fbpx

Huntington’s disease life insurance, critical illness cover and income protection

The facts about getting life insurance with Huntington’s disease

Applications for Huntington’s disease life insurance will often require people in England and wales to seek out a specialist insurer. Even if you have not been diagnosed with Huntington’s disease, in some cases, a family history of Huntington’s disease could affect life insurance policies. Huntington’s disease is closely related to genetics and insurance companies could request test results from a genetic test if you apply for Huntington’s disease life insurance over £500,000. If you are under the age of 50 and your medical condition is mild, you may be able to obtain Huntington’s disease life insurance at standard terms. However, it is very likely insurance companies will apply loading to your premiums.

What does Huntington’s disease life insurance cost?

During any application for Huntington’s disease life insurance, insurance companies will need to look closely at your medical history. This is standard practice for any life cover where there is a pre-existing condition. Some questions British insurers may need to ask are:

  • When were you diagnosed with Huntington’s disease?
  • How severe are your symptoms of Huntington’s disease?
  • Do you have any other medical conditions?
  • Have there been any issues with your joints or mobility?
  • Have you had to take any time off work because of your Huntington’s disease?

Your premiums for Huntington’s disease Life insurance will also depend on:

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

Huntington’s disease life insurance rates/ratings

Huntington’s disease life insurance will often require specialist insurance companies and will usually receive some loading. Standard terms can sometimes be achieved if you have not had a genetic test for Huntington’s disease or are not displaying severe symptoms. A family history of Huntington’s will often lead to non-standard terms being applied to your Huntington’s Disease life insurance.

Percentage (%) loading for Huntington’s disease life insurance

If percentage loading is added to your Huntington’s disease life insurance policies, monthly premiums will be raised by a set percentage. This is common throughout the insurance industry and will usually occur after your medical history is assessed.  Insurance companies have different levels of maximum loading (e.g. 250%, 400%) so, if declined, you may be able to obtain Huntington’s disease life insurance elsewhere

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 Huntington’s disease life insurance

If ‘per mille loading’ is applied to your Huntington’s disease life insurance premiums, your monthly payments will be increased by a set amount (e.g. £1, £2) per thousand £’s of cover applied for. ‘Per mille loading’ can be very flexible, and insurance companies can add it to life cover for varying periods of time. As ‘per mille loading’ is only rarely used, you are unlikely to find it attached to your Huntington’s disease life insurance.

Exclusions for Huntington’s disease life insurance, critical illness cover or income protection

If you have been diagnosed with Huntington’s disease you will likely find ‘exclusions’ added to your Huntington’s disease life insurance. ‘Exclusions’ would prevent you from claiming for any medical condition related to your pre-existing condition. As Huntington’s disease often leads to cognitive disorders, this could make your Huntington’s disease life insurance impractical, it is important you check your policies wording. ‘Exclusions’ can also prevent you from gaining additional benefits like Total and Permanent Disability, Guaranteed Insurability and Waiver of Premium.

Although we can’t tell you how much Huntington’s disease life insurance to apply for, we can offer a few guidelines. When setting any cover amount, remember your Huntington’s disease life cover may increase after underwriting and this could affect how affordable your monthly premiums are.

  • 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 Huntington’s disease life insurance you will require to secure your family and home, see our Iam Insured Huntington’s disease life insurance calculator [LINK].

A Huntington’s disease life insurance critical illness policy will provide you with a tax-free lump sum if you become unable to work. Critical Illness cover can be obtainable for people diagnosed with Huntington’s disease (or with a family history of Huntington’s) from specialist insurers. It’s important to be aware that Huntington’s disease life insurance critical illness cover is likely to feature ‘exclusions’ or non-standard terms. Some things to consider when deciding how much critical illness cover you should apply for:

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

Huntington’s disease life insurance income protection provides policy holders with monthly payments if they are unable to work. Income protection underwriting criteria is very similar to critical illness cover and should be obtainable from specialist insurance companies.  Terms for income protection will vary wildly depending on your medical condition, and people diagnosed with Huntington’s can obtain Huntington’s disease life insurance income protection policies with non-standard terms or ‘exclusions’. The amount of Huntington’s disease life insurance income protection you may need will depend upon your:

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

Finding a reasonable quote for Huntington’s disease life insurance on the standard market may be difficult and you might have to consider the specialist insurance industry. If you have been declined for Huntington’s disease life insurance due to your medical condition or family history of Huntington’s, Iam Insured can help.

Iam insured are experts on Huntington’s disease life insurance and are registered in England and wales. To speak with one of expert Huntington’s disease life insurance advisors, contact us now on [TELE] or send us an email [EMAIL].

While a Huntington’s disease life insurance critical illness or income protection policy is often obtainable, you may benefit from seeking out speciality insurance companies.  Standard terms could be available to you and a specialist British insurer like Iam Insured can help find the best Huntington’s disease life insurance terms available.

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.

Get a quote

All it takes is a couple of minutes to get covered.

Request a callback

Speak to a an expert adviser for tailored advice.