What does heart disease mean for your insurance?

Can you still get insurance if you have heart disease?

When you've already had (or currently have) heart disease, you are more likely to make a critical illness or disability claim and to claim under your life cover sooner than the average person. But that doesn't mean that you can't get cover. Instead of deciding not to offer you cover, an insurer may choose to do the following:

If your heath improves, you can ask for a loading or exclusion to be reviewed but there's no guarantee that an insurer will change their original decision. This is because you already have permanent damage to your heart and an increased risk of heart disease in the future. Even mild heart attacks are taken very seriously.

Is cover with a loading or exclusion still worth it?

When you have a health condition like heart disease, it's easy to believe that you won't be able to get cover or that the cover you will be able to get won't be affordable. It's also easy to assume that that's the only life-threatening condition you'll have to face so there's no point in getting cover if you'll just end up with an exclusion.

But this is simply not the case. The key point is that an exclusion or loading can actually be a good thing. In many cases, an exclusion means getting cover (for everything except a specific condition) at the same price as the average person rather than not being able to get any cover at all. In the case of a loading, you might pay more for your life cover but you will still be fully covered for all conditions. Applying for insurance can be intimidating (especially if you have a health condition) which is one of the reasons why consulting with a professional financial advisor who is skilled in negotiating with insurers on your behalf is so important.