When applying for rheumatoid arthritis life insurance, there are some key factors that insurance companies will want to know about your condition. The listed RA risks are considered potential risks so they can affect your life insurance premiums or even your ability to qualify for life insurance. the more risk you pose to your insurance company, the higher your premiums are likely to be.
Arranging for both life insurance and critical illness cover with rheumatoid arthritis
You may have plans in place to buy life insurance and critical illness after being diagnosed with conditions like rheumatoid arthritis. Well, getting both policies can be challenging especially when your condition is severe. but due to differences in criteria for determining rates and underwriting guidelines among insurance companies, you shouldn’t get worried since you have a chance of protecting your financial world. Once you have been diagnosed with rheumatoid arthritis, there is no need to wait. Start arranging for your family’s protection.
How will rheumatoid arthritis affect your life insurance and critical illness policies?
During the underwriting process, your insurer will want to have your full medical history. In most cases, they will require a GP report, which they will obtain from your doctor and you will also take a medical exam. A medical exam will reveal any other medical condition you may be having at the time of your application.
If your rheumatoid arthritis is severe, you may experience an increase in premiums for both life insurance and critical illness covers. But if you approach the right insurance company you may still get both covers at standard rates and some companies will be willing to include other medical conditions in your critical illness cover at standard rates.
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00