Life Insurance & Suspect Mortgage Advisors

Hotlips_3

Morning All,

I have recently bought a house and my 'independent' mortgage advisor was a friend of a friend. He put me forward to Norwich Union for my Life Insurance (including critical illness cover) and it jumped from £34 a month to £68.94 once they received my doctors notes. Now, i am a healthy 30 year old, who has had family history of cancer.....but surely, it shouldn't jump that much, as 'most' scientists say that cancer is not hereditary? Does anyone know whether it's worth having 'Critical illness' cover, or do I just go with standard life insurance? I feel like I have been ripped off and that my mortgage advisor is making a few pence (or rather, pounds) out of me. Can anyone advise another company who will give me a better quote?
Thanks

dunstonh

The protection advisor has no influence over the actions of the insurance company. To suggest that the advisor is ripping you off is inappropriate.

Norwich Union do tend to appear in the top 3 cheapest providers more often than not. So the initial choice seems totally valid.

As for what you do now; you have a increased premium on your record. If you shop round, this will now need to be declared on all future applications, for the rest of your life. That will flag a warning to all other providers and you will be checked out more thoroughly than before.

I would suggest you go back to the protection advisor and tell them that you feel the premium increase is very high and ask them to look at alternatives. He/she can check with other insurance company underwriting departments to see if the would look upon you more favourably.