[ Homepage ] [ About Us ]

Will my medical history influence my premium?

The answer is Yes, it will.

When an insurance company calculates the premium to charge you, it has to estimate how long they think you will live. In the case of Critical Illness Insurance, they also need to assess the likelihood of you becoming seriously ill whilst the policy is in force.

This assessment process takes into account a number of factors: for example your age, whether you smoke, your occupation and your health record. If your health record that points to potential problems, or you have asked for a high level of insurance cover, the insurance company will probably require more information about your health.

To get more medical information they may decide, with your approval, to write to your GP for information or to ask you to have a short “mini-medical”, or even a full medical. (The insurance company meets the cost of all these medical reports.)

The following Frequently Asked Questions are related to the above topic. You may care to read them: -

Do I need a medical?
Is the quoted price the same as the price I get charged?
Can Life Insurance cover be arranged quickly?

Questions we get asked about Life Assurance

What is the difference between Life Assurance and Life Insurance? | What is a Whole of Life policy? | When might I want Life Assurance as opposed to Life Insurance? | What are the alternatives to Life Assurance? | How can I cash in my Life Assurance policy? | How can I buy a Life Assurance policy?

Questions we get asked about Life Insurance and other protection insurance

Why are life insurance prices so low on the Internet? | What is the difference between a Life Insurance Company and a Life Insurance Broker? | Can I get a Quote now online? | Is the quoted price the same as the price I get charged? | What is a “Rated” policy? | Can Life Insurance cover be arranged quickly? | What does Life Insurance do? | What is the difference between a Reviewable and a Guaranteed policy? | What are the most common optional extras available on life insurance policies? | What does “Term Insurance” mean? | What does “Level Term” insurance mean? | What does “Decreasing Term” insurance mean? | What does Mortgage Life Insurance do? | What does Mortgage Payment Protection Insurance do? | What does Family Income Benefit Insurance do? | What does Income Protection Insurance do? | What does Critical illness Insurance do? | What does Terminal Illness Insurance do? | How does age affect premiums? - Will my premiums increase over time? | Will my medical history influence my premium? | Do I need a medical? | Are smokers charged more? | Are there any extras to pay? | If I die, how is a claim made? | Is a UK Life Insurance policy valid if I work abroad?