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Angina life insurance, critical illness cover and income protection

The facts about getting life insurance with angina

Angina life insurance can provide people who suffer with angina with peace of mind and financial protection.  Your ability to obtain angina life life insurance will depend on several factors but many people suffering with medical conditions like variant angina are able to obtain cover with some loading. Angina, also known as coronary heart disease, is chest pain caused due to restricted blood flow and is often one of two main types of angina. Stable angina, where angina is brought on by specific events and can be well controlled through rest and medication or Unstable angina which is more unpredictable/difficult to manage with medication.  The amount of loading applied to any insurance with angina will vary, and you will need to provide your medical history before your life insurance company can offer cover.

What does Angina life insurance cost?

During any application for angina life insurance, underwriters need your medical history and further details of your medical conditions. Some questions you may be asked about your insurance with angina are:

  • How old are you?
  • How old were you when diagnosed with angina?
  • What is the frequency of your symptoms (e.g. chest pain)?
  • Do you have other pre-existing medical conditions (e.g. heart attack, high blood pressure and cholesterol, diabetes)?
  • What medication/treatments are you on?
  • What is your current BMI?

Your premiums for Angina Life insurance will also depend on:

  • Sum assured (£’s)
  • Term of cover (years)
  • Type of policy (e.g. Family, Mortgage, Whole of Life etc.)

Angina life insurance rates/ratings

Insurance for people who suffer with angina will likely be excepted on special terms or with some loading. The amount of loading applied to your angina life insurance will vary and people with unstable angina or severe symptoms may need to approach a specialist insurance provider. Insurance for people with stable angina will often receive more favourable rates as their type of angina is well-controlled by medication and treatment. Additional pre-existing medical conditions such as heart attack, high blood pressure and cholesterol will also have an impact on your angina life insurance.

Percentage (%) loading for Angina life insurance

Premiums for any angina life insurance are likely to contain some loading even if you have unstable angina. With percentage loading, your monthly premiums for angina life insurance will be raised by a set amount to accommodate the additional risk of your medical conditions. The amount of loading insurance underwriters can allow will vary between insurance companies. There are insurance companies that can underwrite higher risk angina life insurance policies (e.g. 250%, 400%) so it well worth applying to a specialist angina life insurance company if you have been declined previously.

EXAMPLE:

Basic premium
% loading
Final premium
£20.00 50% £30.00
£20.00 100% £40.00
£20.00 150% £50.00
£20.00 200% £60.00
£20.00 250% £70.00

Per mille loadings for Angina life insurance

‘Per mille loading’ is rarely used and often only relevant to very severe pre-existing medical conditions. This type of loading will raise monthly premiums by a set amount (e.g. £1, £2) per thousand £’s of cover applied for. This can be applied by your life insurance company flexibly either for the full term of a policy or for a specified period. It is very unlikely that ‘per mille loading’ will be applied to your angina life insurance policy.

Exclusions for Angina life insurance, critical illness cover or income protection

When searching for insurance with angina, unstable angina or other pre-existing medical conditions is likely to be offered with ‘exclusions’ applied to your life insurance policy. A variant angina ‘exclusion’ would prevent you from claiming against your angina life insurance policy for any related medical conditions. If you choose to take out an angina life insurance policy with an exclusion’ be sure to pay close attention to the policy wording. An ‘exclusion’ on your angina life insurance policy could also make you ineligible for additional benefits like, Total and Permanent Disability, Waiver of Premium and Guaranteed Insurability.

How much cover do I need?

We can’t tell you how much angina life insurance you will need to protect your assets, but we can provide you with a few guidelines. When making an application for insurance for people with pre-existing medical conditions your premiums may increase after underwriting.

  • The amount left to pay on your mortgage.
  • Any outstanding debt (e.g. Loans, second charge, credit cards and other)
  • Dependants
  • Spouse or Partner
  • Annual Income (after Tax)
  • Any financial assets (e.g. car, house, business etc.)

If you feel unsure or require more information to decide how much angina life insurance you will require to secure your family and home, see our iam insured angina life insurance calculator.

Critical illness cover can provide great peace of mind should you become unable to work. With a critical illness angina life insurance policy, you will receive a tax-free lump sum in the event you can no longer work. Critical illness angina life insurance for people with variant angina is often difficult to obtain and you may need to speak with a specialist angina life insurance company. Critical illness insurance for people with pre-existing medical conditions will often contain premium loading or ‘exclusions’ so it is important you check the policy wording closely. Some things you should consider when deciding on the amount of critical illness angina life insurance you need are:

  • Your annual Income (after Tax)
  • Mortgage/rental payments (annual)
  • Cost of living (annual)
  • Any other potential costs (e.g. medical treatment or adaptations)

Income protection insurance for people with well controlled or stable angina will be obtainable in most cases with some loading or ‘exclusions’. Income protection angina life insurance will provide you with monthly payments should you need to take time off work due to a medical emergency. This type of angina life insurance policy can provide peace of mind for people with pre-existing medical conditions like variant angina. As ‘exclusions’ could be applied to your income protection angina life insurance, be sure to check the policy wording closely as you will not be able to claim for illness related to your medical conditions. The amount of income protection angina life insurance you need will depend upon:

  • Monthly income (after tax)
  • Mortgage/rent payments
  • Debts (other)
  • Cost of living

Angina life insurance will often require loading or ‘exclusions’ so you will likely benefit from specialist insurance for people who suffer with angina. Whether you have stable angina or unstable angina rates for angina life insurance will vary wildly between insurance providers, especially if you have additional medical conditions. If you are having trouble finding angina life insurance that works for you, iam insured can help.

Iam insured are authorised and regulated by the financial conduct authority and are registered in England and Wales.  To speak with one of expert angina life insurance advisors, contact our registered office now on 01244-732-890 or send us an email to enquiries@iaminsured.co.uk.

Obtaining critical illness and income protection angina life insurance for people who suffer with angina can be difficult and will almost always include ‘exclusions’ or loading. When taking out any angina life insurance the policy wording will be very important and speaking with a specialist angina life insurance company can help you to find the best rates. If you are finding it hard to obtain critical illness and income protection angina life insurance, don’t hesitate to contact Iam Insured for specialist advice.

Our team of insurance experts will help you to get some of the best deals from the UK’s top companies to save you money.

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