Uninsurable life?
Discussion
Seems like my life is not worth insuring? Just had a call from a financial adviser, telling me that the insurance company got all my medical details from the Dr., and now have said that they wouldn't insure me?
I was only wanting to make sure my wife and kids were covered if I did die ... I can't get critical illness as I have had a stroke.
Do I have to tell other insurers that another company has decided not to insure me? I would like to go travelling at some point, do I have any chance in getting THAT insured?
It's quite a depressing call, to be honest.
I was only wanting to make sure my wife and kids were covered if I did die ... I can't get critical illness as I have had a stroke.
Do I have to tell other insurers that another company has decided not to insure me? I would like to go travelling at some point, do I have any chance in getting THAT insured?
It's quite a depressing call, to be honest.
"Do I have to tell other insurers that another company has decided not to insure me?"
Yes.
All Life application forms ask if you've ever had an application for cover accepted on special terms or declined.
When did you have your Stroke? This will be key.
We've secured cover for people who've had Cancer & Heart Attacks etc, but it's only possible after certain periods of time having passed.....
Yes.
All Life application forms ask if you've ever had an application for cover accepted on special terms or declined.
When did you have your Stroke? This will be key.
We've secured cover for people who've had Cancer & Heart Attacks etc, but it's only possible after certain periods of time having passed.....
Sarnie is correct on the disclosure element, there's no point having a plan that won't pay out.
There is a huge difference In opinion between the insurers so it's worth someone doing a bit of work on this for you.
There are a couple of providers who offer cover where others won't, but it comes at a price.
We specialise in this area, so drop me a line if you need our help?
There is a huge difference In opinion between the insurers so it's worth someone doing a bit of work on this for you.
There are a couple of providers who offer cover where others won't, but it comes at a price.
We specialise in this area, so drop me a line if you need our help?
aclivity said:
Seems like my life is not worth insuring? Just had a call from a financial adviser, telling me that the insurance company got all my medical details from the Dr., and now have said that they wouldn't insure me?
I was only wanting to make sure my wife and kids were covered if I did die ... I can't get critical illness as I have had a stroke.
Do I have to tell other insurers that another company has decided not to insure me? I would like to go travelling at some point, do I have any chance in getting THAT insured?
It's quite a depressing call, to be honest.
Regarding travel insurance - if you are currently as fit and well as you could reasonably expect to be then I would look into getting an annual travel policy now. The cost will probably be a bit painful BUT the some of the costs associated with being taken ill abroad are truly horrific.I was only wanting to make sure my wife and kids were covered if I did die ... I can't get critical illness as I have had a stroke.
Do I have to tell other insurers that another company has decided not to insure me? I would like to go travelling at some point, do I have any chance in getting THAT insured?
It's quite a depressing call, to be honest.
desolate said:
Regarding travel insurance - if you are currently as fit and well as you could reasonably expect to be then I would look into getting an annual travel policy now. The cost will probably be a bit painful BUT the some of the costs associated with being taken ill abroad are truly horrific.
My Dad had heart surgery (double bypass) following a series of heart attacks aged 56. He's now 67 and still struggles with getting travel insurance. best of luck OP. Not easy
Try Southdown for pre-existing conditions:
http://www.southdownsinsurance.co.uk/pre-existing-...
Prices and cover seem sensible and as such I've used them a few times.
Never needed to claim so can only base on price / service.
No affiliation etc.
Another thing to think about is getting a normal family policy to get all the frilly stuff at a sensible price from the mainstream insurers and then a basic pre-existing medical condition one just for yourself with sufficient medical cover - Although you're insuring yourself twice it has worked out cheaper for me doing this than putting the whole family on a specialist (more expensive!) pre-existing policy when it's just me with a condition needing declaring.
http://www.southdownsinsurance.co.uk/pre-existing-...
Prices and cover seem sensible and as such I've used them a few times.
Never needed to claim so can only base on price / service.
No affiliation etc.
Another thing to think about is getting a normal family policy to get all the frilly stuff at a sensible price from the mainstream insurers and then a basic pre-existing medical condition one just for yourself with sufficient medical cover - Although you're insuring yourself twice it has worked out cheaper for me doing this than putting the whole family on a specialist (more expensive!) pre-existing policy when it's just me with a condition needing declaring.
Edited by Baron Von Alders on Monday 11th May 22:06
I have a client who ummed and aaahed about insurance for a few months.
As luck (bad luck) had it, he was diagnosed woth a condition (nothing too major) but then needed surgery. His epithany focused his mind and he signed and returned the papers - but the insurers (obviously) would have none of it given his procedure and wanted a period of limbo.
And then, once the doctors and the underwriters, were able to declare the client fit and well, and insurable, the premiums were (of course) raised.
The moral of the story - consider appropriate and prescient protection whilst you're young and fit, with no declared conditions and whilst you're a cheap bet. If you are in work and can't afford £20/25 for decent cover that could last you decades, but do insure your handset for a tenner, you have probably got a screw loose somewhere and are uninsurable anyway.
As luck (bad luck) had it, he was diagnosed woth a condition (nothing too major) but then needed surgery. His epithany focused his mind and he signed and returned the papers - but the insurers (obviously) would have none of it given his procedure and wanted a period of limbo.
And then, once the doctors and the underwriters, were able to declare the client fit and well, and insurable, the premiums were (of course) raised.
The moral of the story - consider appropriate and prescient protection whilst you're young and fit, with no declared conditions and whilst you're a cheap bet. If you are in work and can't afford £20/25 for decent cover that could last you decades, but do insure your handset for a tenner, you have probably got a screw loose somewhere and are uninsurable anyway.
swerni said:
Question to Sarnie.
Why would anyone insure someone who is old and has been ill with a new policy?
We are all going to die, that's a given so how do they make a return?
if it's a case of paying out less then the average person will pay in, would it not just be easier to put some money into savings each month?
No disrespect to the OP. I for one no longer have critical illness after being critically a number of years ago.
The policy has an end date, whether that be 5 years, 10 years or whatever term the applicant wants. The insurance company then calculate the risk of having to pay out within that term, naturally the further into your life the policy goes, the more expensive it gets.Why would anyone insure someone who is old and has been ill with a new policy?
We are all going to die, that's a given so how do they make a return?
if it's a case of paying out less then the average person will pay in, would it not just be easier to put some money into savings each month?
No disrespect to the OP. I for one no longer have critical illness after being critically a number of years ago.
The insurance company calculate the risk and set the premium, applicant then decides if that premium is worth protecting the risk that they want to cover.
The insurance company make a return by the applicant not dying within the term of the policy.
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