Designed to provide a financial safety net for your family if the unthinkable should happen to you.
Insurers have different minimum and maximum BMI (Body Mass Index) limits, and their prices can vary greatly as well.
This is why we believe you should use an expert like Moneysworth.
We're here to help you get the most suitable policy.
Do you qualify? Get a quote today to find out.
Being overweight or underweight is an issue that affects millions of people in the UK. Not everyone feels comfortable discussing these issues. To help you understand how having a low or high BMI could affect your chances of obtaining Life Cover, here are our answers to some key questions:
Generally, the insurer will calculate your Body Mass Index (BMI) from your height and weight.
Yes, but the insurer will also take into account other factors including:
No, different companies set different limits.
Moneysworth will survey the market on your behalf before you apply.
It depends. Each insurer will make their decision independently, and they don't all use the same BMI limits.
Applying to another company may produce a different outcome.
To save you the hassle, Moneysworth research the market on your behalf to help you find the most suitable result.
Week in, week out, Moneysworth searches the Life Insurance marketplace on behalf of clients with weight issues. This means we can keep abreast of the latest changes with the insurers.
It really does depend on your exact circumstances and the requirements of the specific insurance company. If you'd like to know before you apply, please feel free to ask one of our friendly experts.
Depending on how much your weight has changed, this could affect your chances of getting Life Cover (or the price you are offered).
A gastric surgical procedure isn't normally a problem for obtaining Life Cover.
However, some insurers may choose to postpone a decision for a while if your procedure was recent.
If you want more information on this, please feel free to ask one of our friendly experts.
It may be possible – it will depend on the insurance company's BMI limits and other factors including:
Different insurance companies may make different decisions. Moneysworth will research the market for you before applying.
Week in, week out, Moneysworth searches the Life Insurance marketplace on behalf of clients with weight issues. This means we keep abreast of the latest changes with insurers.
If you already have cover in place, it could be a good idea to talk to Moneysworth – it won't cost anything to find out, and we might be able to find you a better deal.
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…
Some 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
A client aged 55 came to us for life insurance. They were 5' 10" and 23 stone, and had previously been declined for life insurance on more than one occasion. They also had type 2 Diabetes and took medication for raised blood pressure.
After researching their situation, we told them that while most insurance companies would still say no, we believed we had found a company who might say yes. The insurance company wrote to the client's GP for a report and the client also attended a brief medical screening. The insurance company was happy with the results and made a definite offer of cover, which the client was happy to accept, of £56,075 decreasing life cover over 20 years for £50pm.