Mortgage Protection Insurance Discussion

adamcarvell

im not after health insurance just mortgage protection.

dunstonh

Dunstouh is wrong to say permanent health insurance stands out as the 'proper' insurance as mortgage insurance and income protection insurance also have their legitimate places in the mix of options.

I'm not wrong. It's universal opinion that an underwritten PHI policy is better than a PPI. Just look at the claims stats.

Certainly mix and matching PPI and PHI can be a valid option. However, if you have to choose one or the other, I would get PHI every time.

im not after health insurance just mortgage protection.

You are after health insurance. Permanent Health Insurance. (you are thinking of medical insurance when you say you are not after that. Many people mix up health and medical to think they are the same thing).

stringer_2

HI

I have MPPI and life insurance, however I am unable to get the quotes down or be accepted.

I have been refused for life 5 times due to past medical issues and family medical history.

I have MPPI, however after 4 years of tried to get the policy documents they finally arrived, originals lost in the move. it clearly states that any pre-existing medical conditions are not covered, I was not told of this and therefore should I be able to claim the money back due to misselling?

does anyone know of any companies who would quote me with pre-existing medical?

Cheers

:T

adamcarvell

i want cover if im made redundant not if i fall ill.

dunstonh

adamcarvell wrote: »

i want cover if im made redundant not if i fall ill.

Get a standalone "U" policy if that area concerns you.

herbiesjp

stringer wrote: »

HI

I have MPPI and life insurance, however I am unable to get the quotes down or be accepted.

I have been refused for life 5 times due to past medical issues and family medical history.

I have MPPI, however after 4 years of tried to get the policy documents they finally arrived, originals lost in the move. it clearly states that any pre-existing medical conditions are not covered, I was not told of this and therefore should I be able to claim the money back due to misselling?

does anyone know of any companies who would quote me with pre-existing medical?

Cheers

:T

You will need a company that deals with "higher risk" clients.

Whether or not you will be accepted will depend on the actual conditions - not things things to post on a forum.

That is for the life side.

The MPPI is more tricky, as it is not medically underwritten, and so again you would need to read policy wording very carefully.

adamcarvell

are there any good companies out there who are not to expensive?.

ambitiouscat

Hi all, Hoping someone can help me out with my husband's MPPI. He earns a good salary and is in full-time employment. If he were to be made redundant, he would receive 12 weeks pay. He currently has cover with the Post Office, but we're thinking of changing to iProtect as it's half the price for slightly better cover (back to day 1, as opposed to 30 days exclusion). Because he would be entitled to 12 weeks pay, though, I am worried that he wouldn't receive any payment until after those 12 weeks were up.

I rang the Post Office on numerous occasions to ask whether they would pay out from day 1 even if he received a pay-off from him company but got totally different answers. Some people said yes, some said no.

Can anyone answer this for me? I'm trying to decide whether we should just ditch this cover and save the money. He also gets good A and S cover from his company anyway...

Thanks for any help,

Ambitiouscat

middxm_2

I took out an MPPI with Norwich Union years ago and on being made redundant they did pay out the max £1500 cover a month I had paid for after 30 days for 12 months. All of this time I had to ensure that I carried on paying the monthly premium of £75 which was then increased to £94 6 months in - I complained and have been told I will be refunded back the £75 extra I was charged so that is fine, but should I not have had to pay during the 12 months I was claiming due to redundancy ? I saw a site today online where it stated that " . Insurers refund your monthly premium when we pay your claim. If you select a monthly benefit of £300 per month and the premium you pay is £14.25, on a claim they would pay you a monthly benefits total of £314.25." ..... does that then mean I should have been getting the £1500 plus the £75 I was paying them ?

dunstonh

but should I not have had to pay during the 12 months I was claiming due to redundancy ?

Depends on the terms of the policy. Some do, some dont.

does that then mean I should have been getting the £1500 plus the £75 I was paying them ?

Read your policy document as that will tell you.