Q: How will Covid affect my Life Insurance?

Generally speaking, it’s won’t.Not a jot if you didn’t require in-patient treatment and are now back to your best. You will get a life insurance quote as per normal pre-Covid times if this is the case.Remember that, a time before Covid? No, us neither.

Q: I was approved for mortgage protection but now I have Covid!

Scheiße.You’re going to have to go back to the insurer and tell them (unless your policy has already started – see next question)Unfortunately, they will revoke your cover and postpone offering insurance until you’re recovered for 30 days.Of course, you could forget to tell the insurer, but if you’re unfortunate enough to have a claim, they will refuse to pay it.

Q: If I am fully vaccinated and have an underlying condition, will I get life insurance?

Insurers don’t treat unvaccinated people any differently.They assess the risk of the underlying condition rather than whether someone is vaccinated.

Q: I work in the healthcare sector. Is this a problem?

Covid has changed many things, but it doesn’t change how your application works as a healthcare worker. You will still be treated just the same as you were previously. After all, you healthcare workers have plenty of other difficult issues to deal with daily, Covid aside. Thank you. ?

Q: What about income protection? Am I covered for Long Covid?

Em, there’s hasn’t been a peep about Long Covid from the insurers.It’s the one condition I was sure they would exclude from income protection policies, but no, the insurers are still happy to pay your claim if you cannot do your job due to Long Covid.However, getting a medical practitioner to confirm a diagnosis of Long Covid may be an issue ?

Question 1

How will Covid affect my Life Insurance?

Accepted Answer

Generally speaking, it&#8217;s won&#8217;t.Not a jot if you didn&#8217;t require in-patient treatment and are now back to your best. You will get a life insurance quote as per normal pre-Covid times if this is the case.Remember that, a time before Covid? No, us neither.

Question 2

I have Covid. When can I get life insurance?

Accepted Answer

Well, this is awkward.The good news is that once you are recovered from Covid for about a month, you can get in touch about life insurance. The bad news is that we would prefer it if you didn&#8217;t call over for that dinner party on Saturday night.Apologies…The same is actually true for your mortgage protection. Go, get yourself better, then start that application process. Once you are fit and healthy, there won&#8217;t be an issue with either your life insurance or mortgage protection applications. Of course, other factors come into play, so the best thing you can do is get in touch with us, and we&#8217;ll talk you through it.

Question 3

I was approved for mortgage protection but now I have Covid!

Accepted Answer

Scheiße.You&#8217;re going to have to go back to the insurer and tell them (unless your policy has already started &#8211; see next question)Unfortunately, they will revoke your cover and postpone offering insurance until you&#8217;re recovered for 30 days.Of course, you could forget to tell the insurer, but if you&#8217;re unfortunate enough to have a claim, they will refuse to pay it.

Question 4

I have Covid - should I notify my life insurance provider?

Accepted Answer

No, once your policy is in place, you don’t have to tell your insurer about any new health conditions that arise, including COVID.That’s why you should start your policy asap, especially if it’s a mortgage protection policy and you’re due to close shortly.

Question 5

How has Covid changed life insurance?

Accepted Answer

At the start of the pandemic, the insurers pretty much stopped taking on any risk.However, they realised Covid primarily caused deaths in older people and those who had underlying health problems over time. Of course, there are exceptions, but numbers-wise, those are the people it hit the hardest. Consequently, they didn&#8217;t offer cover to older adults or those with certain underlying health conditions for around three months.But fast forward another 18 months, and they are considering cover if you are elderly or have a co-morbidity (high BMI, diabetes, heart issues)

Question 6

If I am fully vaccinated and have an underlying condition, will I get life insurance?

Accepted Answer

Insurers don&#8217;t treat unvaccinated people any differently.They assess the risk of the underlying condition rather than whether someone is vaccinated.

Question 7

I work in the healthcare sector. Is this a problem?

Accepted Answer

Covid has changed many things, but it doesn&#8217;t change how your application works as a healthcare worker. You will still be treated just the same as you were previously. After all, you healthcare workers have plenty of other difficult issues to deal with daily, Covid aside. Thank you. ?

Question 8

If I die from taking one of the Covid-19 vaccines, will my insurance still payout?

Accepted Answer

It depends on which vaccine kills you.Relax, only a bit of irreverence there to lighten the mood because we&#8217;re all so sick of vax-chat.Firstly, it is unlikely (in fact, make that &#8216;extremely unlikely&#8217;) that the vaccine will kill you. If you are medically at risk from the vaccine, your doctor will probably insist that you do not take it.However, you are covered in the unlikely case that taking the vaccine results in your death.

Question 9

What about income protection? Am I covered for Long Covid?

Accepted Answer

Em, there&#8217;s hasn&#8217;t been a peep about Long Covid from the insurers.It&#8217;s the one condition I was sure they would exclude from income protection policies, but no, the insurers are still happy to pay your claim if you cannot do your job due to Long Covid.However, getting a medical practitioner to confirm a diagnosis of Long Covid may be an issue ?

Question 10

Can I still apply for life insurance in these Covid times?

Accepted Answer

Of course. It may take a little longer than usual. You may even need to supply more details about your medical situation than before. All of the insurers would be only delighted to take your hard-earned.If you are currently in isolation after a positive test or arriving back from a foreign country, then maybe hold off until you get the all-clear.But apart from that, if you think you need life insurance, mortgage protection or income protection, we’d love to help.Complete this short questionnaire, and I’ll be back in less time than it takes you to wash your hands.

Medical Issues & Life Insurance

Life insurance and the Dreaded Covid: What You Need To Know

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