Stroke is a medical condition that occurs when the blood circulation to part of your brain gets interrupted or decreased, preventing the brain cells from getting enough oxygen and vital nutrients.
Stroke and Life Insurance
After someone has been diagnosed with a stroke, it’s highly unlikely that they will be offered life insurance at standard rates. However, the rate of your premium will depend on a lot of factors.
Factors the rate of life insurance will depend on
- Type of stroke
There are two different types of stroke and the mechanisms that cause it are completely different.
Ischaemic stroke is mainly caused by the clotting of blood in an artery in the brain.
The second type of stroke, a Haemorrhagic stroke occurs when an artery in the brain bursts and the oxygen supply to that part of the brain is cut off.
The type of stroke you suffered from and the level of impact it had on your life are two of the main factors that affect your premium rates.
- The time you had a stroke
The details of the time you had a stroke will have to be provided to the insurance company.
- If you have any ongoing symptoms
Stroke can leave anyone crippled and having compromised muscle control for the rest of their lives. These include weakness in the muscles, unclear speech etc.
- If you received any surgery
If you have received a surgery to deal with your stroke, information of the same has to be provided to the insurance agency.
- If you take any form of medication
If you have been prescribed medication that you take regularly for any condition caused by your stroke the information has to be provided to the insurers.
Generally, in most cases, the insurance is provided at an increased but still decent rate of interest.
It is highly suggested that you disclose all relevant information to the insurers to avoid any conflict in the future.
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