Refused life insurance and need it urgently

ridvimes

Hi,

My sister is 50+, got a mortgage and children, she suffered breakdown and took some pills in past (decade+) and been fine since but angina, asthma and now facing hysterectomy . She has been refused by two major insurance companies for life insurance despite the doctor writing and saying all her conditions are managed well and she is an individual who take good care of herself and she is not regarded as a n anything but a usual risk.

Are there any companies out there that will insure her (exclude any specific risks they want) but give here some kind of cover for her mortgage and children?

All info gratefully received.

dunstonh

Are there any companies out there that will insure her (exclude any specific risks they want) but give here some kind of cover for her mortgage and children?

Yes there are. Any local IFA would be able to help on that front. However, it will be expensive. The health issues you suggest put her at higher risk and risk is reflected in price.

starrystarry

ridvimes wrote: »

Hi,

My sister is 50+, got a mortgage and children, she suffered breakdown and took some pills in past (decade+) and been fine since but angina, asthma and now facing hysterectomy . She has been refused by two major insurance companies for life insurance despite the doctor writing and saying all her conditions are managed well and she is an individual who take good care of herself and she is not regarded as a n anything but a usual risk.

With all due respect, her doctor isn't qualified or in a position to decide what is a "usual risk" for insurance purposes. He/she shouldn't be commenting on that. A person with angina and a history of a breakdown/overdose is not a "usual risk", that's without taking the pending hysterectomy into account.

ACG

It is possible to get cover but i would expect either a higher premium and/or there to be some exclusions.

What is the urgent risk that makes life insurance important all of a sudden? Im not saying she doesnt need it as having debts (the mortgage) and children probably means there is a need but im just curious to see if there is a reason for it that may not have been mentioned on the post.

ridvimes

The hysterectomy operation -she wants to know things are in place before she goes in. Not expecting anything bad just a job to do...........

dunstonh

ridvimes wrote: »

The hysterectomy operation -she wants to know things are in place before she goes in. Not expecting anything bad just a job to do...........

Insurers frequently defer decisions on acceptance until after known investigations, operations and symptoms have been completed.

Also, with her chequered and high risk nature of her medical history, it may not be a quick thing to get on risk. So, how quick is she looking for?

ACG

As Dunston says, i wouldnt expect to get terms until after the operation.
Even if you could it would probably have an exclusion around the operation and anything arising from it.

malchish

insurance business is one of the most immoral businesses around, in my honest opinion. Do not hope for them to be humane. Be strong, you will survive the hysterectomy for sure. They always find every excuse to enrich themselves- your health is only an excuse to put up prices as much as you can bear. ONLY one principle matters: how much a consumer would fork out as a maximum. This is the price. Not the risk. Just "how much can we fleece from this person in those circumstances, max."

stephenni1971

malchish wrote: »

insurance business is one of the most immoral businesses around, in my honest opinion. Do not hope for them to be humane. Be strong, you will survive the hysterectomy for sure. They always find every excuse to enrich themselves- your health is only an excuse to put up prices as much as you can bear. ONLY one principle matters: how much a consumer would fork out as a maximum. This is the price. Not the risk. Just "how much can we fleece from this person in those circumstances, max."

Do you wear a tinfoil hat by any chance?

prowla

I would think that anybody who says they need life insurance urgently would be perceived to be a bad risk.

ridvimes

It is not that she is expecting to die or whatever but she has now been without life insurance for nearly a year as she appealed decision of insurer and awaited their responses. She has two children and a mortgage with no provision in place if something unexpected did happen -her children are teenagers (16&17) so they would have no money to live on and nowhere to live. She has been warned she will be incapacitated after for a while so she is just trying to find the smoothest and most efficient route to get it done.

Thanks everyone for your contributions.