November 19, 2020

Arranging life insurance if you suffer from Kidney Stones

Arranging life insurance if you suffer from Kidney Stones

Overview – what are Kidney Stones?

Kidney stones are hard masses that can develop in one or both of the kidneys, and most often affect people aged 30 to 60. ( NHS April 2019)

They are quite common, and more than 1 in 10 people suffer with them. Kidney stones are usually found in the kidneys or in the ureter, the tube which connects the kidneys to your bladder and can be extremely painful.  These stones can lead to kidney infections, or cause the kidney to stop working properly if left untreated. ( NHS April 2019)

The medical name for kidney stones is nephrolithiasis and if the stones cause severe pain, this is known as renal colic.

Symptoms of kidney stones

Small stones can be passed painlessly in the urine, and may even go undetected. However, it is fairly common for a stone to block part of the urinary system, such as:

  • The ureter – the tube connecting the kidney to the bladder
  • The urethra – the tube urine passes throughout the body

Larger kidney stones can cause several symptoms, including:

  • pain in the side of your tummy (abdomen)
  • severe but intermittent pain
  • nausea or vomiting
  • urinary tract infection

What causes kidney stones?

Waste products in the blood can occasionally form crystals that collect inside the kidneys and over time, the crystals may build up to form a hard stone-like lump.

This is more likely to happen if you don’t drink enough fluids, are taking some types of medication, or have a medical condition which raises the levels of certain substances in your urine. After a kidney stone has formed, your body will try to pass it out in your urine, which means it will often travel through the urinary system (the kidneys, kidney tubes and bladder).

For more information, visit the NHS website 30th April 2019

Arranging life insurance if you suffer from Kidney Stones

Our client: How does suffering from Kidney Stones affect arranging life insurance?

We were approached by a 61-year-old male non-smoker as he wanted to review his life insurance requirements.

He had arranged a life insurance policy 5 years previously to offer financial security for his family should he pass away before the age of 70. However, this policy was due to expire in the not too distant future, and he was conscious that he really needed cover over a longer-term. The policy had a sum assured of £150,000 and he was paying a monthly premium of £51.96.

Our client had recently arranged a second policy with a different insurer.  This policy had a sum assured of £80,000, over a term of 19 years for a monthly premium of £69.00, so his combined monthly premium was £120.96.

Whilst reviewing his existing policies, we noticed that his premiums were higher than we would have expected.

Further investigation found that both insurers had increased (loaded) their premiums because he has suffered from kidney stones for the last twenty years. He told us that the kidney stones do not cause him discomfort and that he continues to work on a full-time basis.  In addition to this, his GP had not recommended surgical removal of the stones.

Our process and advice

At Future Proof, we have access to specialist insurance companies who don’t deal directly with the public but can offer more specialised policies that are designed to provide cover where other major providers can’t.

Our research process involves us contacting many insurers to find out the best possible outcome for our clients, which avoids any nasty shocks later on during the underwriting process.

Would the insurer add a ‘loading’ to their standard premium? (this is an additional sum charged on top of their standard monthly premium to reflect their additional risk).

Might they decline the application? We want to avoid wasting time by making applications which may be declined.

We have up to date knowledge of the ever-changing landscape of underwriting for all providers in the UK and are committed to thorough research so that you don’t have to. What’s more, our advice comes at no obligation and with no hidden costs.  You don’t pay us directly but we do get paid by the insurer if you decide to start a policy with them.

The outcome

We contacted various Insurance Providers, and all of them, except one, felt that our client‘s medical history warranted a “loading” or increase to their standard premium of between 25% and 50%.

However, the one exception took a more pragmatic approach to his condition and felt that as the kidney stones are not causing a detrimental effect, they would offer him cover on standard terms with no loading

Our client was delighted and now has a new policy offering a sum assured of £150,000 over a term of 19 years for a premium of £81.95.

Case ref: 100964999

All our case studies are based on actual client scenarios, many of which pre-date 2020.  We are confident that the acceptance decision made by the insurers would still be offered. Although it is likely that the rates will have changed, your own circumstances will determine whether what amount will be payable by you and would be fully discussed with you before any plan is implemented.

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.

Call Freephone 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

Please feel free to read our Independent client reviews, or read about the team at Future Proof

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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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