Make The Most Of Adverse Medical Conditions With Life Insurance
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Living with serious medical conditions presents a great challenge to several individuals. The healthiest individuals find certain routine tasks difficult to accomplish. Consider the plight of those plagued by serious health conditions like being overweight or having coronary problems. For starters, they need to continue to perform activities entrusted to them. Secondly, they need to lead a controlled life as much as possible. They need to absorb the blows of a body ravaged by an illness that will accompany them for a lifetime. They also need to accept the side effects of their strong medicines on their bodies. Lastly, they have to do all this whilst being aware of the sword hanging on their necks. It clearly is not easy living with a malignant disease.

Underwriters are people who assess the risks associated with a proposer seeking life insurance. They spend the vast majority of their lives dealing with numbers, facts and figures. They advise the life insurance company about the suitability of insuring a specific individual. Therefore, individuals with no significant risks associated will win the nod of these underwriters and enjoy the protection of life insurance. For people having a higher risk, the underwriter’s approval becomes critical. If the risk is high but certain factors make the risk insurable, the underwriter will advise the life insurance company to provide coverage at a higher premium. For other people, who have a higher than normal risk with no ameliorating factors, even this recourse might not come their way.

It seems ironical to think of it. People who suffer from serious health conditions need insurance the most. Yet, insurers avoid providing coverage to these people, as they are not financially viable for the insurer. The insurers base their decisions on the advice given by the underwriter. Similarly, the underwriter refers to an evaluation scale for risks to decide on what denotes acceptable or unacceptable risk. Numbers, however, do not tell the complete story. For example, two people might suffer from a critical illness. However, they may manifest the symptoms very differently. One individual could present a greater risk than the other person does. Hence, relying on numbers and statistics is not the best way of making this decision.

For people with serious medical conditions, finding life insurance was difficult. At Special Risk Managers (Sydney, NSW), we understood how these people need the protection of bowel life insurance or overweight life insurance the most. Therefore, we began providing a specialised service. We partnered with a like-minded international reinsurance company. Leveraging our experience in this domain for the past sixty years, we began insuring people branded as being uninsurable. From cholesterol life insurance to bowel life insurance, our abilities have been useful to many people.

For example, consider the issues people face with obtaining cancer life insurance. Read the following statistics released by the leading independent funders of cancer research in Australia i.e. Cancer Council Australia. Estimates reveal that:

• There will be 124,910 fresh cases of cancer diagnosed in 2013, which will rise to 150,000 by 2020

• Cancer accounts for three deaths out of ten in Australia

• Over sixty percent of people diagnosed with cancer will live for more than five years since the first diagnosis

• Survival rates for cancer have risen by thirty percent in the past twenty years

• Cancer costs more than $3.8 billion in direct health system costs

Clearly obtaining cancer life insurance is a major challenge. However, for uninsured people suffering from cancer, the medical costs could kill them long before the disease does. This is why we took on the onus of examining each case specifically. Since each individual is different, mere statistics cannot be the tool used for gauging the risks associated with a person. Our approach has benefited several people find the protection offered by life insurance.

Thus, if you seek coronary life insurance or cholesterol life insurance, give us a call at +1300 66 53 56. We do not flatter to deceive unlike other risk managing agencies. Neither do we believe in emptying your wallet to pay the premiums. Instead, our premiums are affordable, as we know that you can ill afford to stay bereft of life insurance. Benefit from our experience and be a part of a large and secure family with Special Risk Managers.

Angus Leonard writes articles about life insurance policies and for more information about the services offered visit Specialriskmanagers.


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