The facts about getting life insurance with AnorexiaMental health conditions such as Anorexia can have a variety of effects on life insurance applications, depending on the severity of your condition and its cause. If you have Anorexia and you need Life Insurance, talk to our experts at Iam Insured who can find you the right cover for your circumstances at an affordable price.What does Anorexia life insurance cost?If you suffer from Anorexia and need life insurance, critical illness cover, or income protection then you will need to provide insurers with information about your condition. Insurance underwriters will assess your application for Anorexia life insurance based on the following: When you were first diagnosed with Anorexia Last symptoms you experienced Current treatments you are undertaking Any medication including dosage Causes of your AnorexiaYour premiums for Anorexia life insurance will also depend on: Sum assured (£’s) Term of cover (years) Type of policy (e.g. Family, Mortgage, Whole of Life, etc.)Anorexia life insurance rates/ratingsRates for any non-standard cover such as Anorexia life insurance will vary from one insurance provider to another depending on their underwriting philosophy. Insurance providers use a risk-based scale to determine the amount you will pay for your cover which uses a ‘percentage loading’ or ‘£’s per mille loading’. All insurance companies have their own underwriting criteria which will also change over time, so can be difficult to predict unless you regularly speak to them.Percentage (%) loading for Anorexia life insuranceA percentage loading basically applies a % to your standard premium based on the levels of risk calculated for your own circumstances. Your percentage loading will apply a multiple to your Anorexia life insurance premium, which will be based on your health at the time of your application. You should also know that some insurance providers have different maximum levels to others, so some are prepared to take on higher risks (e.g. 250% or 400%).Per mille loadings for Anorexia life insuranceYou may also find that a ‘per mille loading’ could be applied to your Anorexia life insurance premiums, but this is rarer and only tends to be used for more severe conditions such as Cancer. A ‘per mille loading’ will be an additional amount that is applied to your premiums which is based on the amount of cover you are applying for (e.g. £2 per thousand £’s of cover). The other difference with a ‘per mille loading’ is that it can be applied for the whole term of your Anorexia life insurance policy, or for a period of time from the start of your policy (e.g. 2, 3, 4, or 5 years).Exclusions for Anorexia life insurance, critical illness cover, or income protectionAnother potential outcome when applying for a non-standard cover such as Anorexia life insurance, critical illness cover, or income protection is for an ‘exclusion’ to be applied to your policy. This means that you may have certain conditions that can be linked to your Anorexia excluded from your policy. You may also find that certain additional benefits could be excluded such as Total and Permanent Disability, Waiver of Premium, or Guaranteed Insurability.How much cover do I need?It is difficult to say how much cover you need when you are applying for an Anorexia life insurance, critical illness cover, or income protection policy. There are however some simple rules that you can follow which will give you a good idea of how much coverage you need before you apply.NB. You should also be aware that an Anorexia life insurance, critical illness cover, or income protection policy could increase after underwriting to reflect any additional risks of claim, so affordability may be a consideration.Anorexia life insurance amounts of cover Mortgage amount (£’s) Outstanding debt (e.g. Loans, second charge, credit cards, and others) Dependants Spouse or partner Income (after tax) Assets (e.g. car, house, business, etc.)Anorexia critical illness cover amountsCritical illness cover is slightly different from life insurance in the sense that it is designed to provide a lump sum payment if you are diagnosed with a critical or serious illness. Most people relate this type of cover to Cancer, which is the biggest reason for claims for critical illness cover. Things to consider are: Income (after tax) Mortgage payments (annual) Cost of living (annual) Any other possible costs (e.g. medical treatment or adaptations)Critical illness cover for people with Anorexia can often be available standard rates, but more severe cases could be declined. Like life insurance, your Anorexia critical illness cover application will be dependent on your health, BMI, and whether you are currently suffering from any symptoms. You may also be required to provide a GP report so underwriters can assess your level of risk. Premium loadings are applied if there are current symptoms, if you are currently being treated for Anorexia, or if you have another underlying condition or mental health issue.Anorexia income protection amounts of coverIncome protection is a very flexible product with a lot of options and variables so you need to consider your own circumstances before you consider this type of policy. If you work and especially for people who are self-employed, an Anorexia income protection policy can be a valuable product to give you peace of mind if anything happens to you. Some of the main aspects to consider are: Monthly income (after tax) Mortgage/rent payments Debts (other) Cost of livingIt is possible to get an Anorexia income protection cover in certain circumstances if your BMI isn’t too low. With any income protection policy, it is important to ensure that you have no major health concerns that could affect your ability to work. Talk to our experts at Iam Insured, who can help you discover options available to you.