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Migraine Life Insurance

All you need to know about Migraine Life Insurance and Income Protection

There are around 8.5 million people in the UK who are Migraine sufferers. A Migraine is a neurological condition in which sufferers experience moderate to severe headaches that usually worsen with movement and can prevent the carrying out of normal everyday tasks. Migraines are severe and painful headaches, and can also result in nausea, vomiting and extreme sensitivity to light. The average Migraine attack usually lasts between 4 and 72 hours. The underlying cause of Migraines is still unknown, but factors such as fatigue, stress, anxiety, low blood sugar, depression and poor diet can contribue to the condition, so taking out Migraine Life Insurance is a worthwhile option.

Being a frequent sufferer of Migraine attacks could affect your Life Insurance premiums. At Iam Insured, our team of helpful advisors can assist you in finding the best insurers’ rates for your condition based on how often you experience Migraines and the severity of them.

What does Migraine Life Insurance cost?

If you suffer from Migraines and need Life Insurance, Critical Illness Cover or Income Protection, then you will need to provide your insurer with some details about the severity of your condition. Insurance underwriters will assess your application for Migraine Life Insurance based on the following:

  • How often you experience Migraines
  • When you first started experiencing Migraines
  • How you manage your symptoms
  • The severity of your symptoms
  • Any related conditions

Your premiums for Migraine Life Insurance will also depend on:

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

Your premim may also include an additional loading for your condition, depending on its severity and background.

Migraine Life Insurance rates/ratings

Iam Insured deal with people such as yourself with Migraines. We understand how the insurers will handle your application, we know what information they will require and we work hard to obtain all medical reports etc that may be required to ensure your application can be considered and cover arranged. Migraine Life Insurance will vary from one insurance provider to another, depending on their underwriting philosophy. Even if you experience Migraines, you should not have a problem obtaining Life Insurance. Iam Insured can help you find cover for you at an affordable rate.

Percentage (%) loading for Migraine Life Insurance

A percentage loading basically applies a % to your standard premium based on the levels of risk calculated for your own circumstances and severity of your condition. Your percentage loading will apply a multiple to your Migraine 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%).

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

Generally, Migraine Life Insurance rates are offered at standard rates unless there is an underlying reason or medical condition that could affect this. Some underwriters may request a GP report concerning your symptoms in the case of more severe attacks and their impact on your overall health. Migraines are generally not considered to be high risk from a life insurance underwriting perspective. Iam Insured can help you apply to the best companies that suit your needs and circumstances.

Migraines should not affect your ability to get Critical Illness Cover, which is in most cases at standard rates. However, your personal circumstances and other conditions need to be taken into account. If you have other medical issues as well as Migraines, this could alter costs of cover and what is available to you.

Missing work due to Migraines is a key problem for many sufferers. Income Protection cover is widely available, though time you have previously taken off of work due to your condition should be taken into account. Iam Insured is happy to help you explore options available to you so you can decide on whether Income Protection cover is beneficial.