Can I get life insurance after suffering a subarachnoid (brain) haemorrhage?

Can I get life insurance after suffering a subarachnoid (brain) haemorrhage?

We helped Mrs G arrange life insurance cover, despite her suffering from a subarachnoid (brain) haemorrhage 18 months ago.

Our client

We were recently approached by a mortgage adviser who had encountered difficulty in arranging life insurance for her client, Mrs G.

The client, a 34-year-old non-smoker, was in the process of buying her first home with her husband.  Her mortgage adviser recommended life insurance to cover the mortgage so that should either party pass away, there would be funds to repay the mortgage in full.  A policy was arranged for Mrs G’s husband without any difficulty, but after she was refused insurance by six different insurers, the mortgage adviser contacted us to see if we could help.

The main reason Mrs G had been declined insurance was that 18 months earlier, she had suffered a subarachnoid (brain) haemorrhage.

A subarachnoid haemorrhage is an uncommon type of stroke caused by bleeding on the surface of the brain. It’s a very serious condition and can be fatal. Subarachnoid haemorrhages are often caused by a burst blood vessel in the brain (a ruptured brain aneurysm). It’s not known exactly why brain aneurysms develop in some people. For more information, please visit the NHS website.

Mrs G received emergency surgery at the time of the event and has made a good recovery. 

Getting expert advice is essential

We felt that we could use our wealth of insurance and medical underwriting knowledge to help Mrs G.

Once we had a good understanding of Mrs G’s situation, requirements and medical history we started our research process.

This involves us contacting many, and in some cases all, of the UK’s leading insurers to discuss our client’s requirements. The purpose of this is to establish how they might treat her application.

Will they add a ‘loading’ to the premium (this is an additional amount on top of the standard monthly premium to reflect their additional risk)?

Would an insurer exclude certain conditions?

Will they decline an application? We want to avoid wasting time by making applications which might be declined.

It pays to be thorough!

After extensive research, we found one insurance company who would be willing to consider an application. The monthly premium was initially quoted at £10.55 a month for a level term policy offering a sum assured of £150,000 over a 30-year term. This premium assumed that the applicant was otherwise in good health and was subject to underwriting. 

The insurance company told us that if an application was submitted, they would require a medical report from Mrs G’s doctor and the premium would be increased by an additional £40.00 a month.

Mrs G felt the increase in cost was worth the peace of mind of obtaining the cover she needed.

An application was submitted but the process was lengthy and we did incur some problems.  However, we liaised with both the insurance company and the GP surgery on a weekly basis and managed to expedite the process. Saving our client time and worry.

A fantastic outcome!

An offer of cover was successfully issued by the insurer which was exactly in line with our research and our advice to the client before we submitted the application.

Mrs G was extremely happy to finally receive the level term life insurance with a sum assured of £150,000 to fully cover the mortgage over the 30-year term.  The underwritten premium was £52.74 a month.

We also assured Mrs G that we would review her policy annually to see whether we can obtain a cheaper policy at a later date.  Our experience shows that life insurance companies view this medical condition as lower risk, the longer time passes since the original event occurred.

Please note that the premiums provided are indicative only and are based on this specific case study/ example, which is shown for information purposes only. Your own circumstances will determine whether the amount payable is more or less than the figure quoted.

For help and advice – Call 0800 644 4468

Office hours – Mon – Thurs 09.00 to 19.00 and Fri 09.00 to 17.00

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Client ref: 140561070

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Next steps

Whilst you are welcome to get a quote online we would recommend you talk to one of our advisers.

Any quote we provide you with will take into account to your circumstances, your medical history, as well as your budget!

An online quote is just that – a quote – it isn’t a definite offer of cover.
What really matters is the premium you are offered, after your application has been assessed.

Please note that the premiums provided are indicative only and are based on this specific case study/ example, which is shown for information purposes only. Your own circumstances will determine whether the amount payable is more or less than the figure quoted.

Call 0800 644 4468 for help and advice

Please feel free to read our Independent client reviews, or read about the team at Future Proof

Please complete this short form if you’d like us to call you back at a convenient time.

Take a look at our handy guides ‘What Cover is Right for me?’

Do you suffer from a medical condition and concerned you can’t secure Life
Insurance?  Please view our ‘Medical Guides’ for further information.

Whilst we will make every endeavour to help someone to arrange insurance, there is no guarantee of success.  All applications are subject to
underwriting.

Links to third party websites exist for information only and we accept no responsibility or liability for the information contained on any such sites.
The existence of a link to another website does not imply or express
endorsement of its provider, products or services by us or St. James’s Place.

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