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Getting life insurance after surviving a critical illness
After suffering from a critical illness, such as a heart attack or cancer, it might seem more important than ever to take out a life insurance policy to provide for your loved ones once you've passed away.
Unfortunately, however, life insurance can be harder to get for people have previously survived a critical or severe illness. In this guide we explain how to find life insurance if you have had a stroke, heart attack or other critical illness.
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Compare life insurance with Uswitch and get cover from just £5.25 per month*
Life insurance after surviving a critical illness
Life insurance policies are generally quite similar, whether the person applying has suffered from a critical illness before or is approaching the application with a clean bill of health.
The major difference is that for those who have survived a critical illness, such as a stroke, the premiums can be much more expensive and it can be harder to even find a company willing to accept the life insurance application. However, by shopping around and comparing policies, it is possible to find cover that's right for you.
As with any kind of insurance company, those offering life cover are concerned by the amount of risk posed by each new customer. Paying out on claims is expensive for the insurance industry so they generally look to minimise the risk by taking on people who are deemed to be healthy and likely to live longer.
Of course, if you have already suffered from a critical illness, you are immediately considered a higher risk to insure, because from the insurer's perspective, you could get ill again or your illness could have taken its toll and decreased your chances of living a long, healthy life.
For those seeking life insurance after surviving an illness, it is most important to compare policies from across the industry. Not everyone will be willing to insure critical illness survivors, and those that do might increase or 'load' your premium based on the perceived risk of insuring you.
When applying for life insurance after suffering a critical illness, it is also a good idea to have the following prepared:
Medical reports indicating your current health and future prospects
What you were diagnosed with and when
What steps you have taken since recovering
Any other medical conditions you still suffer from
To improve your chances of getting life insurance, you could consider cutting back on drinking and quitting smoking, as these factors could impact the total cost of the policy's premiums.
Tips for comparing life insurance for critical illness survivors:
Be prepared and have medical reports and any evidence of your plan to stay healthy
Cut back on drinking and quit smoking
Compare policies from a range of providers to get the best value deal
Compare life insurance
Compare life insurance with Uswitch and get cover from just £5.25 per month*
*Based on £150,000 of level-term cover for 25 years for a 30-year-old non-smoking male with no pre-existing medical conditions (March 2023).
The life insurance comparison service is provided by Direct Life & Pension Services Ltd who are authorised and regulated by the Financial Conduct Authority (155312). Registered Office; Friars House, 52A East Street, Chichester, West Sussex PO21 2PJ. By using this system you are also agreeing to our Terms and Conditions and Privacy PolicyÂ