Hi everyone, we have Matt Rann back with us for the first time in Season 7 and we are focusing upon family medical history and how this can impact insurance applications.  There are lots of things to know in terms of what you need to tell insurers about your family medical history and what you don’t need to tell them too.

We are taking a look at the most common medical conditions that can lead to a rating or exclusion if someone has a relative that has a condition that the insurer asks about. When we say family medical history this is just the blood related parents and siblings, to the best of the applicants knowledge.

The key takeaways:

• A person with 1 parent that has type 2 diabetes has a 40% chance of developing the condition, if 2 parents have type 2 diabetes the risk increases to 70%
• Someone with a family medical history of colon cancer diagnosed under the age of 50, will generally see a minimum +50% rating for critical illness cover
• The BRCA gene is linked to increased breast cancer, prostate cancer, pancreatic cancer and ovarian cancer, as well as others

Next time I will be hosting an episode with Conor D’Arcy who is Head of Research and Policy at the Money and Mental Health Organisation. We will be talking about the findings in their recent report about how mental health and insurance are working (or not working) together..

Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.

If you want to know more about how to arrange protection insurance, take a look at my 13 hour CPD Protection Insurance in Practice course here and 1 hour CPD Protection Competency Exam here.