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Life Insurance with Pre Existing Conditions

Many Australians assume that they won’t be able to purchase a life insurance policy with pre existing medical conditions. Many people believe that premiums on their life insurance policies will be too expensive, or they won’t qualify because of their medical history. However, by comparing life insurance providers that accept pre existing conditions and working with an insurance broker, you can generally find life insurance cover that meets your requirements.

Trauma Insurance for Multiple sclerosis in Australia

Multiple Sclerosis (MS) is a neurological disease that is long-lasting (chronic), often leading to random attacks on your central nervous system, affecting your brain, spinal cord and the optic nerves in your eyes. Symptoms can range from tingling and numbness to paralysis and blindness.

How Your Duty of Disclosure Can Affect Your Life Cover

One of the biggest reasons life insurance claims generally get denied is because of non-disclosure and misrepresentation. Not fully complying with your duty of disclosure, particularly regarding your medical history, can potentially lead to your insurer voiding your policy.

How to Claim Life Insurance Benefits

1. Comply with your duty of disclosure When you purchase a life insurance policy, make sure you disclose all essential and relevant information. Do not try and make yourself sound healthier than you are. Withholding information could lead to your claim being denied. 2. Review your PDS and Ts & Cs Before lodging a claim, carefully read through your policy terms and conditions to make sure the event you want to claim for is covered in your policy. There might be some exclusions in place, for example, life insurance companies will generally not pay a death benefit if death was due to suicide 13 to 24 months after policy commencement. 3. Check the waiting period Make sure your policy doesn’t have a waiting period attached. Some policy types, like TPD, usually have a minimum waiting period you need to serve before you can claim any benefits. 4. Make sure your premiums are up to date Life insurance is a legal contract between you and the insurance company. In exchange for paying your monthly, quarterly or yearly premium, the insurer covers you against the risk of death, illness or injury, depending on your policy type.

Finding Life Insurance For Diabetics In Australia Made Easy

Australians who have their diabetes under control can get life insurance. However, you are likely to pay more in premiums because life insurance companies view diabetics as a higher risk, meaning there is an increased probability that your policy will have to pay out.