Insurance For High Risk Candidates

Many Australians choose personal insurance such as Life Insurance or Income Protection at key times in their lives such as marriage, purchasing a house or starting a family. It is often not until they actively investigate their insurance options that some people find that their health or lifestyle issues can make them a less than attractive proposition to insurers. If you feel you may be one of those people, there’s a few factors you should consider.

With a little forward planning, higher risk insurance candidates can make their application process easier.

What Factors Affect Your Insurance Premiums?


The first and most obvious factor is your health. Many health conditions attract a premium loading. These conditions may include Heart Disease, Cancer, Diabetes, Parkinson’s Disease and Multiple Sclerosis.

Obesity is a major factor in insurance premium costings because it is linked to many other medical conditions.

During the application process, your Insurer will ask many questions about your medical history and that of your family. It is important that you be very open and honest with your Insurer at this stage as non disclosure of a medical condition will affect later claims.


Smoking status and substance abuse (including alcohol) will also affect your insurance premiums. The good news is that this is something that is within your control. If you are currently drinking heavily, smoking or taking illegal drugs, you’ll find that when you give up your substance, your insurance premiums can be reduced after a period of stability.


Because on average, women live longer than men do, men typically pay more for Life Insurance. Although this is a rule of thumb, the health and lifestyle factors outlined above will weigh more heavily.

What Can I Do?

There are some factors that affect your Insurance Premiums that are simply unable to be changed. The good news is that other factors such as your weight, alcohol and tobacco intake are within your control. By taking charge of your health and lifestyle, you’ll not only be reducing your Insurance Premiums, but ensuring a better future for yourself and your family. And let’s face it, that’s why most of us choose personal insurance in the first place.

Talk to An Experienced Adviser

If you’re a high risk applicant, it is critical that you seek experienced advice. The team at Make A Difference Insurance is able to guide you through the options presented by 11 of Australia’s leading insurers to make sure that you receive a suitable level of insurance coverage that is tailored to your individual situation.

It can be discouraging and intimidating seeing how many factors can affect your insurance premiums, but in those restrictions comes a level of freedom. While you might not be able to change your gender or certain aspects about your health, it’s important to realise there are certain things you do have control over. By making choices to reduce the amount of substance use you engage in, as well as making the effort to live a more health-conscious lifestyle, you’ll do more than save money on life insurance; you’ll pave the way to a better life for you and your family.

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