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life insurance question...?

Hello. I was given a quote for life insurance ($40 a month and I am 27) and now I just had a phone interview about my previous health conditions....I said yes that I had depression and was seeking a psychologist about it and that before I was pregnant (am pregnant now) I drank 14 units of alcohol a week...I also said I suffer from asthma. How much and will the quote go up do you think from this information? Thanks. I am in Australia and it is life insurance here :-)

Public Comments

1. Its different with each Company. I recently applied for some quotes and the differences were huge (as much as £5,000.00)!! BTW its life Assurance not Insurance. Sorry to be pedantic BUT; insurance is when you insure yourself against something happening we are all going to die at some point so you cannot, no matter where you are, insure yourself from death. You take out life assurance and the term of the policy assures that you dont die before a certain age.
2. Well, you posted to the USA board. Here in the USA, being pregnant makes you currently uninsurable for life insurance. You can't get it, while you're pregnant.
3. In the US you wouldn't be insurable...not while you're pregnant. g' day.
4. I have written many policies on pregnant women. They can't qualify for preferred rates until re-tested after delivery. Must vary by company.
5. Health conditions will make your premiums more expensive. No one here will know how much. You will have to wait until the policy is issued.
6. It's life insurance in most places. Anyway, my experience won't be too helpful since it's based on US rules (Arizona in particular)...but being pregnant does NOT make you uninsurable. Maybe with some companies, but not as a general rule. I've written insurance on pregnant women. Each of the issues you mentioned (depression, heavy alcohol use and asthma) are concerns for the insurance company and depending upon the severity may have a huge impact on your rates. If you were quoted preferred rates (insurance agents usually like to quote these rates if their client tells them they are in good health) then your rate will most certainly go up. Each of those three factors you mentioned would normally disqualify you from preferred rates. Because you have all three, you may be surcharged on your rate, or you may be declined outright for coverage. If you are surcharged, or declined outright, ask you life insurance agent if you can use the underwriting results from his company to apply with other companies. If you can, you normally don't have to do any of the medical testing again, the new company will just use the results from the old company. That's allowed here, but I don't know if it's allowed there. Good luck and congratulations on your child!