Which insurance for a pre-existing condition?

StarGazer85

Hi there everybody..
I am wondering if you could advise on which insurance product I would need for a condition I have.


I am a teacher, not married and no children, about 30 years from retirement.


I have currently got life insurance but I don't think I need this as I have a teachers pension.


I have an ongoing condition that affects my eyes. I have had it since birth and it is stable. I am not able to drive but the situation has not got any worse in the last 30 years. However, should the worst happen and I become unable to work because of losing my sight I don't want to be in financial trouble. I am currently paying off a 200k mortgage.


What do you recommend I go for? Will I be able to get any insurance at all due to the above? It's not expected that I will have serious problems in terms of eyesight as I get older but I would say it is much much more likely than the average person.


Any advice and tips welcome.


Thank you

now3d

Hello

Got a quote from Vitality health insurance, but they exclude preconditions with anything treated within the last 2 years (eg my physio on my knee NHS, shoulder surgery NHS).

Are there any policies which don't exclude any pre existing conditions?

It's a real pain if I need to pay £900 per year.. and then not have anything I can claim until some years down the line.

Weighty1

now3d wrote: »

Hello

Got a quote from Vitality health insurance, but they exclude preconditions with anything treated within the last 2 years (eg my physio on my knee NHS, shoulder surgery NHS).

Are there any policies which don't exclude any pre existing conditions?

It's a real pain if I need to pay £900 per year.. and then not have anything I can claim until some years down the line.

You have private medical insurance whereas it appears the OP is looking for some form of income protection.

OP, in all honesty, it's unlikely that you'd find a provider who would be willing to offer long term income protection for a condition which is already present, albeit stable. I say that tentatively as it would be dependent on the condition itself and whether it is likely to deteriorate over time. The benefit of long term income protection is that it is the easiest form of insurance to claim on as anything (other than your eyes) which causes you to be off work long term would allow a claim.

If you wanted to cover your eye issue then some of the better short term income protection plans (Accident, Sickness & Unemployment as they were formerly known - the unemployment cover is optional) will only exclude pre-existing conditions for the first 12-months that the plan is in force. The biggest problem with these sorts of plans is that they normally only pay out for a maximum of 12-months. This would at least provide some financial breathing space once your sick pay entitlement runs out.

now3d

Thank you for your reply. It almost becomes cheaper to pay out of own pocket, from cash in an ISA etc that I saved for emergencies.. "self insuring"