Depression case study: Ms. Gibson (April '13)
This client approached The Insurance Surgery looking for Depression Life Insurance in February 2013. Our consultants were very happy not only to have obtained cover for this client but also towards the bottom end of the scale of our estimate range.
After speaking to a number of insurance underwriters regarding this case, our consultant established that there would be a number of providers who would offer cover and the estimate range was from £24 to £46, which shows how much premiums can vary.
Case study details:
Cover applied for: Depression Life Insurance only
Sum Assured: £100,000
Term of cover: 30yrs
Medical condition: Depression (Post Natal)
Smoker status: Smoker
Medical info: Depression (Post Natal), Diagnosed '05, 1 Suicidal attempt '06, controlled with medication and 1 hospital admission
Estimates: £24 - £46
Additional information: We applied to 2 companies for this client and the second company came back with a premium of £32.30 for the same cover, therefore, was over £7 per month more than we found through our 1st choice provider.
For more information about Depression Life Insurance or any of our products visit www.the-insurance-surgery.co.uk or contact freephone 0800 083 2829 to speak to one of our expert consultants