How will my health affect my application?
When you apply for life insurance, insurers assess your health and lifestyle to determine the level of risk involved in providing you with coverage. This process, called underwriting, evaluates factors such as pre-existing medical conditions, family medical history, age, and lifestyle habits like smoking or hazardous activities.
The insurer may adjust your policy terms if you have a health condition or other risk factors. This could involve offering the policy at a higher premium, known as a premium loading, or excluding claims related to specific conditions. In some cases, additional medical tests or reports may be requested to understand your health better before they can provide you with an offer.
Every application is considered individually. Providing accurate and detailed health information helps insurers better assess your circumstances, ensuring the process is as straightforward as possible. If you’re unsure, speak with one of our team members.
