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Fibromyalgia Life Insurance

Facts about Fibromyalgia life insurance

Have you been diagnosed with fibromyalgia? Or maybe your loved one suffers with the daily living and symptoms of fibromyalgia? We understand how much of a difficult and painful condition this is to have, with a large level of uncertainty. However, you shouldn’t feel uncertain about your future, and that is why we work with reputable life insurers to bring you fibromyalgia life insurance.

If you would like to discuss our wide range of insurance cover from fibromyalgia life insurance, to income protection, critical illness cover and travel insurance, contact our team today 01244 732 890.

We understand that this is a difficult time for you, and therefore we will do our upmost to understand your requirements and find you the most suitable, yet affordable fibromyalgia life insurance cover.

How much does fibromyalgia life insurance cost?

When applying for fibromyalgia life insurance, insurance providers will want to gain a clear view of your diagnosis. To do this, it is likely that they will contact your personal GP to understand the extent of your fibromyalgia, symptoms, treatment and any pre-existing medical conditions.

When considering the cost of your fibromyalgia life insurance, figures will vary depending on the insurance company you select, along with the underwritten policy guidelines. If your fibromyalgia diagnosis is mild and you can cope with your symptoms, cover under standard rates is likely to be offered. However, if your diagnosis is greater, where strong medication or mental health issues such as depression are present, your premiums are likely to increase.
To apply for fibromyalgia life insurance, contact our expert team today on 01244 732 890.

Your premiums for fibromyalgia life insurance will depend on:

  • Your current fibromyalgia diagnosis, including any symptoms and treatment.
  • Any pre-exiting medical conditions.  
  • The type of insurance product you’re looking for – (Income protection, critical illness cover, travel insurance).
  • The term of your fibromyalgia life insurance policy.

Percentage (%) loading for fibromyalgia life insurance

When considering the cost of your fibromyalgia life insurance cover, insurance providers will take your diagnosis into consideration through percentage loading. Percentage loading is where an additional percentage will be added onto your premiums based on your personal circumstances. We advise you to read your providers terms and conditions as percentages can vary when applying for fibromyalgia life insurance.

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 fibromyalgia life insurance

Along with percentage loading, insurers also use ‘per mille loading’ strategies when considering your fibromyalgia life insurance application. Per mille loading is where an additional amount will be added onto your premiums, which is calculated on the amount of cover you apply for. To find out how this can influence the cost of your fibromyalgia life insurance policy, contact our team today 01244 732 890.

An additional outcome you may experience when applying for fibromyalgia life insurance is ‘exclusions’. Exclusions are classified as conditions or symptoms linked to or caused by your fibromyalgia diagnosis. Depending on the severity of your diagnosis, they can be excluded from your life insurance policy.
To receive your own quote, whether that be for fibromyalgia life insurance, critical illness cover, income protection or travel insurance, get in touch with our team!

Similar to cost, it is difficult to give a full recommendation for cover amounts when you’re applying for fibromyalgia life insurance policy, or income protection, critical illness cover or travel insurance. However, there are some factors which can provide you with a personal estimation on the amount of cover you require/can afford:

The process of obtaining fibromyalgia life insurance cover is straightforward if your diagnosis is mild and you experience little/no symptoms. However, if your diagnosis is greater and a level of mental health issues such as depression are present, exclusions and premium increases may be applied to the underwritten guidelines of your life insurance policy. Here are some factors you should consider when considering cover amounts for fibromyalgia life insurance:

  • Mortgage amount (£’s)
  • Outstanding debt (e.g. Loans, second charge, credit cards and other)
  • Dependents
  • Spouse or Partner
  • Income (after Tax)
  • Assets (e.g. car, house, business etc.)

 To obtain your own personal life insurance quote, contact our team today 01244 732 890.

When applying for critical illness cover, if your fibromyalgia is well controlled and has little effect on your day to day living, critical illness cover should be offered under standard terms. However, if your symptoms are greater and have a big impact on your health, critical illness cover will be available, however an increase of premiums will be applied. To gauge the amount of cover required for critical illness cover for those with fibromyalgia, read on:

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

If you currently work, we understand why income protection cover would be of benefit. If your fibromyalgia diagnosis is mild and you have been symptom free for over a year, most insurance providers will offer standard rates. However, if your symptoms are present, premium loading and exclusions will be applied to your income protection policy. If you are eligible for income protection cover, we recommend considering the following factors:

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

To discuss your application for income protection cover, contact our team today 01244 732 890.

If you are looking to travel abroad, most insurance companies would advise purchasing travel insurance suitable for those with pre-existing medical conditions. This will ensure that your fibromyalgia symptoms are covered while abroad. To find out more, click here [LINK].

Here at Iam Insured, we understand how difficult this time must be for you, and that is why we pair up with the most reputable life insurance providers going. From our fibromyalgia life insurance policies, to critical illness cover, income protection and travel insurance, we ensure suitable products and underwritten guidelines are provided.

We will take your personal circumstances into consideration, ensuring that support is available to help you protect what is important to you.
To progress your fibromyalgia life insurance application, contact our team today! [TEL/EMAIL]

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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