How a stroke might affect your policy
Insurance is about probability – so the greater the probability of you making a claim then the more likely it is that your premium will be higher to reflect that risk So if you’ve had a serious illness or incident like a heart attack or stroke, then chances are your premium will be loaded (increased) to counteract the risk of a claim being made.
Insurance providers will assess your own unique circumstances in order to come up with a fair premium. So for example, if your stroke was severe or you’ve had multiple strokes then you’d probably pay more than someone who’d only had a mild incident several years ago.
Your insurance provider may also insist on adding a stroke exclusion into your policy. This means that if you die as a result of a stroke (or anything relating to a stroke) then they won’t have to pay out to your beneficiaries. It might seem unfair, but remember, insurance providers are all about minimising the risk of a claim.
Take heart from the fact that you do have options even after you’ve had a stroke – they may be limited and insurance providers may insist on exclusions, but you’re far from ‘uninsurable’.