Being denied insurance coverage due to severe illness

There are numerous illnesses for which people are constantly denied life insurance by insurance companies.

Insurance is commonly either not available or extremely expensive, with limitations and exclusions when offered to patients diagnosed with cancer, HIV positive, heart diseases, kidney malfunction, diabetes and who suffer from other types of poor health.

It is not uncommon to meet cancer patients, HIV carriers, people with heart diseases and many more that are rejected by life, health and disability insurers.

In many other cases, )and only in specific markets) insurers allow some exceptions for severely ill applicants, with both increased rates and limitations on the causes of death, leaving the applicants with a policy that is does not provide the kind of protection they require.

The problem is even more serious, as these people are trying to protect their families, their mortgage payments and other interests.

The fact that modern medicine and advanced technology have dramatically increased life expectancy, including for those with diseases traditionally classified as severe, has not changed the policy of insurance companies, and the same difficulties sick people faced decades ago still prevent them from purchasing insurance protection today.

Another difficulty people with severe illness face is an embarrassing access to private information; although such medical information is rightfully requested by the underwriters and is necessary to establish risk factors, rates and terms, it seems that many would rather drop the whole issue of acquiring coverage than deal again and again with sensitive and emotional medical situations.

It is rare, and maybe even unique, to find a policy that will enable severely ill people to go through a discrete, short, amicable and instant purchase process. Such is the Sinclair Insurance Company’s “LIFE FOR ALL” plan: probably the only policy of its kind available instantly online.

This plan is common in some markets, and known as “Modified Death Benefits”. Under this plan, any person (from 2 weeks and up to 55 years of age) can purchase family protection (in various currencies), and be insured within few minutes.

There are some conditions to the plan; however, they seem quite reasonable, and the prices are not so expensive as to prevent prospective applicants – it is quite affordable.

One of the brokers selling “LIFE FOR ALL” in the Middle-East says: “We have now 100% solutions, and have not turned down anybody since we commenced marketing this plan. We use the standard market for healthy people, and we can now provide cover for an ever-growing market of people with special medical needs. We are now focusing on the younger population, because the rates are fixed at the date of entry, which makes it very attractive for young people and children”.

There are many reasons to take the financial protection offered to people with medical problems:

1. some have families, and need to protect their income after they die;
2. some have mortgages or other loans, and don’t want to leave the repayment costs to their heirs;
3. some buy it for their children, so that when they grow up, a level of protection is already obtained at an affordable price;
4. some are partners or key employees in a business, and this coverage will assist the business when they are gone;
5. others are businessmen or business owners, and want to protect their interests in others.

Not everyone needs coverage for instance of death. Not everyone has dependants, or long term obligations that need to be met. However, many do need this coverage, and the available solution is in many ways great news to those in need.

Find out more about our Life For All Insurance (Accidental Death Cover with Additional Death Benefits)

Get your Instant No Obligation Quote Online for Life For All Insurance

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