct Authority in the UK. We carry out a thorough search and compare those to get you the best quotes. There is no fee when you ask us to provide life insurance quotes, and we take the hassle and the stress out of the whole process so you can relax and let us do all the heavy lifting.
FOR THE BEST UK BROKER SERVICES FOR MORTGAGES & LIFE INSURANCE
You can see that choosing the right mortgage and getting approved can be a bit of an obstacle course. Searching for the best mortgage deal to suit your needs can be complex and time consuming. When you choose Prime, you’re choosing a company that works hard on your behalf to get you great options – that goes for mortgages and for life insurance. At Prime we have an exceptional FCA approved team of life insurance & mortgage specialists working for you. We provide excellent one to one services tailor made to your own individual needs and we make your time with us hassle free – we do all the heavy lifting.
Prime is proud of the reputation it has built over many years, and this is largely reflected through the positive reviews we receive on a regular basis from customers in Wigan, Greater Manchester and across UK, in person, on Trust Pilot and Google online.
Perhaps you have questions you would like answers to? Like..I have a history of heart conditions can I get life cover? Which heart conditions are acceptable by insurance companies? What information do I have to disclose about my heart condition? I started my policy a month ago but what should I do if I have just been diagnosed with a heart condition? I have been rejected recently for life insurance due to my heart problems, can you help me? Our dedicated team of experts can answer any and all of your questions.
Getting a mortage agreed is a big step forward in life, and so is having a Life Insurance policy. You can ensure your family is taken care if there is sudden terminal illness or your life should end. You can find out more about us and what we do here and if you need help with anything else, Prime can help. Click here to Get a Life Insurance Quote or use our quick contact form to get in touch. Our friendly dedicated team is available by telephone 01942 665 436 during office hours.