Medical Conditions not Covered by Life Insurance in Australia

Can you take out life insurance with pre-existing condition?

Taking out a life insurance policy can be quite a straightforward process if you're generally in good health. However, you may find it a little harder to get cover if you have a pre-existing condition.

Having a pre-existing medical condition won't necessarily preclude you from taking out life insurance but you need to keep in mind that insurers will take this condition into consideration when assessing your level of risk. Depending on the severity of your condition, an insurer may accept you for cover but you'll need to pay an a premium loading, accept you for cover but exclude you from cover for your condition or, in some cases, refuse to provide you with cover.

Compare life insurance policies from top insurers

Compare Life Insurance or Income Protection Quotes

Please enter your full name
Please enter a valid email address
It's important to give us a valid phone number
Gender
Smoker
Date of Birth
Coverage is the amount of money that you will be paid in the event of a claim. An insurance consultant can help you determine an appropriate amount. Calculator
Provides a lump sum payment if you become totally and permanently disabled and are unable to return to work.
Provides a lump sum payment if you suffer a serious medical condition. Cover can be taken out for 40-60 medical conditions depending on the policy you choose.
By submitting this form, you agree to the finder.com.au privacy policy
Compare Quotes

Compare Life insurance quotes from these direct brands

Rates last updated December 10th, 2016
Product details Maximum cover Maximum Entry Age Cooling-off
(days)
Life Insurance
Life Insurance
Choice of cover options and flexible premiums to suit budget. No lock-in contracts and fast application. $1,500,000 65 30 Get quoteMore info
Term Life Insurance
Term Life Insurance
Receive up to $1,500,000 in life cover with American Express Term Life Insurance issues by Zurich. $1,000,000 69 30 Get quoteMore info
NobleOak Term Life Insurance
NobleOak Term Life Insurance
Save 25% on NobleOak life insurance and pay no premium in the first month. $15,000,000 69 30 Get quoteMore info
Life Insurance
Life Insurance
Get flexible life insurance up to the sum of $2,000,000. $2,000,000 59 21 Get quoteMore info
Ezicover Life Insurance
Ezicover Life Insurance
Get up to $1.5 million in life cover. 10% discount available on a second life insurance policy when two policies are issued at the same time. $1,500,000 69 30 Get quoteMore info

What conditions may not be covered?

There are conditions that pose such a high risk to insurers that they won't offer cover for. While every insurer will have its own list of conditions it won't cover, conditions that may not covered by Australian life insurers include:

  • Specific types of skin cancers or melanomas
  • Chronic lymphocytic leukaemia
  • Other types of prostatic cancers
  • HIV/AIDS
  • Hepatitis B or C that have been acquired through other means including, but not limited to, sexual activities, recreational drug use or deliberate self-infection
  • Degenerative osteoarthritis

It is important to note that all life insurance policies will have terms and conditions that should be reviewed before you take out the plan.

Why life insurance is important to have if you have a medical condition

If you have a family, life insurance is a very important consideration. A life insurance policy can ensure the financial security of your loved ones should you be no longer around to provide for them.

Applying for life cover with an existing condition

When you apply for life insurance, Australian providers take into account a number of different factors to determine whether or not you carry a significant risk. These risk factors also determine whether they are able to offer you life insurance cover. These include:

  • Age
  • Gender
  • Occupation
  • Current health status and any pre-existing medical condition
  • Lifestyle choices
  • Pastimes

Life insurance medical assessments with a pre-existing condition

When conducting a medical screening, a standard medical exam may involve:

  • Physical measurements. Insurers normally require your physical measurements (your height and weight) so they can calculate your Body Mass Index (BMI).
  • Blood pressure. Insurers will take your blood pressure to try and uncover any underlying cardiovascular problems.
  • Blood tests. Blood tests are done to check your cholesterol levels, whether you are positive for HIV/AIDS, if you are a smoker and if there are any presence of drugs (both of the legal and illegal kinds) in your system.
  • Urine tests. You may be asked to provide a urine sample, which is used to determine the quality of your liver performance, uncover smoking habits and drug use.

Health conditions that can increase the cost of your life insurance cover

There are a number of conditions that don't pose a risk as the above conditions but still pose a higher than average risk for the insurer. In general, this means that if you do suffer from one of these conditions, you will be able to get life cover but may pay more for your premiums. You may also find that the choice of providers willing to provide coverage is not as great as it would be for someone who is relatively healthy.

There are some common medical conditions that are considered by insurers to be high risk. However, applicants with these conditions can find cover, although it means that they will be paying significantly higher premiums. Some of these conditions include:

  • Type 2 diabetes
  • High blood pressure
  • High cholesterol
  • Heart conditions
  • Obesity or high BMI
  • Sleep apnea
  • Asthma
  • Cancer

Compare life insurance policies with cover for different medical conditions

Richard Laycock

Richard is the senior insurance writer at finder.com.au and is on a mission to make insurance easier to understand.

Was this content helpful to you? No  Yes

Related Posts

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback