Why does my health affect the cost of my cover?

Insurers want to know whom they’re protecting and what they’re protecting them from. Knowing the risks lets insurers price their policies competitively.

Say you’ve got high blood pressure: most insurers will try to work out how much greater chance you have of being taken ill or dying compared to someone who hasn’t, and they’ll price your cover accordingly. (Similarly, if you take medication that controls your blood pressure and decreases your chances of illness, your insurer will decrease the cost of your cover too.)

It’s especially important to seek advice if you have a busy medical history. Different insurers take different views on different illnesses, and a condition that might increase the cost of one policy might cost a lot less with another.

LifeSearch will compare cover from all of the UK’s leading insurers to find the policy that best suits you. Call us.

Call the experts on:
0800 316 3166

Words of Wisdom

  • "It might seem unfair that healthy people pay less for insurance - until you realise that everyone paying the same requires those in good health to carry the costs of those who aren't. Insurers try to match the cost of the individual risks to individual benefits - and work out the fairest price each time."
  • Amanda Curwood - Senior LifeSearch Adviser

Did you know?

  • Relatively few insurance claims are rejected - but non-disclosure of relevant medical information is the number one reason they are.
  • "Income Protection is the one policy every working adult should consider" - WHICH?