January 28, 2020
How will a collapsed lung affect a life insurance application?

How will a collapsed lung affect a life insurance application?

Our client

We were approached by Mr D, a 44-year-old non-smoker.

He was in the process of buying a new home, and his mortgage adviser had struggled to obtain life insurance for him due to his medical history.

A number of years previously, Mr D had suffered a Spontaneous Pneumothorax or (collapsed lung), which is more likely to affect men than women and is more likely to happen in tall, thin people.

You’re more likely to have a pneumothorax if you:

  • have an existing lung condition
  • smoke
  • have had a pneumothorax in the past

Ref: British Lung Foundation October 2019

Although Mr D made a full recovery, it was discovered that the underlying cause was Chronic obstructive pulmonary disease ( COPD ). COPD describes a group of lung conditions that make it difficult to empty air out of the lungs due to the airways becoming narrowed. This was thought to have been the cause in Mr D’s case as he had been a cannabis smoker when he was younger.

Our process and advice

We felt that we could use our wealth of insurance and medical underwriting knowledge to help Mr D obtain the cover he needed.
Once we had a good understanding of his situation, requirements and medical history we started our research process.

This involves us contacting many, and in some cases all, of the UK’s leading insurers to discuss our client’s requirements. The purpose of this is to establish how they might treat his application and his condition of having a collapsed lung.

We contacted various insurance providers and most of them felt that the combination of medical conditions and cannabis use would cause either the premium to be heavily increased or life insurance to be declined completely.

The outcome

We found one insurance company which was willing to offer life insurance on standard rates. This meant that Mr D would pay the initial quoted premium without an additional amount added on top to reflect any additional risk for the insurer.

We completed the medical questionnaire with Mr D over the telephone and the life insurance policy was ready to start within 20 minutes; in plenty of time for the new mortgage to start!

Furthermore, Mr D was extremely pleased to obtain the life insurance well within his budget.  The policy offered decreasing term life or earlier terminal illness cover with an initial sum assured of £60,000, over a 25-year term for a monthly premium of £10.07.

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.

Client ref: 147914085

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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