Stroke & Life Insurance
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We understand that having a stroke is a scary experience, you could lose control of your facial muscles, arms and speech. Things that most of us take for granted. No matter what stage of recovery you are in, whether you are back to your pre-stroke self or are still experiencing some symptoms, we are here for you. Our job is to listen to you, hear what you have to say and find an insurer who is supportive of your circumstances.
Things we need to know:
- How many strokes have you had?
- When did the stroke happen?
- Was it a full stroke or TIA (mini-stroke)?
- What caused the stroke?
- Do you have any lasting symptoms?
Life insurance after a stroke can be possible. It is likely that the insurer will wish to speak with your GP to establish the severity of your stroke and your general health now. This is a standard process for many health conditions and should not be a concern for you.
You may be able to obtain life insurance after a stroke, at standard terms, if it was caused by the contraceptive pill or a traumatic head injury that you have fully recovered from.
In general however you are likely to find that your life insurance for stroke survivors will be accepted with a small premium loading, assuming your stroke was mild with minimal complications. Where there have been recent instances of numerous strokes and/or severe episodes with permanent symptoms then your policy premiums may be rated highly, or in extreme circumstances your application declined; at which point specialist life insurance policies can be arranged.
Where a person has experienced a stroke at a young age, and are currently aged 40 or under, the number of providers who can consider cover is substantially less however there often are options available so please don’t be put off from trying.
Critical illness cover pays out a cash lump sum of money, if you are diagnosed with a medical condition that is listed in the insurer’s claims set e.g. cancer, heart attack, stroke.
In the past critical illness cover was not available for people who have had a stroke unless it was due to the contraceptive pill. Whilst the options are currently limited there are sometimes plans available, dependant on the nature of the stroke and overall health. Where cover is offered it is likely that strokes and related conditions would be excluded from the plan.
Income protection pays you a replacement of your monthly income, if you are unable to work due to ill health.
Income protection after a stroke may be available in some circumstances, most likely with a cerebrovascular exclusion to the policy claims set. Income protection applications will need to detail the circumstances causing your stroke, if you have been able to return to work, your overall health and whether you have any lasting complications from the stroke.
Ideally, you want an income protection policy that is set up with an own occupation claims definition. Own occupation definitions means that if you are unable to do the job that you are doing right due to ill health and are signed off sick, that you can make a claim. Other definitions are much broader and are more difficult to claim on.
As an alternative you may wish to consider Accident, sickness and unemployment cover which you can take out without any medical underwriting. An accident, sickness and unemployment policy provides you with a regular monthly income should you be unable to work due to an illness, injury or through redundancy. These policies provide short-term benefits, with claim periods generally being set to a maximum of 12 to 24 months.
Hi, and welcome to the CuraVision ABC series. Today, I’m focusing on Mrs. S.
Sally came to us, 36 year old female, non-smoker, BMI in the perfect range, and she came to us because she needed some insurance, and she wasn’t sure where to start because three years prior, she had had a stroke. And two years prior to speaking to us, she had had a PFO operation to close a hole in her heart, and she was on medications, including statins, just to make sure she didn’t end up with any issues in regards to high cholesterol. Around the same time as the operation there had been some associated depression, but nothing massively serious in that regard.
Sally spoke to our insurance advisor, and they discussed her family needs, her mortgage needs, and it ended up that the advisor recommended that she take out a level life and critical illness cover of £300,000 over 30 years, to roughly her anticipated retirement age.
So everything was fine, we put the application through to the insurer, and she was declined.
We spoke to the insurer, and explained the situation, we found out why there had been a decline, and there was concern, obviously, over the stroke, for the critical illness side of things, as to how Sally’s health could be in the future. So what we were able to arrange was for a medical to happen so that Sally could go and show that she was in good health, and that everything was now hunky dory.
We are pleased to say that the insurer listened to that, and paid attention to the medical and how she’d had this operation to cure the hole in the heart, so a stroke in the future was very unlikely. And we were able to arrange the level life and critical illness cover of £300,000 for 30 years, for a monthly premium of £150.
What is a Stroke?
A stroke occurs when part of the blood supply to the brain is stopped. Strokes are classified as either ischaemic (caused by a blood clot) or haemorrhagic (when a blood vessel bursts), restricting the optimal flow of blood into the brain.
This page focuses specifically upon a full stroke which is treat as a more severe condition than a transient ischaemic attack (TIA), for information regarding Life Insurance following a TIA please click here.
Also: Cerebral haemorrhages or intracranial haemorrhages
Some potential problems experienced by individuals who have had a stroke include:
- Facial muscles stop working
- Inability to lift arms
- Mobility difficulties
- Slurred speech
- Speech difficulties
- Swallowing difficulties
- Thought processes
- Visual problems
- Acenocoumarol (Sinthrome)
- Actilyse (Alteplase)
- Asasantin (Aspirin/Dipyridamole)
- Aspirin (Angettes, Caprin, Nu-Seals)
- Brilique (Ticagrelor)
- Crestor (Rosuvastatin)
- Fluvastatin Sodium (Lescol)
- Heparin sodium
- Pravastatin sodium
- Ramipril (Tritace)
- Warfarin (Marevan)
If your wife’s stroke was recent you may need to look at a specialist insurer for her life insurance, but yes it should be available. When we speak with your wife, we will establish how her daily living has been affected by having the stroke and choose an insurer that can provide her with the best offer of life insurance.
Hopefully yes. There are a couple of options that you can look at. You are likely to have an exclusion on the policy claims set which would mean you could not claim for another stroke. This may seem a lot, but there are plenty of other health complications that could cause you to stop being able to work, so income protection is likely to still be worthwhile. It is important that you fully understand what you can and cannot make a claim on with the exclusions, so please do speak to us and we can explain everything.
There are a few options. It is still quite soon after your stroke, so some insurers may want to wait a little longer before they can consider you for life insurance. There are a number of insurers who may be able to offer you life insurance, it sounds like you were unlucky and chose one that cannot. If you have been left with any permanent symptoms, you will probably need to look at specialist life insurance policies for the time being, until more time has passed and standard insurers can cover you.
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