Life insurance

Having cardiomyopathy can affect your ability to get life insurance, but knowing how to apply can help you to find out whether it is suitable for you.

Life insurance pays out a sum of money to provide for your loved ones if you die. Not everyone needs life insurance, but it is helpful for anyone with dependants and if anyone else relies on your income, for example a spouse or family that relies on you to pay the mortgage or living expenses.

There are different types of life insurance, such as:

Term life insurance- this covers a specific period of time which pays out in the event of death. 

Mortgage decreasing -  this covers the cost of your mortgage, or other financial outgoings. This is often the cheapest way to arrange life cover.

Whole-of-life insurance-  the main reason for a Whole-of-Life plan is to protect against future Inheritance Tax.. This is a “substantive” plan, (guaranteed to pay out at some point), so premiums are much more expensive than other plans

We recommend seeking advice from a financial advisor. Answers to frequently asked questions about premiums, how to get life insurance and getting good cover can be found in our downloadable PDF at the bottom of this page

Further information on Life Insurance 

Money Advice Service - provides free and impartial advice about money

Money Saving Expert - has information on life insurance and guidance on finding the best cover

Financial Ombudsman Service - has information about how to complain if you have any dispute with an insurance company

Which? - independent review of insurance

Bill Bartholomew - Bill is a long-standing volunteer for Cardiomyopathy UK. He is an Independent Financial Advisor who specialises in securing life insurance for people with cardiomyopathy following his own personal experience of cardiomyopathy.