Will your medical history affect your premium?

Yes, your medical history is a very important factor.

STEP 1 of 2
Type of cover
Life Insurance       Mortgage Life Insurance
 
Cover Level (£)

Number of years
Do you want:  
Critical illness cover
Family income benefit
 

Hot Topics

Is it better to have a Guaranteed or a Reviewable premium?
In the medium to longer term we believe that a Reviewable policy will cost you more than a Guaranteed policy. On the other hand Reviewable policies do have the advantage of a lower premium at the outset and this appeals to many people, especially if budgets are tight.
Could you end up paying more for insurance than someone else the same age?
Yes you might, because your age is only one of many aspects the insurance company takes into account when determining your premium.
If my premium is “Rated”, what does that mean?
If your premium is “Rated” it means that the insurance company will only agree to insure you if you pay a higher premium than the one they originally quoted. This happens because, following receipt of your Application and any follow-up information they required, the insurance company believes you to represent an above average risk. (In extreme situations they will simply decline to insure you.)
Does your age affect your premium?
Yes, your age is one of the most important aspects that determines your premium. (Other important aspects include the level of cover you want, whether you are male or female, whether you are a smoker, your occupation and health record.)
Can life insurance be arranged quickly?
The short answer is that the speed depends upon your personal details.
When your insurer calculates your premium, it has to work out how long they think you will live. With Critical Illness Insurance, they also need to assess whether you are likely to become seriously ill before your policy terminates.

To do this the insurance company takes a number of factors into account including your age, whether you smoke, your job and your health record. Therefore, if you have a health record that indicates potential future health problems, or you want an especially high level of insurance cover, the insurance company is likely to require more information about your health.

To obtain this information the insurer may decide, with your approval, to write to your Doctor or ask you to have a quick “mini-medical” or even a full medical. (The insurance company pays all the costs of these medical reports.)

Frequently Asked Questions related to the above topic.
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