Arranging life insurance if you suffer from Scleroderma
What is Scleroderma?
According to the NHS, Scleroderma is an uncommon condition which results in hard, thickened areas of skin, and can cause problems with internal organs and blood vessels. NHS Choices August 2018.
Scleroderma is caused when the immune system attacks the connective tissue under the skin, and around internal organs and blood vessels. This then causes scarring and thickening of the tissue in these areas. There are several different types of Scleroderma which can vary in severity. Some types are relatively mild and may eventually improve on their own, whilst others can lead to severe and life-threatening problems. Unfortunately, there’s no cure for scleroderma, but most people with the condition can still lead full and active lives. The symptoms of Scleroderma can usually be controlled by a range of different treatments.
We were approached by a 30-year-old lady who was hoping to secure some life, and if possible, critical illness insurance. She was pregnant and due to have her first child in a matter of weeks and before contacting Future Proof, had applied directly to a couple of insurers who had declined to offer her cover due to her Scleroderma.
Our process and advice
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 and 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.
A fantastic outcome
In this particular case, all of the major insurers in the market said they would decline an application for life and critical illness insurance.
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.
One specialist insurer said they were fairly confident that they could offer her terms for life insurance, subject to obtaining a medical report from her GP. We helped our client to complete the application and liaised with her GP surgery until the report was returned to the insurer.
After assessing her GP report the insurer agreed to offer our client £200,000 of life insurance cover, over a term of 20 years for a monthly premium of £41.53.
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.
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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Case ref: 95902485