Forum

Life insurance

I have been trying to apply for life insurance for a couple of months now, I keep getting turned down, then I was told that legal & general would be the only ones to accept me with my MS… They have turned me down. Does anyone know of an insurance company that will accept me for life insurance? I can’t even apply for a mortgage on a house without life insurance. I hardly think it’s fair.

Hi, who has been giving you this information? It is incorrect. I am a solicitor and have had MS for 6 years and took out my first mortgage in March last year and had no difficulty whatsoever. It is with the Halifax, they don’t ask any health questions in your mortgage application as their funds are secured on your property. I also took out my second life insurance policy with legal and general and again didn’t have any difficulty. They did wish information about my MS and access to my medical records. My first insurance policy is with Aviva but I’ve had that for over 12 years and this was before any diagnosis. There is no requirement to update them in respect of health issues as life goes on. You do no require to have life insurance to get a mortgage. It is advisable but not a requirement. Speak to a financial advisor and they will steer you in the right direction. Best of luck.

Anonymous is right, you do not need life assurance to apply for a mortgage. The lender has first charge on the property which means that if you die while the mortgage is still running, they get their money back first when the property is sold so no need for medical questions either. Go through a reputable broker or financial advisor or better still go direct to the bank or building society and they will guide you through the process correctly as it sounds like you have been given some duff information.

Good luck and happy house hunting!

Totally agree with the others, life insurance for a mortgage is “Advisable” but not a necessity.

As for getting life insurance though, I took out a joint policy with Aviva about 3 or 4 years, telling them about my MS and other health bits and bobs.

They were more concerned with my high blood pressure rather than the MS.

In fact it is the high blood pressure that that is named on the policy for the increase in premiums, no mention of the MS.

Ring the insurance companies yourself.

I found that these “specialist brokers” who find cover for people with disabilities a rip off.

I cant remember how, but I was put in contact with such a broker via this site when my original policy, taken out before the MS with Legal & General expired 3 or 4 years ago, his commission for finding a new policy was around £1000 (insurance company pays that), so clearly he’s going to deal with the companies that offer the best commission, not caring how much your premiums are going to be !

I ended up simply going direct to Aviva and sorting it out myself.

I was actually told by the underwriting team that the MS had no affect on the Life Insurance policy they were offering, but did stop me adding Critical Illness cover to the policy.

I’ve been going through the same thing, critical illness on my last policy paid out so had to get new policy. The company chosen, through that ‘Meercat’ is hing asked lots of questions and medical records needed. They rang this week to say that as my diagnosis is recent(October 31st) my premiums will be high. If I wait and reapply in June(start of symptoms last year) my premiums will be cheeped ask would have a greater knowledge of my condition. So pay more now or wrap myself in bubble wrap until June??

Apologies - tried doing this on my phone and having reread it I need to post it properly,

I’ve been going through the same thing, critical illness on my last policy paid out so had to get new policy. The company chosen, through that ‘Meercat’ thing, asked lots of questions and medical records were needed. They rang this week to say that as my diagnosis is recent (October 31st) my premiums will be high. If I wait and reapply in June (start of symptoms last year) my premiums will be cheeper, as I will have a greater knowledge of my condition.

So pay more now or wrap myself in bubble wrap until June??

Each insurance company must play by a different set of rules per condition ?

Aviva were far far more concerned with my high blood pressure than the MS.

My policy shows the MS as being recorded, along with any other illness’s and operations I’ve had in the past, and also any family background illness’s, but it’s the high blood pressure that is quoted as forming part of the increase in premiums.

The under writer I spoke to for Aviva even said that they (underwriters) do not regard MS as a life-threatening illness.