Can I get Life Insurance after having Thrombosis of the Eye?

Can I get Life Insurance after having Thrombosis of the Eye?

What is Thrombosis of the eye?

It is the blockage of a retinal vein and a common cause of sudden painless reduction in vision in older people. 

The retina is the thin membrane that lines the inner surface of the back of the eye, and its function is similar to that of the film in a camera.   If a blockage occurs in one of the veins which drains blood out of the eye, then blood and other fluids leak into the retina, causing bruising and swelling as well as lack of oxygen. This then interferes with the light receptor cells and reduces vision.

This condition is uncommon in anyone under the age of 60 but it becomes more common in later life. Moorfields Hospital NHS January 2021

What causes Thrombosis of the eye?

A blockage forms in the vein, usually due to a blood clot, and obstructs the blood flow.  The exact cause is unknown, but several conditions make the condition more likely. These include:

  • High blood pressure
  • High cholesterol
  • Glaucoma
  • Diabetes
  • Smoking
  • Certain rare blood disorders

Moorfields Hospital NHS January 2021

Our client

We were recently approached by a 63-year-old gentleman (non-smoker) who wanted to arrange a life insurance policy to protect his mortgage (in the event of his death). The mortgage had a balance of £187,000 over a remaining term of 9 years.

During our initial conversation, he told us that he had suffered from thrombosis of the eye, otherwise known as a Central Retinal Artery Occlusion (CRAO).

In our client’s case, he didn’t suffer from raised blood pressure, but he had previously suffered from raised cholesterol levels. Once we had a clear understanding of our client’s situation we carried out additional research.  

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. Future Proof is 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

In this case, we helped our client to apply to two separate insurers to see who would offer him the best terms. One insurer was slightly cheaper than the other at quote stage, however both companies said they would add a loading of 50%. We discussed the offers with our client who was happy to accept the cheaper offer – a decreasing term life policy with an initial sum assured of £187,000 over a term of 9 years for a monthly premium of £83.40.

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.

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.

Client Ref: 108761678

Next steps

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.

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

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The protection industry pays out over £5.7bn in claims in 2019

What questions will an adviser ask me?

Will my claim be paid?

Why you can trust Future Proof.

The benefits of an index-linked insurance policy

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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