Hi all
I would really appreciate some help.
I have applied for life cover, and accelerated specific illness cover. Due to a pre-existing medical condition (purely at this stage being managed by my GP, after having seen a consultant, and being referred back to my GP for follow up. I am completely well, on no medication, and have no current requirements to see a consultant as things stand), my life cover has been loaded.
The loading on my life cover is approximately 90% (I am a non smoker, so that hasn't added to premium)
Accelerated illness cover has been declined as a result of this pre-existing condition.
I am in a quandry right now. I understand the loading is based on an underwriting decision.
I am very surprised that the accelerated illness cover has been declined, and a bit shocked, to be honest.
I have been on to my broker and discussed this, and I feel that the best thing to do is to put the cover in place (so I am covered from a life insurance prospective), and then look for alternative quotes.
However, the whole process to date has taken since February to get to this point (3 months). and each and every quote that I apply for will involve medical reports +/- a medical examination.
My broker didn't seem to keen on this. (as it will require a good bit of extra work, and this has been going on for months.I'm not saying I agree with this obviously, but I do understand why they were not keen)
If I can get a reduced quote, this will make a large financial difference over the life of the policy.
Rather than randomly doing this, with various companies does anyone know who is good at quoting for people with pre-existing medical conditions?
My broker has suggested getting quotes and getting the paperwork in for the cheapest quoters, but the situation is completely different when there will be a loading on the policy (ie the lowest quote, may be the highest loaded quote).
I will also now have to disclose that I have been quoted on a loaded basis.
I have also applied for permanent health insurance with Friends First, and am very concerned that they will also decline cover.
Can anyone suggest what the best thing for me to do?
Any advise much appreciated
Regards
Nicola
I would really appreciate some help.
I have applied for life cover, and accelerated specific illness cover. Due to a pre-existing medical condition (purely at this stage being managed by my GP, after having seen a consultant, and being referred back to my GP for follow up. I am completely well, on no medication, and have no current requirements to see a consultant as things stand), my life cover has been loaded.
The loading on my life cover is approximately 90% (I am a non smoker, so that hasn't added to premium)
Accelerated illness cover has been declined as a result of this pre-existing condition.
I am in a quandry right now. I understand the loading is based on an underwriting decision.
I am very surprised that the accelerated illness cover has been declined, and a bit shocked, to be honest.
I have been on to my broker and discussed this, and I feel that the best thing to do is to put the cover in place (so I am covered from a life insurance prospective), and then look for alternative quotes.
However, the whole process to date has taken since February to get to this point (3 months). and each and every quote that I apply for will involve medical reports +/- a medical examination.
My broker didn't seem to keen on this. (as it will require a good bit of extra work, and this has been going on for months.I'm not saying I agree with this obviously, but I do understand why they were not keen)
If I can get a reduced quote, this will make a large financial difference over the life of the policy.
Rather than randomly doing this, with various companies does anyone know who is good at quoting for people with pre-existing medical conditions?
My broker has suggested getting quotes and getting the paperwork in for the cheapest quoters, but the situation is completely different when there will be a loading on the policy (ie the lowest quote, may be the highest loaded quote).
I will also now have to disclose that I have been quoted on a loaded basis.
I have also applied for permanent health insurance with Friends First, and am very concerned that they will also decline cover.
Can anyone suggest what the best thing for me to do?
Any advise much appreciated
Regards
Nicola