Life Insurance 7 June 2004 at 9:37PM in Insurance & Life Assurance 7 replies 1.1K views

arkwright_2

I have a friend who is in his late 50's who recently suffered a heart attack and is now back at work but on medication, he is looking to take out life insurance and has been quoted for £37 a month for £5000 benefit.
Does anyone know if there are any companies out there that can do the same benefits without any medicals, only a bit cheaper.

dunstonh

£37 for £5000 is pretty good.

No mainstream insurance company will take him on without medical disclosure. If its only recently happened, its unlikely they would take him on full stop.

This leaves smaller specialist companies such as the rather "crap" over 50s plans. However, in this case, they may be less crap than those that have a clean health history.

saraT_3

would it be the same if someone was diagnosed with epilepsy

dunstonh

depends on the severity. An IFA could input the details into one of the online underwriting insurance companies which give an immediate decision. That would be the best way to find out.

lighthouse_3

can anyone advise of an online underwriting insurance company

dunstonh

There are quite a few. Some have different degrees of online underwriting before they fall back to back office underwriting.

Usually, once the IFA knows the basics of your medical history and has put your details into the various quote comparison engines to see who comes out top, the decision would be made then as to which provider to use.

lighthouse_3

is there anyone out there better than the rest. or do they all really provide the same service

rossbenn

arkwright wrote:

I have a friend who is in his late 50's who recently suffered a heart attack and is now back at work but on medication, he is looking to take out life insurance and has been quoted for £37 a month for £5000 benefit.
Does anyone know if there are any companies out there that can do the same benefits without any medicals, only a bit cheaper.[/QUOTE


I dont mean to seem harsh but isnt there a message here? Take out the assurance when you are healthy.