At I’m Insured we’re specialists in finding the right policy for your individual circumstances. In this article we’ll explore the condition sarcoidosis and its effect on a life insurance application.
Sarcoidosis is a rare condition affecting around 1 in every 10,000 people in the UK. It is an inflammatory disease that causes red and swollen clumps of cells known as granulomas to develop in any organs of the body, although it most commonly affects the lungs and skin.
The cause of sarcoidosis is not currently known however it is believed that it could be caused by the external environment. It is non infection and generally affects people with compromised immune system due to their genes.
There are two types of sarcoidosis being:
Chronis sarcoidosis is generally considered to be degenerative in that is causes scarring of the lungs that can get worse over time. Skin rashes are often a typical symptom and it can also affect other organs including the brain and heart.
Acute sarcoidosis is the most common type. It can flare up suddenly however symptoms usually clear within a few months or years and do not return. Shortness of breath, known as dyspnea is the most common symptom and as a result sarcoidosis can often be confused with asthma.
Other symptoms include:
It is entirely possible for someone diagnosed with sarcoidosis currently or in the past to be given “standard terms” for their life insurance. Standard terms means that the insurer applied to is happy to insure the applicant on their normal pricing structure, generally the quote you will have seen before applying.
Generally speaking investigations, by way of chest x-ray need to have been carried out prior to any insurer giving a decision. Whether or not the x-ray shows signs of sarcoidosis of the lungs will determine the result of the life insurance application.
In more severe cases where there is on-going treatment with oral steroids for example prednisolone, the insurer may be required to seek further information from your medical records prior to underwriting. The outcome of the application will be based on this report, however there are no fees charged to the applicant, and no obligation to proceed regardless of the decision.
Upon receipt of the medical records the insurer may either increase the price of the policy, known as rating, in order to take into account the additional risk, or alternatively postpone the life insurance until they are happy the condition has improved.
At I’m Insured we are specialists at finding the best life insurance provider for you, based on your individual needs and requirements, and are here to help you every step of the way. As above, we charge no fee’s for this service and at no point is there any obligation to proceed.
You can either apply online, or fill out our short form to have one of our experienced consultants contact you to discuss your needs.
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That means you can nominate somebody to look after the money if you die and there’s a payout before you want the intended recipient to get the money. A common example is parents who want to have the payout go to a child only once the child turns 18 or 21. Putting a policy into trust also ensures that the payout goes to your intended recipient and can’t be seized by creditors if you have any debts when you die. There may also be tax benefits to putting a policy into trust.