Mortgage insurance with medical condition

bandb39

please can anyone help if they know what companies will take on with medical condition

dunstonh

What is the illness?

TadleyBaggie

You already have one reply on the other thread you started here:https://forums.moneysavingexpert.com/discussion/4598429

bandb39

Had heart attack 2006 and stent fitted, have peripheral vascular disease which is not life threatening

dunstonh

In which case, yes there is but not likely to be the mainstream but a specialist insurer.

bandb39

Thanks does anyone know of a company, i would be grateful for any help

weighty1_2

There is only 1 company I would suggest "may" be able to offer terms and that is Partnership Assurance, however, they only accept business via a broker so you will have to seek one out.

Also, the terms they offer may simply be unacceptable to you. I once had a client who had also had a heart attack and suffered with peripheral vascular disease, although they had not required an amputations. The terms offered approximately 30x the standard premiums offered by mainstream companies. They only offered a maximum of a 5-yr term to that client also.

It actually worked out that he would have paid around 25% of the sum assured over those 5-years!!

Depending on your age, it may be one of those circumstances when an over 50's plan is actually offering reasonable value for money if you would tolerate the initial exclusion period for death from natural causes.

bandb39

Thanks for your help much appreciated I'll give them a ring, could you tell where they are based

thanks

weighty1_2

I can't remember where they are based off the top of my head and as I say, they will tell you too seek advice anyway as they cannot transact business with you directly.

You'd be as well seeking out a protection specialist or IFA as this is your only route to them

dunstonh

Partnership were the one I was thinking of as well. However, they dont transact direct to public. They transact via IFAs.