Designed to provide a financial safety net for your family if the unthinkable should happen to you.
It all depends on the details of your circumstances.
This is why we believe you should talk to an expert like Moneysworth. We're here to help you get the most suitable policy.
If it's possible to obtain Life Insurance for you, the price of the policy will depend on the details of your health and the cancer you had.
No, your policy will include cover for death from all cancer, including the type of cancer you previously had.
Insurance companies may make different decisions about offering you Life Cover. There can also be significant differences in the premiums they might offer you.
If you already have cover in place but arranged it several years ago, it could be a good idea to talk to Moneysworth – we might be able to find a better deal for you.
A 44 year old lady came to us looking for £180,000 of Life Cover over an 18 year term. Sadly, 5 years earlier, she had been diagnosed with Grade 2 Breast Cancer, resulting in a mastectomy and chemotherapy treatment.
Following our research, we were able to find an insurance company who offered her the cover she required without any exclusions for cancer. The premium was increased for the whole term of the policy, as well as a temporary additional premium for the first 3 years. This means for the first 3 years of the policy her Life Cover costs £155.57 per month, and after 3 years the premium reduces to £46.01 for the remaining 15 years of the policy.
Why? Because when insurance companies look at your condition and requirements, they don't always make the same decision.
If you were to ask just one or even a few insurers, how would you know if the terms you're being offered are really competitive? Also, if those insurers decline to offer you any cover, how would you know if other insurers in the market would make the same decision?
Moneysworth deals with insurance companies across the market, so asking us to find Life Insurance on your behalf could save you a lot of time and worry. This is a real benefit if you want to feel confident that you're getting a really good outcome.
Before applying to insurers, we carefully examine the details of your circumstances. We have a wealth of experience in searching for Life Cover for people with health conditions, which means there's a good chance of finding life insurance with affordable premiums.
We've even developed special research processes designed to help you get a favorable result. So, by the time we apply, we already have a good idea of what the final outcome might be - and can usually give you an idea of the price as well.
If Moneysworth can't get you the cover you are seeking, it probably isn't possible to obtain.
We know (based on personal experience) the value of Life Insurance. It's one of the reasons that we're so dedicated to helping each and every client find the most suitable result.
Very few other companies are able to offer you the level of specialist knowledge and experience that our team has gained. Moneysworth has been successfully sourcing Life Insurance for people with health conditions for over 10 years.
Moneysworth provide a personal service for every client. Right from the beginning, you'll speak with a real expert. No endless telephone menu options or being passed around different departments.
We help you throughout the whole process, providing you with explanations along the way. We aim to make the journey as easy as possible for you, ensuring that you feel fully-informed.
Peace of mind is worth waiting for! Why writing to your GP is a good thing…
When a life insurance company writes for medical information from a doctor, they will need to wait until they get the information back in order to make a final underwriting decision. Inevitably, this means that it takes a while to get a final answer.
However, if the life insurance company receives medical information from your GP and decides to make you a definite offer of life insurance, you can feel safe in the knowledge that the insurance company has taken independent medical verification before offering the terms.
Why is it so important that the insurance company sees your medical information?
Well, providing that you have fully and honestly answered all the questions on the application form, you can feel confident that the cover is fit for purpose and – if the worst happens – the policy will pay out.
We believe that knowing the policy will pay out is the most important thing for all clients – especially if you already have a health condition.
Many people come to Moneysworth after being declined Life Cover elsewhere.
We're often successful in finding Life Cover for these people. Different life insurance companies often take differing positions on the same information. Our processes are designed to help identify where you can get the most favourable result.
There are cases when, despite our best efforts, we are unable to find cover – but usually we are able to find the cover you require.
If you start a policy, we will be paid a commission by the insurance company. The insurance company will usually pay for any doctor's fees if reports are required.
Perception vs. Reality…
Many people think that insurers don't usually pay out for life cover, critical illness and income protection claims.
However, in 2013
of claims made were paid!
Source: Association of British Insurers, 2014