Can you qualify for life insurance if you have hepatitis?
If you have hepatitis, whether or not you'll be able to qualify for life insurance will depend on the insurer and its acceptance criteria. If your condition is under control because your condition spontaneously cleared up or you've been through the antiviral treatment, you may be able to get cover albeit with a premium loading.
If you have an active hepatitis infection you still may be insurable pending a premium loading.
Because the relatively low mortality rate for hepatitis C in the first 10 years, it has made insurers more amenable to offering cover to suffers. However, acceptance is not guaranteed and criteria for acceptance can vary greatly from insurer to insurer. Factors considered during the underwriting of someone with hepatitis include age, alcohol consumption, duration of infection, gender, and liver function.
If you would like to make an enquiry now, enter your details in the form below and you will be contacted by a adviser who can walk you through the options available to you. If you would like to find out more about how hepatitis is treated by insurance providers in Australia, please keep reading this guide.
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*'New cover' refers to when you start a policy, reinstate cancelled cover or increase cover. The conditions in the above form are a general guide. Always consult the insurers product disclosure statement (PDS) for further information.
Life Insurance underwriting is a process of considering a range of personal indicators to determine the level of risk you pose to an insurance company.
You must be aware of you rights around when disclosing your condition to an insurer. Contrary to popular belief, after the insurance contract has been finalised, subsequent changes to health can't be reflected in premium or coverage adjustment and it's illegal for the insurer to cancel the insurance contract. Under the Insurance Contracts Act of 1984, the insurer can only cancel the policy if:
- You don't act with utmost good faith
- You don't comply with the duty of disclosure
- You misrepresent yourself before the insurance contract was entered into
- You breach your contact
- You fail to make premium payments
- You make a fraudulent claim
Different types of hepatitis
|Hepatitis A||One of five viruses that can lead to inflammation of the liver. Contraction of infection from virus is quite high in developing nations and is usually contracted at childhood. Majority of people that suffer from hepatitis A recover within six months.|
|Hepatitis B||Transmitted by infection by blood or body fluids leading to liver inflammation, jaundice, vomiting and in some cases, though rarely, death. Infection is preventable by vaccination.|
|Hepatitis C||Disease leading to infection of the liver and cirrhosis. Many people that have hepatitis C are completely unaware that they actually have it while others may suffer tiredness, fatigue and depression. Treatable by medication.|
|Hepatitis D||Symptoms of hepatitis D are similar to hepatitis B and can include fever, jaundice, abdominal discomfort, lack of energy. Can lead to cirrhosis and eventually liver failure. Some cases will have no symptoms.|
|Hepatitis E||Viral hepatitis caused primarily by contaminated drinking water. Occurs mainly among young to middle-aged adults in Asia and India.|
|Autoimmune Hepatitis||Condition whereby the individuals immune system attacks the liver. Can lead to inflammation and liver cell death.|
Protection from hepatitis C and hepatitis B for healthcare workers
Many life insurance policies will now option needle-stick injury benefit providing a benefit if, as a result of a needle-stick injury, while performing the duties of normal occupation, the insured becomes infected with HIV, AIDS, hepatitis B or hepatitis C and a reduction in earnings is experienced as a result. Benefit is usually in the form of a lump sum with an additional financial planning benefit available on some policies.
Policies offering cover for hepatitis B or C Infection
- MLC Occupationally Acquired HIV hepatitis B or C Infection Insurance. The policy will payout up to $5,000 to cover services of a qualified financial adviser if the lump is $100,000 or more.
- Zurich Needlestick Insurance: Receive cover for 12 to 38 different types of diseases. Cover available for a wide range of occupations including doctors, nurses, pathologists, ambulance officers, dentists, police and security personnel, and even teachers.
Tips for people taking out life cover with hepatitis
- Assess your situation. Find out what type of cover is suitable for your situation and start doing some research on the different policies that are available. Consider how much cover is required for your situation and what benefits may be suitable.
- Speak with a consultant. A no-obligation enquiry with a consultant can help you find insurers willing to offer cover for your condition. Each insurer will have different policy terms and conditions and a consultant can help you compare hundreds of different policy options.
- Know what documentation is required. If the insurer requests further medical evidence, take the time to gather all of the necessary documentation and have it submitted on time. A consultant can provide assistance during this process.
- Be honest in your application. There are hundreds of stories of people paying thousands in premium payments throughout the life of the policy only to be denied the benefit payment at claim time. Take the time to be clear on your policy conditions and know exactly what you are covered for. Risk of having your policy rejected to avoid premium loading is not worth it. Insurance companies take rigorous steps to ensure that policy owners were honest during their application.