Decreasing term life insurance for disabled people?

Options
jetskidia
jetskidia Posts: 457 Forumite
First Anniversary Combo Breaker
in Insurance & life assurance
Hi
Tried several companies to get decreasing term life insurance to run alongside our mortgage for my disabled wife but constanly being refused, are there any companies out there that specialise in insuring disabled people?
Thanks

Comments

  • MovingForwards
    MovingForwards Posts: 16,921 Forumite
    First Anniversary First Post Name Dropper Photogenic
    Options
    Have you tried a broker, get them to do the work rather than you having to go through it all the time?

    What is your wife's disability, as that is going to have an effect on any policy and what is excluded.
    Mortgage started 2020, aiming to clear it in 2026.
  • Weighty1
    Weighty1 Posts: 1,181 Forumite
    First Anniversary First Post Name Dropper
    Options
    There's no insurance company which specialise in offering cover to disabled people. Typically, insurers might specialise in a particular disability but even then it would be very much dependent on the condition, it's severity, it's prognosis and progression and any subsequent issues caused by it, such as depression/stress etc.
  • jetskidia
    jetskidia Posts: 457 Forumite
    First Anniversary Combo Breaker
    Options
    MovingForwards wrote: »
    Have you tried a broker, get them to do the work rather than you having to go through it all the time?

    What is your wife's disability, as that is going to have an effect on any policy and what is excluded.
    Tried a broker, they couldnt find one, condition is cerebellar ataxia
  • csgohan4
    csgohan4 Posts: 10,587 Forumite
    First Anniversary First Post Name Dropper Photogenic
    Options
    jetskidia wrote: »
    Tried a broker, they couldnt find one, condition is cerebellar ataxia



    Insurance is based on risk and they will either offer silly premiums or just reject you. The more serious the condition the more likely the latter I am afraid
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • elle_may
    elle_may Posts: 396 Forumite
    First Anniversary Name Dropper First Post Mortgage-free Glee!
    Options
    jetskidia wrote: »
    Hi
    Tried several companies to get decreasing term life insurance to run alongside our mortgage for my disabled wife but constanly being refused, are there any companies out there that specialise in insuring disabled people?
    Thanks
    We had a policy like this several years ago to make sure our mortgage would be paid if one of us died. Disclosed his MS and it was accepted.It was through a mortgage broker and Scottish Widows. It was for a 15y policy to run along side. So try a broker as they have more scope to inform you.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards