Life insurance, on the other hand, pays a fixed sum to your loved ones when you die. With some policies, it also pays you a fixed sum – based on the severity of your condition – if you’re diagnosed with a serious illness.
However, our health and life insurance do share two important similarities as well: firstly, unlike other providers, both are designed to help prevent illness and keep you in good health. That’s because they both give you the chance to earn rewards for getting active, like weekly cinema tickets and big discounts on travel. Rewards come as standard with Personal Healthcare plans and are available on Life plans that include Wellness Optimiser or Vitality Optimiser.
Secondly, both our health and life insurance have been independently rated 5-star by Defaqto – to give you the extra peace of mind that comes with knowing you’re taking out some of the highest-quality cover available.
It’s a little different with life insurance, because there are different types of cover better suited to different stages in your life. For example, when you buy your first property, you might want to protect your income - and your investment - should you ever be off work because of an accident. Similarly, when you have children, you might feel the need to provide them with a little extra security for their future. And when you’re coming up to retirement, taking out some form of cover can give you extra peace of mind in your later years or give you the opportunity to leave a gift to your family.
With our private healthcare, you have the certainty of knowing you’ll have a video consultation with one of our private Vitality GPs within 48 hours and receive fast consultant referrals. So, in the end, it comes down to a matter of deciding how much you value speed of treatment and control over the treatment process.
If you don’t have any pre-existing medical conditions when you take out a plan, you can just give us your personal details, pick your cover and answer some basic questions about your medical history. Depending on the answers, we may ask you for more information and exclude some medical conditions from your cover, or we may not offer you cover.
For more information on underwriting, speak to our team on 0808 252 5548.
For life insurance, you can cut the cost of your upfront premiums in the first year by up to 60%, if you add the Wellness Optimiser option to your plan. For fixed-term cover, the level of your starting discount depends on the number of years you choose; for Whole of Life cover, it’s based on your age at the start of the plan.
If you don’t make a claim in subsequent years of your plan, your Vitality Status can give you another way to keep your life insurance premiums low. For example, by reaching Gold Vitality status, your premium will stay the same as long as you maintain Gold status; if you reach Platinum Vitality status, your premium will go down by 1% a year, as long as you maintain Platinum status. The same applies to life insurance premiums, as long as you add the Wellness Optimiser option.
There’s one more way to save money with our health and life insurance; by tracking your activity and getting active, you can earn a wide range of rewards and discounts from our partners. These include a weekly cinema ticket at Cineworld or Vue and a weekly handcrafted drink at Starbucks.