Life Insurance with Osteoarthritis

Life Insurance

Osteoarthritis impacts individuals differently and can pose challenges in daily life. For some, it can be easily controlled and not affect your life insurance much.

Information required to begin:

• When were you diagnosed with osteoarthritis?
• Do you take any medication for this or have any treatment?
• What symptoms do you have?
• Are you due to have surgery?

Many insurers accept osteoarthritis life insurance applications at standard terms. It is more probable if your symptoms and medication are mild, and you are not scheduled for any surgery.

In cases of severe osteoarthritis affecting several joints requiring strong medication, the insurer may provide policy options with special terms. In life insurance, an increased premium is usually required, and exclusions are not commonly seen.

Most standard insurers recommend waiting until after the surgery for osteoarthritis before applying to ease recovery.

Critical Illness

In the process of applying for critical illness cover, the insurance company will evaluate osteoarthritis considering the severity of your symptoms, the extent of joints affected, medications taken and any pending surgeries.

Osteoarthritis critical illness cover policies may be accessible at standard rates. This is probably the case if your symptoms are mild and you’re not using strong medication.

If the condition is impacting multiple joints and requires stronger medications, it is probable that your policy terms will be adjusted. There is a possibility that policy premiums will go up.

If you’re having surgery, it’s best to wait until after the operation to apply for insurance as most insurers require it.

If you choose to have TPD included in your critical illness cover, there might be an exclusion for your specific condition.

Income Protection

Income protection applications for individuals living with osteoarthritis can be submitted to various insurance providers.

The income protection terms offered by insurers vary depending on their underwriting guidelines for the condition. This involves evaluating the number of affected joints, the required medication potency, and the impact on work due to osteoarthritis.

Income protection policies typically do not cover claims associated with osteoarthritis. If osteoarthritis impacts your daily life and there are any other medical details to consider, the policy might result in a premium rise.