Can I Get Life Insurance If I Have A Disability?

Having a disability could sometimes make you feel like you’re alone in a world that wasn’t designed with your needs in mind. But you’re not alone. In fact, there are about 13.9 million people in the UK today who have a disability. And while you might feel like some things are inaccessible to you, financially securing your future shouldn’t be something for you to worry about. 


Finding a life insurance policy for your needs could seem like a tricky task if you have a disability, but that’s where we can help. We’ve put together this guide to tell you everything you need to know to help you get the right policy for you. 


Can I get Life Insurance if I have a disability?


Legally, an insurer cannot discriminate against you for having a disability, and they can’t refuse to insure you because of a disability.


While each application is unique, you will be assessed the same as every other applicant. An insurer will look at your circumstances and determine the level of risk involved in insuring you. This will decide the type of cover you can buy, and how much your premiums could cost.


What is a disability?


Having a disability is defined as having a physical or mental impairment, and that impairment having a substantial and long-term adverse effect on your ability to carry out normal day-to-day activities. This definition is quite broad and can cover a range of mental and physical impairments. You can check the Equality Act 2010 to see if your disability is covered.


The Equality Act 2010 also sets out some conditions that aren’t classed as a disability, such as an addiction to, or dependency on, alcohol, nicotine or drugs that have not been medically prescribed.

 

Are there some disabilities that will be difficult to cover?


When buying insurance, it must be clear to the insurer that you fully understand what you are buying before doing so. Because of this, if you have a mental impairment that affects your ability to make such decisions, it could prove more difficult to get insured depending on your circumstances.


Can I get life insurance for a family member who has a disability?


In the UK, you can take out insurance for a family member if you can prove that you would suffer financially if they passed away. This is known as ‘insurable interest’.


So, for example, if you have a child or dependent who has a disability, you could have to cover the cost of their medical expenses, funeral, or other bills if they were to pass away. You would suffer financially in this instance, and as a result, you could have a reasonable interest to insure them.


What kind of life insurance should I get?


Finding the right level of cover can seem tough with all the different types of life insurance out there, so it’s important to think about what you need your policy to do and what type of insurance will suit your needs the most.


Some key things to keep in mind are:


  • How long you want your cover to last for?
  • How much can you afford to pay each month?
  • How much cover do you need?


When you’ve thought about these questions and have a better idea of what you need, it’s time to look at the types of cover available.


Level Term Insurance


A level term policy is life insurance that pays out a fixed lump sum if the insured person were to die during the term of the policy. The amount of the pay-out is agreed before buying the policy, so you know exactly what you’re getting from the start.


This kind of policy could be good if you have a tight budget and you need to know how much you’ll be paying monthly for a set period of time. It’s a straightforward and easy way to help financially protect your loved ones.

 

Critical Illness Cover


Critical illness cover is a long-term insurance policy which covers some physical disabilities and serious illnesses. What’s covered can vary with each insurer, so it’s important to review the policy details before you purchase it.


This type of cover is typically taken out to help protect your family should you be unable to work as a result of an illness or disability. So while this won’t apply to any existing disabilities, it could offer you protection from any future issues you could encounter as a result of, or on top of, your disability.


Things such as the severity of your disability and the effect it has on your life could have an impact on whether or not you can claim critical illness.

 

Have some more questions?


Life insurance is a simple way to offer you and your loved ones some peace of mind knowing that your financial future is in safe hands. If you’re ready to start your comparison journey, you can begin comparing quotes from the UK’s leading insurers online right away.


Having a disability shouldn’t usually prevent you from securing life insurance cover but every case is unique. If you want to find out more about how your disability could affect your life insurance policy, you can call us today and one of our friendly team will help you explore your options.


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