Pre-existing Medical Conditions

A pre existing condition is a medical condition diagnosed by a medical practitioner or doctor prior to an insurer accepting and issuing a personal insurance policy.

Myths on pre-existing medical conditions

Pre existing conditions have always been a concern for many clients applying for life insurance cover, with a number of myths surrounding the issue. Many clients assume that cover is not available, or that premiums will be too costly.

Here we hope to clarify the issue and debunk any myths or assumptions you have or may have heard of.

1. "I can't get cover with a pre-existing condition"
It is far from the truth and really depends on your situation. You would be surprised at the number of people who have a medical condition and have no problem in obtaining adequate insurance coverage. Do not assume that just because you have a pre-existing condition that you cannot get cover, it never hurts to ask!

2. "My pre-existing condition won't be covered"
Many clients assume that their pre-existing condition will not be covered. That is to say, that they assume an exclusion will be placed on their policy. Again, it depends on the condition, and type of benefit you are applying for so please ask an xLife adviser if this is the case or not for your situation. For example, diabetes cannot be excluded from a policy because it is a condition which affects the entire body.

3. "I have to get a medical examination if I have a pre-existing condition"
This is not true and depends on your pre-existing condition and personal situation. For example, if you have high cholesterol and are on medication, and have your cholesterol levels checked regularly, a medical exam is usually not needed because the insurer can obtain your last test results from your doctor for free.

4. "I have a pre-existing condition from 5 years ago, I don't need to tell the insurer"
Many clients assume that if a medical condition was diagnosed or occurred a long time ago, that they do not have to be disclosed, however this is not true. You must disclose all relevant medical conditions which may affect your application.

5. "Do I need to tell the insurer every medical condition I have ever had?"
It is your 'Duty of Disclosure' to tell the insurer of any pre-existing medical conditions which may affect your application. Failing to do so may result in the insurer denying you benefit payments at claim time. If you are in doubt, please speak to an xLife adviser.

You have nothing to lose by asking an xLife adviser how a pre-existing condition may, or may not affect your insurance application.

Cover is available for most pre-existing conditions; and our advisers are well equipped to answer any questions you may have in relation to your pre-existing condition.

For additional information on select conditions please read our guides:

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March 2013