Can mentally unwell person get full insurance refund?

hubris

My mother has schizophrenia, and I am the Court appointed Deputy for her property and finances. I recently discovered that last year she took out an insurance policy that will pay out a small sum in the event of her death. We agree that she does not need this, and I intend to cancel for her. But do we have grounds for a full refund even of premiums already paid, due to her mental illness? The insurer is Aviva.

Thanks.

dzug1

I don't think so - she has had the benefit of the cover, which would have paid out had she unfortunately died.

Savvy_Sue

I'm no expert - they'd be on the Insurance board - but I wonder if the answer would depend on how she took this out. If she contacted a broker and said "I need life insurance" and they tried to check whether she did but she was adamant, it would be harder to argue for a refund of premiums than if someone visited her at home and gave her the hard sell.

Oldernotwiser

Is there any way that Aviva could have known that she had a menta lillness?

richard9991

Oldernotwiser wrote: »

Is there any way that Aviva could have known that she had a menta lillness?

dont insurance companys ask about health problems including mental health when you apply

dzug1

richard9991 wrote: »

dont insurance companys ask about health problems including mental health when you apply

Not necessarily

Many of these policies aimed at the elderly (=over 50) have no health requirements. They just don't pay out if death is in the first year or two.

And it could have been asked and received a wrong answer

I'm not sure that the mental health angle is helpful - the law is heavily biassed in favour of people being allowed to make their own decisions, and (certainly prior to deputyship) no one else having the power to intervene if they think that decision is wrong.