People living with a pre-existing health condition like diabetes, statistically speaking have a higher risk of needing to make a claim on their personal insurance policy.
Add to this constantly changing assessment standards for getting insurance cover, and finding a life insurance specialist who understand your situation can feel near impossible
Welcome to Unusual Risks Insured - we get it.
See video transcript below
The onset of Type 1 Diabetes mellitus (T1DM) occurs most frequently in people under 30 years, however, new research suggests almost half of all people who develop the condition are diagnosed over the age of 30.
Your privacy is extremely important.
Having a formal decline on an application for Life insurance (or a life insurance product) is an important thing to avoid where possible.
So how does this happen?
We see time and time again how people have made an application for life insurance either through a Superannuation fund or some form of questionable online comparison service promising the world. After providing all their personal information to a telemarketer or bank clerk and having to deal with all the disclosure issues that for many people with chronic health conditions is difficult, deeply sensitive and personal, they then are told, they are 'formally declined' and a formal decline record is applied to their insurance history.
They are left believing that 'the decline' was solely due to their health and they are left to deal with the uncertainty and associated feelings that come with being told you're not acceptable.
What they were not originally told, but should have been
What they were not told is that particular brand of insurance provider, bank or comparison websites was probably never able to cater to their particular situation in the first place.
The problem is not you, the shop never had the ability to ever provide what you wanted anyway. And they failed to tell you that ahead of time.
The bigger problem then is, how do you deal with a formal decline in your insurance, and what does that mean?
This is why people with chronic health issues need the service of a specialist like unusualrisks.com.au who know where to shop for their clients with unusual risks.
No. For most people with a pre-existing health condition, it’s an automatic decline. This then triggers a formal decline record.
Did you know that one of the common telemarketed direct life insurance products in the market today, has an exclusion for pre-existing conditions for the first 5 years? Additionally, the company will use retrospective underwriting to see if you were eligible for the policy in the first place, not when you take the policy out, but at the time of claim.
If you want absolute certainty and peace of mind, get your life insurance from a professional Risk Insurance Adviser, not the local bank clerk or a telemarketer.
>When you understand the significance of this issue alone, you will begin to appreciate the value of a professional relationship with a speciality Risk Insurance Adviser from unusualrisks.com.au who is there for you and your loved ones at the time of an insurance claim.
It's all about feeling in control of your future, knowing your options and taking responsibility for how you want to live your life.
Most people particularly need life insurance when:
The idea is a life insurance benefit payout will support a partner or family financially if the policyholder dies at a time when they are relying on their income. It could be used to cover things such as mortgage repayments, replace the deceased person’s salary, or pay childcare or education expenses. The options are endless when you have resources to help.
Yes. That's one of our specialties.
The first step would be taking our anonymous online pre-assessment to see if your situation is one we can work with.
Diabetes is complicated so most of our clients have to provide some additional health information in a secondary questionnaire as well.
Yes. That's our speciality.
We have clients with both conditions well managed and with full high-quality life insurance in place.
We sure can. We believe in looking after those who look after you. The process is much the same, just no online pre-assessment is needed.
For friends, family and supporters who want standard life insurance cover, the application process is the same, and there is no need for a pre-assessment.
Just send us an email and we'll organise the rest.
Type 1 Diabetics usually cannot get full Income Protection insurance cover but may be eligible for Accident Only Income Protection. Type 2 Diabetes usually can qualify for full Income Protection.
Income protection pays up to 75% of a person’s income if through sickness or injury they are unable to work.
When it comes to being single in the LGBTQI+ community, there's really no such thing as average.
And it's your single life, so live it your way.
When it comes to being partnered in the LGBTQI+ community, there's really no such thing as average.
There's no right or wrong way to live a purposeful life, just what works for you both.
When it comes to parenting in the LGBTQI+ community, there's really no such thing as average.
However you're doing it, Love makes a family.