Life assurance
Difficulties can be experienced while trying to arrange life protection products. It is important that you declare your diabetes when applying for any type of life protection.
However, any insurance policies you hold at the time you are first diagnosed are unaffected. In this case, the premiums remain unaltered and you do not need to declare your diabetes.
The Disability Discrimination Act has not reduced premiums for life assurance or health related policies as there is proof of higher risk rates in these areas for people with certain conditions, including diabetes.
How it works
On receipt of an application form from a person with diabetes, most companies will ask for a questionnaire to be completed. They may also ask for further information from your diabetes consultant or GP. The underwriter can then calculate if there is an increased risk and reflect this in the premium or exclude certain conditions from the policy.
Although diabetes can be treated, people with diabetes are more likely to develop complications involving the eyes, heart, feet, kidneys and the nervous system. This means that premiums are likely to be more expensive for people with diabetes.
How Diabetes UK Insurance Services can help
On behalf of Diabetes UK, Diabetes UK Insurance Services has obtained favourable underwriting terms from several insurance companies. You will now be able to apply for the following protection products:
- Term Life Assurance
The plan is designed to pay a lump sum should you die within the term of the policy.
- Income Protection (Permanent Health Insurance)
The plan is designed to pay you a regular income after a waiting period should you be unable to work through illness or disability. The income will be paid until either your return to work, your death or the expiry of the policy.
- Unemployment Cover
The cover aims to pay you a regular tax-free income to cover the cost of your mortgage payments if you become involuntarily unemployed during the cover term. The benefit is paid for a maximum of 12 months for any one claim.
By answering the questions on the life assurance proposal questionnaire which is downloadable from the section on the right hand side, Diabetes UK Insurance Services will be able to assess your needs and requirements to provide you with an indication of a possible life assurance quotation, which will be posted to you within one working day of receipt of your completed form.
Unfortunately, we may not be able to offer terms to everyone, but we do guarantee a sympathetic approach.
If you would like to proceed with your application, you will be required to fill in the full proposal form, which will be provided to you before we can issue a tailor made quote. Once you have completed the form, you can either email it to back to the dedicated email address at Diabetesfs@heathlambert.com or fax it back to 01603 625230.
If you have any queries or have any questions regarding the form, please telephone 0800 731 7431.
For more information or a quotation please call free on 0800 731 7431 or email diabetes@heathlambert.com
Diabetes UK Insurance Services is a trading name of Heath Lambert Limited. Heath Lambert Limited is authorised and regulated by the Financial Services Authority.
Registered office: 133 Houndsditch, London, EC3A 7AH. Registered No. 1199129, England and Wales.