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Diabetes and Endowment policy
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wazza
Posts: 2,595 Forumite
Relative has just been diagnosed with type 2 diabetes and has been given a course of tablets to control it.
He has an endowment policy which was taken out in 1990. Does he have to inform them of his diabetes?
was looking at this website http://www.diabetes.org.uk/Guide-to-diabetes/Living_with_diabetes/Everyday_life/Insurance/Life_assurance_critical_illness_income_replacement_and_mortgages/
and in the first paragraph it says that if you already have a cover then it is unaffected.
could someone confirm this
thanks in advance
He has an endowment policy which was taken out in 1990. Does he have to inform them of his diabetes?
was looking at this website http://www.diabetes.org.uk/Guide-to-diabetes/Living_with_diabetes/Everyday_life/Insurance/Life_assurance_critical_illness_income_replacement_and_mortgages/
and in the first paragraph it says that if you already have a cover then it is unaffected.
could someone confirm this
thanks in advance
Problem with having access to internet is that i get asked by many to solve their problems 
Well at least i learn something on the way 
Well at least i learn something on the way 0
Comments
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Yes, no need to let them know and cover will continue.
If he ever decides he wants to surrender the endowment, he should always get quotes for replacement life cover (if necessary) before surrendering, to check whether he will be charged higher rates because of the condition. If so, it might make it worth keeping the policy.Trying to keep it simple...
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thanks for the replyProblem with having access to internet is that i get asked by many to solve their problems Well at least i learn something on the way 0
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