Transgender & Life Insurance

We understand that being transgender is not a choice that a person makes to change their gender, it’s a decision to live their life as they truly are.

Our advisers will listen to you and no matter what stage you are, in your transition, will find you insurance with an insurer who is supportive of your health.

Things we need to know:

• Are you planning gender reassignment surgery?
• Do you take hormone replacement therapy?
• Have you spoken to a counsellor or psychiatrist?

Life Insurance for transgender people should be available at standard terms with most insurance providers. Changes to the law in 2012 mean that insurance providers must provide the same premium pricing for both males and females.

For transgender people this means that you can apply for Life Insurance as male or female, depending upon your gender identity and not your biological sex. Unfortunately protection insurance applications still require us to say that a person is either male or female.

We know that this might not feel supportive and we do appreciate that it could cause a negative feeling towards applying for insurance. Whilst we cannot change insurers systems we will make a note of your true gender and pronouns, so that we can support you fully.

If you are planning to undergo surgical gender reassignment, it is possible that the insurer will postpone your Life Insurance application until after this occurs.

Critical illness cover pays out a cash lump sum of money, if you are diagnosed with a medical condition that is listed in the insurer’s claims set e.g. cancer, heart attack, stroke.

Critical illness cover for people who are transgender can also be available at standard terms with many insurers. The insurer will want to know if you have seen a psychiatrist about your transgender identity, if you take any medication or are planning gender reassignment surgery.

Being transgender does not place you at a higher risk of making a claim on the the policy, so you should be offered this policy at normal terms, provided that you have no other risk factors.

For those who are awaiting any form of surgery in the near future the insurance provider will generally delay the application for Critical Illness Cover, until after you have fully recuperated.

Income protection pays you a replacement of your monthly income, if you are unable to work due to ill health.

Income protection for transgender people will generally be available at normal terms. The insurer will want to know if you have had any time off work due to medical reasons in the past.

Insurers treat men and women equally when it comes to the pricing of income protection policies, so being transgender in itself, will not affect the terms that you are offered. If you are in good health, it is likely that you will be able to secure income protection at standard terms.

Are you planning a holiday? It is important that you arrange travel insurance that covers you if you were to fall ill and need medical assistance.

We are delighted to have teamed up with experts in travel insurance Emerald Life, that can help you get the protection that you need. Emerald Life are dedicated to diversity and inclusion and you can find out more about them on our travel insurance page.