Life Insurance After a Stroke

In Australia, obtaining life insurance and income protection once you have had a stroke can be incredibly difficult. Particularly income protection insurance where it is often impossible. However, even though a stroke can be a life changing event, there are often options available to you if you speak with an expert. We have had significant success in assisting people who have had a stroke in obtaining life insurance and at times income protection.

At Curo Financial Services, we understand that Strokes are incredibly nuanced and there are many different circumstances that need to be taken into account to ensure that your case is assessed fairly. We take the time to understand your medical history so that we can tell your story in the most positive way when presenting it to insurers.

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What is a Stroke?

Strokes come in many different shapes and sizes with significant differences. Essentially, a stroke is what happens when blood cannot supply oxygen and vital nutrients to your brain. When brain cells do not receive sufficient oxygen and nutrients, they die.

The two main ways in which a stroke occurs is when a blood clot blocks a blood vessel (Ischaemic Stroke) or when a blood vessel leaks or breaks (Haemorrhagic Stroke).

Source – Stroke Foundation

Stroke In Australia

Stroke is the leading cause of disability in Australia with as many as 1 in 50 Australian adults have had a Stroke in their lifetime. Stroke is alos one of the biggest killers in Australia, measured to be the second most common cause of death.

Although more common later in life, almost a third of all stroke survivors are of working age. The impact of stroke can vary significantly, with some survivors being able to carry on with their usual lives while others require ongoing care.

In Australia, Stroke kills more women than breast cancer and kills more men than prostate cancer yet it doesn’t garner the same level of attention.

Types of Strokes and their Impact on Your Insurance Application

There are a number of different types of stroke which significantly impacts your options when it comes to Life Insurance, TPD insurance, Income Protection and Trauma Insurance.

These are some of the most common types of stroke:

Transient Ischaemic Attack (TIA) – A TIA is characterised by a temporary blockage of blood supply to your brain. The key here is that the blockage is temporary, the symptoms are often temporary too. If the blockage is temporary and subsequently clears, the brain will begin to receive the oxygen it requires. As a result, there may well be no long lasting damage. Transient Ischaemic Attacks are generally viewed quite favorably by insurers and we have had success in obtaining Life Insurance and Income Protection for those who have suffered from it.
Haemorrhagic Stroke– A Haemorrhagic Stroke refers to a stroke that results in bleeding in the brain. This bleed results in the brain being deprived of both oxygen and nutrients. The two most common types of haemorrhagic stroke are Intracebebral Haemorrhages and Subarachnoid Haemorrhage. These types of strokes can be caused by an aneurysm amongst other neurological issues. It is incredibly difficult to obtain income protection after this type of stroke however we are often able to secure life insurance.
Ischaemic Stroke – An Ischaemic Stroke is a stroke that is caused by a blood clot. When a clot forms within the arteries of your brain, it can block the flow of blood which results in an Ischaemic Stroke. The two most common types of Ischaemic Stroke are Embolic Strokes and Thrombotic Strokes. This type of stroke can result in lasting brain damage. We have had success in obtaining life insurance for those who have had an Ischaemic stroke.
Childhood Stroke – This is the least common type of stroke and, as the name suggests, occurs during childhood. Approximately one if 50,000 children will have a stroke during childhood. There are many different causes for childhood strokes and it is important for us to get an understanding of what caused your stroke before being able to determine the availability of life insurance or income protection.

Source – Stroke Foundation

Other Lifestyle Factors Impacting Your Insurance Application

If you have had a stroke then you will appreciate the importance of maintaining a healthy lifestyle so as to reduce your chances of complications in the future.

Height & Weight – Your height and weight plays an important part in painting a picture of your overall health. A healthy BMI will result in more favourable options being available to you.
Smoking – Smoking significantly increases your likelihood of suffering a stroke. If you continue to smoke after having a stroke, you may well find it impossible to obtain any form of life insurance.
Other medical conditions – Other medical conditions such as your blood pressure and cholesterol readings may be used to assist in determining your overall health. These measurements are often an indication of how diligent one is with their health, particularly in light of such a significant scare like a stroke.

Interested in learning more? Talk to an expert!

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Can I Get Life Insurance After a Stroke?

You may well be able to get life insurance following your stroke. In order for us to assess this further, we will need to get a better understanding of your circumstances in addition to reviewing your medical reports and scans. Please have these handy when contacting us to discuss your options.

Does Life Insurance Cover Strokes?

Yes, Full retail Life Insurance policies will cover you in the event of you dying from a stroke. It is crucial that you provide your insurer with all of the details regarding your medical history so that you can have peace of mind that any unforeseen illnesses are covered under your policy. There are a handful of retail accidental death insurance policies which will only cover you for death from an accident (and not an illness) however these policies are a last resort.

Can You Get Life Insurance after a TIA?

We have helped many Australian’s get life insurance after suffering a TIA. We will need to get a detailed understanding of your TIA as well as your circumstances today before being able to determine whether we can assist you.

Is a Stroke a Pre-Existing Condition?

A pre-existing condition is any medical condition that you have had prior to starting your life insurance policy. As a result, if you have had a stroke before you applied for cover, it will likely be considered a pre-existing medical condition.

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Cherie Haig

It has been my pleasure to deal with Brent and his team over the years I have been their client. All queries have been explained promptly, intricacies of policies and decisions I contemplated explained, and the level of service Brent has provided exceeds 5 stars.

Jen W

Brent from Curo Financial Services has exceeded our expectations and has been a pleasure to deal with. Brent is professional, trustworthy and provides excellent service that goes above and beyond. Brent is compassionate, kind, and caring. Brent has always had our best interest at heart and really takes the time to ensure you feel supported. Brent has made the process of dealing with insurance easy and has made it a positive experience. Brent is a pleasure to work with.

Justin Fitzgerald

We dealt with Brent and he was an absolute pleasure to work with. He supported us in a very caring compassionate way at a time where we were very stressed.
Brent went above and beyond and his customer service was impeccable.
Thankyou for making a difficult time seem not so difficult.

Vicki Taylor

Thank you Curo Financial Services for providing me with friendly, professional services, I am very grateful especially to Behram Ali. Would highly recommend their professional services.

Mark Crimmins

It is my absolute pleasure being able to write this glowing review about Brent and his team.
Brent and I have known each other for many years with Brent advising me where needed on my income protection policy. Throughout that time Brent has been very thorough in keeping me updated with any changes within the industry and how that may affect my extremely important policy.
Life takes some interesting twists and turns and it just so happens that I unfortunately needed to call on the benefits on my amazing policy.
Brent was right there when you needed him the most, guiding me through the entire process and following through with everything he had advised me on in the past.
I can’t thank Brent enough for being by my side offering genuine Compassion and knowledge when needed.
Thanks for everything Brent. You are a true credit to yourself, the company and your family.
Warmest regards
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Herman Bothma

Curo Financial Service have given me out standing customers service over the years. Brent have great knowledge to what product would be the best suited for my level of cover and great advice over the years.

From the day I took out my life insurance cover and Income protection Brent was there to answer any questions I had and
when I was diagnosed with pancreatic cancer years later Brent made the Claim process easy with good communication clarity with what’s information is needed a piece of mind in a uncertain time for me but not only where he professional through out the process he showed support empathy, kindness and a level of care that’s hard to find these days.

I would Recommend Brent and Curo financial Services without any hesitation. I am sure they would look after you too!

Paul Michael Jamieson

We have been dealing with Brent from Curo Financial Services for a while now and have found them extremely helpful and always acted in our best intrest
So I would have no hesitation to recommend them to anyone
Paul

Jocelyn Jamieson

Have dealt with this firm for many years and always received fantastic service. Would highly recommend. Nothing is too much trouble for Brent. He goes out of his way to assist.

Ari Mitchell

I recently had the pleasure of working with Brent from Curo, and I cannot express enough how exceptional my experience was. From the moment I reached out for assistance, Brent demonstrated an unparalleled level of subject matter expertise and a dedication to providing outstanding customer service.

Brent's knowledge and proficiency in their field were immediately apparent. They patiently listened to my concerns and questions, providing thorough and clear explanations that made even the most complex concepts easy to understand. What truly set Brent apart was their willingness to go above and beyond to ensure I had all the information I needed. Their expertise was not just impressive but invaluable.

Additionally, the customer service I received from Brent was nothing short of outstanding. They were not only professional and efficient but also genuinely friendly and approachable. Brent took the time to address all my queries, no matter how big or small, and made me feel valued as a customer. Their patience and willingness to assist left a lasting impression on me.

I am truly grateful to have had the opportunity to work with Brent at Curo. Their expertise and dedication to providing exceptional customer service are a testament to their commitment to excellence. I would highly recommend Brent to anyone seeking top-notch assistance and support. Thank you, Brent, for your outstanding service – you have definitely earned a loyal customer in me!

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I found service received from Curo Financial Services professional and stress free.Communication was easy with regular updates. A positive outcome was achieved to an insurance claim. Highly recommended.

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General advice warning: The advice provided is general advice only and in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.

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