January 14, 2020
How will life insurance companies view having Anaemia?

How will life insurance companies view having Anaemia?

Our client

We were contacted by Mrs G, a 51-year-old non-smoker who needed Life insurance in place to protect her outstanding mortgage.  She had struggled to obtain life cover in the past due to suffering repeated bouts of Anaemia, which had caused concern with the insurers she had approached.

What is anaemia?

Anaemia is the general term for having either fewer red blood cells than normal or by having an abnormally low amount of Haemoglobin in each red blood cell.
Vitamin B12 or B9 (commonly called folate) deficiency Anaemia occurs when a lack of vitamin B12 or folate causes the body to produce abnormally large red blood cells that cannot function properly.

Our process and advice

However, we were confident that we could use our wealth of insurance and medical underwriting knowledge to help Mrs G obtain the cover she needed.  Once we had a good understanding of her situation, requirements and medical history we started our research process.

We approached all of our usual insurance providers to get an indication of the terms they might offer Mrs G.

Many of them were concerned that she had not been given the exact cause of her Anaemia and therefore declined to offer her cover.  However, one company was willing to offer her cover because they viewed her Anaemia to be low risk.

Mrs G was relieved to obtain a Decreasing Term Life Insurance policy on standard rates with an initial sum assured of £58,000, over a term of 14 years for a monthly premium of £15.67.

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Please note that any premiums mentioned are indicative only and based on this specific case study/ example, which is shown for information purposes only. Your own circumstances will determine whether the amount payable is more or less than the figure quoted.

Next steps

Whilst you are welcome to get a quote online, we would recommend you speak to one of our advisers.

Any quote that your adviser provides you with will take into account your circumstances and medical history, as well as your budget!

An online quote is just that – a quote – it isn’t a definite offer of cover. What really matters is the premium you are offered, after your application has been assessed.

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Take a look at our handy guides ‘What Cover is Right for me?’

Do you suffer from a medical condition and concerned you can’t secure Life Insurance?  Please view our ‘Medical Guides’ for further information.

Whilst we will make every endeavour to help someone to arrange insurance, there is no guarantee of success.  All applications are subject to underwriting.

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