Suffering a medical condition such as epilepsy makes life hard enough, but what if you get turned down for life insurance because you are an epileptic?
Some of the larger life insurance companies aren’t really interested in offering life cover to people with any medical conditions because of the extra underwriting that is required – they need to write to your doctor to get your medical history, then review the medical information, all of which adds to their costs. If they decide to then decline your application they will not recoup this cost. Therefore for some companies epileptics can be a straight decline. There are however life insurance companies out there who will offer you life cover.
Rhoda Lawrence of Life Insurance Help explained “we specialise in getting life insurance for epilepsy sufferers. We talk to all the insurers and discuss the severity of your epilepsy with them. We are then able to identify those insurers who are most likely to offer you life insurance at the cheapest monthly premium”.
The insurers are mainly interested in how long you have suffered with epilepsy, how frequent your attacks are, and whether you actually lose consciousness. The type of epilepsy that you have been diagnosed with can also impact on the insurer’s assessment of your life insurance application – for example have you been diagnosed with grand mal epilepsy, petit mal, temporal lobe epilepsy, optical lobe, frontal lobe or parietal lobe epilepsy. It is important that you know this.
The insurer will also want to know whether you have had to give up your driving licence. For those epileptics who haven’t had a fit for a couple of years and who still hold their driving licence, Life Insurance Help have been able to get epilepsy sufferers life insurance at “standard” rates, i.e. the same monthly premium as for someone who is completely healthy.
Even if you have had a vagus nerve stimulator implanted to help with your epilepsy, you should still be able to get life insurance. It may be that the life insurance companies will “load” or increase your monthly premiums to reflect your medical history, but Life Insurance Help will help you through the whole process of getting life cover.
It is also possible, on occasion, to get critical illness cover for epilepsy sufferers. The underwriting process for critical illness applications tend to be tougher, and so it can be harder to get critical illness cover, and this will depend on the severity of your epilepsy. However if there is an insurer out there who will offer you critical illness insurance, the consultants at Life Insurance Help will find them!