Peter is a 42-year-old bachelor living in Glasgow. He was recently made redundant from his job as an oil rig worker and is about to start up his own consultancy in the oil industry. Having left the company he was with, he is now not going to have any private medical insurance. He is in good health apart from experiencing flashbacks from an incident on the oil rig where his colleague was injured a few years ago. Peter is receiving therapy for this and it is under control. He has never smoked. He is not restricted in terms of budget, having been left a large sum of money from his family, who were all healthy. What do you recommend?
Stephen Walker, Medical Insurance ServicesHaving joined the ranks of the self-employed, Peter should be looking at a comprehensive policy that will get a problem diagnosed and treated as quickly as possible in order to minimise the time away from work and any subsequent loss of earnings. Should he apply for a policy on a fully-underwritten basis, he will have an exclusion on treatment relating to his flashbacks, and this would not be covered either on an industry-standard moratorium until a two-year 'clear' period has elapsed after the commencement date of the policy. However, the PruHealt...
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