Vitamin B12 Cobalamin

Why Advisers are better than Comparison sites if you have a Vitamin B12 Deficiency.

Our client

We were contacted by Ms J, a 37 year old non-smoker. She had tried to set up a life and critical illness policy to ensure funds are available should she suffer a serious illness.

Ms J had found a policy by checking the cheapest plan offered on a comparison website.

The policy offered a sum assured of £110,000 over a term of 18 years for a premium of £33.46 a month. However, she was shocked to be told that the cost would increase to £48.75 a month because she takes daily B12 tablets, as she has previously suffered a vitamin deficiency.

What is Vitamin B12 deficiency? 

Vitamin B12 deficiency anaemia occurs when a lack of vitamin B12 causes the body to produce abnormally large red blood cells that can’t function properly.
A deficiency can cause a wide range of problems including: extreme tiredness and a lack of energy.

Our process

When a client has a pre-existing condition, or has suffered a serious illness in the past, the first thing we do is pick up the phone. We speak to Underwriters at many of the UK’s leading Insurance companies. Discussing all of our client’s medical history helps us to identify the best company to apply to. This also means we avoid applying to companies who will end up being too expensive or worse, decline an application. By completing our research thoroughly, we are able to avoid wasting time and obtain the best terms possible for our clients.

Expert Advice

We explained that firstly, the plan she had applied for offered one of the least comprehensive policies in the market. ( Something she wouldn’t have known without comparing policies and reading through mountains of small print). Secondly, we would be happy to arrange a far more comprehensive plan with a Provider who would not increase the cost.

Ms J was happy to set up a life or earlier critical illness policy with a sum assured of £110,000 over a term of 18 years for a monthly premium of £36.68.

Please note that any premiums mentioned are indicative only and 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.