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Mortgage critical illness
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And remember death in service is not guaranteed - its payable at the discresion on the trustees.0
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go for level term life assurance(cavendish online ) HAVE BEEN RECOMMENDED
BY MSE.
MSE makes no recommendations. It makes suggestions. Plus Level term assurance is not appropriate for a decreasing mortgage.What about pre-existing conditions with regards to parents/grandparents? What about personal pre-existing conditions that you have missed (old problems, that are important from a medical point, but appear to be unimportant to me). These things are only researched by insurance companies after the fact, when it's too late.
How can I check everything/everyone? Do you have any advice? Can I just send my entire medical record to the insurer and have them sort it out?
This is a serious question which worries me a bit.
Only specific illnesses to parents, brothers and sisters before the age of 60 (or thereabout depending on insurer) are applicable.
CI has a typical pay out rate of around 85% of all claims with 10% declined due to non coverage (things not covered on the policy) and 5% due to non-disclosure. If you believed BBC Watchdog you would think its 85% rejection but thats Watchdog for you.
If you answer the questions honestly then you have nothing to fear. The FOS even have a standard on this now as well.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
If you answer the questions honestly then you have nothing to fear. The FOS even have a standard on this now as well.
No questions have been asked of me. My CI is a salary sacrifice job via my company. I think I need to get in touch with somebody...
Can I actually send my medical notes to my insurer? How do I know if I have any pre-existing conditions?0 -
Can I actually send my medical notes to my insurer?
No. If the insurers want them they will go direct to the doctor.
How do I know if I have any pre-existing conditions?
Because you would have been in hospital, seen the doctor etc. Pre existing conditions means things you have suffered and know about.
Employer schemes often are bulk covered and are not individually underwritten. The scheme terms and conditions will let you know where you stand on this.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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