Life Insurance and Auto-Immune Chronic Hepatitis
We were recently approached by a client who was hoping to arrange a Whole of Life policy. During our initial conversation, we discovered that his wife had tried to arrange cover several times and been unsuccessful due to her diagnosis of a rare liver condition – AutoImmune Chronic Hepatitis.
Her condition is well controlled due to prescribed medication and she only requires annual check-ups with her GP.
Our process and advice
At Future Proof, we have access to specialist insurance companies who don’t deal directly with the public. These companies offer more specialised policies, designed to provide cover where other major providers can’t.
Our research process involves us contacting many insurers to find out the best possible outcome for our clients. Which avoids any nasty shocks later on during the underwriting process.
Would the insurer add a ‘loading’ to their standard premium? (this is an additional sum charged on top of their standard monthly premium to reflect their additional risk). Or, exclude a condition?
Might they decline the application? We want to avoid wasting time by making applications which may be declined.
We have up to date knowledge of the ever-changing landscape of underwriting for all providers in the UK. We are committed to thorough research so that you don’t have to. What’s more, our advice comes at no obligation and with no hidden costs. You don’t pay us directly but we do get paid by the insurer if you decide to start a policy with them.
The outcome – life insurance and auto-immune chronic hepatitis
We discussed her case with underwriters at nine different Insurance companies, who all confirmed they would decline an application. However, one insurer said that they would consider it, subject to receiving all her medical information from her GP. They also wanted to refer to their Chief Medical Officer for a final decision. Even with the reassurance of this feedback, we were not optimistic. We thought the application may be declined or at least rated (the premium increased) by 400%.
Being persistent and after a long discussion with the insurer’s Chief Medical Officer, we managed to obtain an offer of cover for our client with only a 150% rating.
It pays to speak with an expert who can search the market for the most suitable policy.
All our case studies are based on actual client scenarios, many of which pre-date 2020. We are confident that the acceptance decision made by the insurers would still be offered. Although it is likely that the rates will have changed, your own circumstances will determine whether what amount will be payable by you and would be fully discussed with you before any plan is implemented.
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.
Whilst you are welcome to get a quote online, we would recommend you speak to one of our advisers.
Any quote that your adviser provides you with will take into account your circumstances and 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.
Call Freephone 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.
Interested in related stories?
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.
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