November 27, 2017

vitamin B12

Life and Critical Illness Insurance with a Vitamin B12 Deficiency

If, once you’ve read this case study, you’d like to talk through your situation, please call 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

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Case study – Vitamin B12 Deficiency – Can I get Life and Critical Illness Insurance?

We have been contacted by Mrs D, a 48 year old non-smoker with regards to her insurance requirements.

She has recently moved house and requires life insurance to ensure funds are available to repay the mortgage should she pass away. Critical illness cover is also required to provide personal protection for both her and her children should they suffer a serious medical condition.

As with many people, Mrs D searched on the internet and found the cheapest policy available. The plan provided a level term life insurance policy with a sum assured of £160,000 plus a critical illness policy with a sum assured of £50,000. Both plans had a term of 20 years and the total monthly premium was quoted as £64.55 a month.

Mrs D applied for the policy but was surprised to be told that the cost had increased to £73.11 a month as she disclosed that she suffers from B12 Deficiency.

What is Vitamin B12 or B9 deficiency? 

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 can’t function properly.
A deficiency in either of these vitamins can cause a wide range of problems including: extreme tiredness and a lack of energy.

Mrs D has been told that that she doesn’t have an underlying condition causing the deficiency and she is treated by B12 injections every three months.

The Outcome

Mrs D contacted us to see whether the increase in premium is normal. We were quickly able to explain that a number of Insurance Providers will not increase the premium and that we can in fact arrange a policy costing £64.20 a month which is lower than the original quote she found on the internet.

Furthermore, we explained that each Insurance Provider offers a different critical illness. Mrs D had applied for one of the least comprehensive policies available.

Mrs D was pleased when we were able to arrange replacement policies with one of the best critical illness contracts available on the market today which offers life insurance of £160,000 plus critical illness cover of £50,000 over a 20 year term for a premium of £68.11 a month. The new policy covers 20 more medical conditions than are available with her original plan.

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.

How to contact us:

Whilst you are welcome to get a quote on-line but we would recommend you talk to one of our advisers.

Your adviser will take into account your medical history. Any quote which they provide to you will take into account to your situation, your medical history, as well as your budget!

An on-line 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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Do you suffer with a medical condition and are concerned you can’t secure Life or Critical 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.

For more information on Vitamin B12 deficiency click on NHS Choices.

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Client Ref 80389875