Why Should I Review my Life Insurance?
Sometimes it might be unclear exactly why you should review your life insurance policy. We often hear people say “I have already got life insurance, why should I look at changing?” The key reason is that many things change in life. It could be your occupation and salary, personal circumstances or the status of a medical condition you have.
Changes in your lifestyle can impact the amount of life insurance you might need. Subsequently, it could also change the price that you pay every month.
It could mean that your premiums become lower. For example if you have life insurance for High BMI and have succeeded in losing weight. However, a change in circumstance could mean that you need to look at paying more for your insurance policy because it is not up to date. If your medical conditions are not declared on your policy, you could find there are issues if your family needs to claim.
Risk of aortic rupture
Nosebleeds
Cramping sensations in the legs
Sensitivity to hot and cold
Weak muscles
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.
What Circumstances Might Call for a Life Insurance Review?
There are a number of circumstances where you might want to review your life insurance policy and either take out a new one, or update the one you currently pay for. At The Insurance Surgery, we can search the whole of the market to ensure you are paying the best premium possible for your circumstance.
Some examples of times when reviewing your life insurance should be on your to-do list are below:
Severity of the condition
When you were first diagnosed with coarctation of the aorta
Your age
Whether your coarctation of the aorta has been treated surgically
Medications currently being taken
Family medical history
Whether you smoke
Any other related health complications such as heart disease
My Circumstances Haven’t
Changed. Should I Still Review?
If your circumstances haven’t changed since you last took out a policy or had a review, it is highly likely that you won’t need to make any changes to your current protection.
However, in 90% of our review conversations, there is always something that might have changed slightly. Any small change is a reason to consider reviewing your life insurance.
We recommend that you try to review your cover every couple of years if you can. During the review we can ensure you are happy with your life insurance costs and make sure we have the best possible price and protection for you.
Is It Worth Reviewing my Life Insurance
If I have a Health Condition?
The Insurance Surgery are specialists in helping people with pre-existing conditions. We know the best companies to get life insurance through for your specific condition. We complete life insurance reviews regularly so that you know you’re with the best provider.
In many instances people do find it difficult to get cover when they have a pre-existing condition. Over 70% of customers we approve have been declined elsewhere before coming to us.
On many occasions we find customers requesting a
life insurance review with a pre-existing condition can get cover cheaper in today’s market. Underwriting can change for various reasons, so it is always worth checking.
There have been some huge developments in insurance underwriting around diabetes, HIV, post cancer, Crohn’s and many more conditions over the past 5 years or so. We have been very proud to be part of a movement that has fought for change in this space. We are confident that on most occasions we can save people money on their policy who have health conditions via a life insurance review.
Is It Easy to Switch?
It is very easy! It is a simple 3 step process that we can support you through.
This is the usual process that would need to be followed:
Request a review
via our quote form
One of our advisors will contact you to complete a full fact find of your new circumstances and search the market to find what options might be available for you.
You will be presented with the new options available to you.
If you are happy, we can start your new policy immediately and cancel your current policy on your behalf.
Alternatively, you can speak to your current provider and compare our quote with theirs and decide in your own time what you would like to do.
Do I Have to Pay a Fee
to Switch?
No fee is payable at any part of the process. We are paid a commission by the insurer when you take a policy out. This is how we cover our costs and deliver you a completely free service.
We have many Life Insurance companies on our roster including all the big names such as Royal London, Aviva, Legal & General and British Friendly, as well as specialists in niche insurance products to cover all medical conditions. All providers are authorised and regulated and are experts in different types of life insurance, so we can find the perfect amount of cover for your personal circumstances.
Your current weight and lifestyle
The date of your initial diagnosis
Whether you have had surgery for coarctation of the aorta
The impact your condition has on your job
Following these considerations, an insurer will normally be able to inform you of the kind of policy you will be eligible for based on your circumstances.
Generally speaking, if you have coarctation of the aorta but your symptoms do not require treatment and you have never been in hospital for surgery as a result of your condition, you should be eligible for a ‘non-rated’ life insurance policy.
However, if you have had an angioplasty procedure to correct your condition, and you are suffering from symptoms in line with it, you may be considered a higher risk for life insurance, and could pay a higher premium than someone with no symptoms. An insurer will likely request medical records from your doctor to confirm your details and to offer you the best policy available.
At The Insurance Surgery, we have helped many people find the right coarctation of the aorta life insurance cover for their needs. Ratings for an individual seeking life insurance with coarctation of the aorta can vary depending on their individual circumstances, so it is important that you approach the right insurance provider that understands the nature of your condition.
Critical Illness Cover.
Critical illness cover will pay out if you are diagnosed with a serious illness, for example a cancer diagnosis. The terms of your claim will be detailed in your policy.
Income Protection.
If you are unable to work due to an accident or sickness, your income may not be covered by your company’s sick pay benefits.
Family Income Benefit.
Family income benefit is very similar to life insurance, however instead of paying out a lump sum, it pays a monthly benefit to the beneficiary over an agreed period of time.
Private Medical Insurance.
Your life insurance review will also discuss the option of private medical insurance and what additional options there are to cover you or your family.
To review your life insurance policy today,
fill in our quote form online or call us on
0800 083 2829 to speak with one of our expert advisors.
You will then be assigned an appointed representative who will take you through the whole process and make sure you’re 100% happy.
