Life insurance protection for high risk applicants

Yes, it could be possible to secure life insurance for high risk applicants.

Just because insurers deem you to be higher risk than a standard applicant, may not mean your application will be declined.

At LifePro, we help customers from all walks of life secure the cover they need at a suitable price.

Even if you've been declined in the past due to being considered a high risk individual, there may still be some options available to you.

Our specialist impaired risk team could assist you secure some form of cover even if you have previously been declined.

Continue reading our high risk life insurance guide as we expand on some of the risk factors insurers consider and explain what to expect when arranging life insurance as a high-risk individual…

Why LifePro for high risk life insurance?

• Comparison across a range of UK insurers
• Adviser guidance from UK-based advisers
• No broker fee - insurers pay our commission
• Online quote request
• Support throughout your policy lifetime

What is high risk life insurance?

High risk life insurance is simply another way to describe a life insurance policy that provides cover to a high risk applicant.

The life insurance policy will work in the same way as any other life insurance policy.

However, you may have to pay a higher premium if you take part in risky activities, work in a dangerous job, have a pre-existing medical condition or if any other high risk factors are present.

This means you may need to provide more information or answer more questions regarding your circumstances during the application process.

The level of risk involved with insuring you will likely vary between insurers so you’ll want to shop around to see who will offer you the most affordable quote.

Our adviser team can run a panel quote across the UK insurers most likely to take a high-risk applicant and present the genuinely competitive options — no upfront fee, no obligation to take one out.

High risk life insurance calculator

The amount of life insurance you need depends on your financial obligations and what you want to provide for your loved ones. A common rule of thumb is to have cover worth 10 times your annual salary, though your individual circumstances may require more or less.

Consider the following when calculating your life insurance needs:

• Outstanding mortgage balance
• Other debts and loans
• Income replacement for your family (typically 5-10 years of salary)
• Children's education costs
• Funeral expenses (typically £4,000-£10,000)
• Any specific financial goals for your dependents

For example, if you have a £200,000 mortgage, earn £40,000 per year, and want to provide 10 years of income replacement, you might need around £600,000 of cover (£200,000 + (£40,000 × 10)).

Use our comparison service to compare available policies, premiums and cover from a wide range of UK insurers.