Can I get mortgage life insurance with a pre-existing condition?

I would like to cover my mortgage with life insurance so my wife can pay it off if something happens to me but I have a pre-existing medical condition, would the insurer just decline my application?

Question asked by Brendan Irvine
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Answered by Andrew Jenkinson

Not necessarily by any means, it would all depend on what that medical condition is. In fact, when it comes to making applications it is very rare that no previous or current medical conditions are disclosed.

For example, it is very common for high blood pressure to be disclosed and insurers usually offer standard premiums so long as it is well controlled and there are no other heart risks. Naturally, if the medical condition is more serious the insurer may need to alter the policy terms.

I have a serious medical condition now

If you have a medical condition that is imminently life threatening, life cancer, then it is unlikely any insurer will offer cover unfortunately.

If the condition is serious but not imminently life threatening, like ulcerative colitis, the insurer may be able to offer terms but may require an additional premium to offer cover (exclusions are very uncommon with life insurance).

I had a serious medical condition in the past

It is very common for people who have had a serious condition in the past to want life insurance as they are fully aware of the risks faced. Whether the insurer is able to offer cover and, if so, on what terms would depend on the following:

  • The exact diagnosis of the condition?
  • How long ago symptoms were last experienced?
  • How severe the condition was (e.g. the staging with cancer)?
  • How long the condition persisted?
  • What types of treatment and medication were needed?

In these circumstances it is very likely that the insurer would need to request GP notes to get the full details before making a decision.

Can I get an initial idea if cover would be offered?

Yes, if you are able to broadly answer the questions above an adviser can speak to the underwriters at all leading insurers to see which insurers would be willing to consider offering cover and, if so, which insurer is likely to offer the most favourable terms / premiums, just give us a call.

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This information does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 02084327333 should you require financial advice. It is important to ensure any insurance policy you take out is suitable for your needs.
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