Getting Life Insurance with Existing Medical Conditions: What You Need to Know

Securing life insurance with existing medical conditions can feel overwhelming, but it is possible. Whether you're looking for mortgage protection, life insurance, or health coverage, understanding your options is key. In this guide, we’ll explore how to improve your chances of getting approved and what to expect from insurers.

Understanding life insurance with existing medical conditions

Insurance providers assess applications based on risk, and pre-existing medical conditions can impact their decisions. Common conditions that insurers evaluate include diabetes, heart disease, high blood pressure, and mental health disorders. While some providers may charge higher premiums, others specialize in covering individuals with health issues.

Steps to Improve Your Approval Chances

If you have an existing medical condition, follow these steps to enhance your likelihood of securing insurance:

• Check Your Credit Report: A strong credit history can positively influence insurance terms. Use our credit report to review your financial standing.

• Work with a Specialist Broker: A mortgage broker experienced in high-risk applications can help you find the best policy. Our team at Possible Mortgages can guide you.

• Maintain a Healthy Lifestyle: Demonstrating good health management, such as regular check-ups and medication adherence, can support your application.

• Compare Policies: Different insurers have varying criteria. Use our mortgage comparison tools to explore your options.

What to Expect in the Application Process

When applying for insurance with existing conditions, you may need to:

• Provide detailed medical history.

• Undergo a medical examination.

• Receive higher premiums depending on the severity of your condition.

• Consider policies with exclusions for certain health issues.

Finding the Right Insurance Policy

Navigating the insurance market can be challenging, but with the right approach, you can find a policy that suits your needs. If you’re seeking coverage related to a mortgage, visit our Mortgage Repayment Calculator to assess affordability before choosing a policy.

Final Thoughts

Getting insurance with existing conditions requires careful planning, but options are available. By working with expert brokers and comparing policies, you can secure coverage that meets your needs. Need personalized advice? Contact us today!

As with all insurance policies, conditions and exclusions will apply. The cost of this insurance depends on several factors, such as your age, where you live and your occupation. As a result, the cost you will pay is based on your own circumstances.