If you suffer from Haemochromatosis and need Life Insurance to protect your family or your business, then you may have already experienced some difficulties. In some cases it may be possible to obtain Life Insurance for Haemochromatosis at standard rates with no additional loadings and in this section we explain more.
For people with Haemochromatosis that are looking for Life Insurance, it may well be that your premiums will be available at standard rates with no loading.
Generally if your condition is well controlled with medication and there are no major complications / related conditions then underwriters will look favourably on your cover requirements. In most cases, a GP report will be required to support your application which is simply a way for them to reinforce the information provided on your submission form.
In some cases where Haemochromatosis has been diagnosed later, which has caused complications or other related conditions are present, there may be an additional loading applied to your premium. Haemochromatosis can cause other issues such as Diabetes, Arthritis or even risk of Cancer or Heart Disease if not detected early enough.
Those with severe coarctation of the aorta usually require surgery, although this will depend on their age and overall health. The required procedure is one that widens the aorta, known as an angioplasty procedure.
How Haemochromatosis Life Insurance works:
For anyone looking for Life Insurance with Haemochromatosis, underwriters will assess the following:
What age were you diagnosed with Haemochromatosis
Does the condition impact your health
What treatment / medication do you take
Are there any other related conditions (e.g. Diabetes, Arthritis etc.)
Any recent hospitalisation
Our team of Life Insurance experts at The Insurance Surgery are able to quickly identify which insurance providers would be the best to approach for you and your condition.
We specialise in helping people who have a pre-existing medical condition such as Haemochromatosis and our expertise has helped thousands of individuals, families and businesses to save money on their Life Insurance.
There are several different types of Haemochromatosis and it is generally caused by an excessive amount of iron in your diet or it can be genetic, which is where the body absorbs excessive amounts of iron. The excess iron that is absorbed will cause further health issues as the body is incapable of processing it, this generally affects other organs such as:
Heart
Liver
Pancreas
Joints
Where the excess iron is stored and then leads to further damage.
Haemochromatosis usually affects people between the age of 30 and 60
More prevalent in Celtic countries (e.g. Scotland, Wales and Ireland)
Approximately 1 in 9 Europeans carry one defective gene for Haemochromatosis
Men are more likely to be diagnosed at an earlier age
Symptoms Of Haemochromatosis
There are a number of ways to be able to tell that you have Haemochromatosis, or it can simply be diagnosed from a blood test if no symptoms occur.
Early symptoms include:
Loss of energy / fatigue
Losing weight
Feeling weak
Pain in various joints
Erectile dysfunction(in males)
Irregular periods (in females)
Complications Of Haemochromatosis
Some complications that can develop include:
Diabetes: If the Haemochromatosis causes damage to the Pancreas which provides insulin.
Liver Damage: Can cause Cirrhosis of the Liver if not treated which can also lead to an increased risk of Liver Cancer
Heart Problems: If untreated, the iron can lead to developing Cardiomyopathy which is damage to the heart muscles which can also lead to Heart Failure
Arthritis: In some cases where the joints are affected, it can lead to developing Arthritis which can lead to the need for surgery to replace affected joints
Haemochromatosis Critical Illness Cover:
Anyone suffering from Haemochromatosis looking for Critical Illness Cover should be able to get cover and in many cases there will be no additional loading to the premiums or exclusions applied. If the condition is well controlled and there are no complications, Critical Illness Cover is very often offered with no loadings or exclusions.
As with Life Insurance, if your Haemochromatosis symptoms are more severe or if there is some sort of related condition, then you may find that special terms will be applied.
Possible outcomes of applications where the condition is more serious are, premium increase may be applied and / or some exclusions may be applied to the policy. If you have Diabetes and are looking for cover then you may well find that cover will unfortunately be difficult to obtain.
Haemochromatosis And Income Protection:
Our experience in this area shows that people who have Haemochromatosis and are looking for Income Protection will generally be able to get the cover, if the condition is well controlled with few or no complications.
Most applications we wee are accepted and the terms offered will depend on the type of treatment, time off work due to the condition and whether there are any other related conditions (e.g. Diabetes, Arthritis etc.).
At The Insurance Surgery, we are specialists in obtaining life and travel insurance for people with Haemochromatosis.
Most Financial Advisers will only ever come across a handful of people with Haemochromatosis in their careers so it is not surprising that they are often unsure where is the best place to request life and travel insurance.
At The Insurance Surgery, we help thousands of people with medical conditions each year find a cover that is suitable to their needs, often saving them a great deal of money and time in the process.
We have built a database of clients, including ones with Haemochromatosis, and are able to search this database to see which insurance companies were able to give the best life insurance and travel insurance rates to clients with Haemochromatosis.
Please read the guide below to gain a little more information.
We would need to obtain full details of your Haemochromatosis before we would be able to confirm if life insurance would be available. It is likely that the best scenario is that the cost of the life insurance is increased due to the Haemochromatosis, there is however, a possibility that cover could be declined. Please contact us and we will be able to provide more information.
