Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • jetskidia
    • By jetskidia 16th May 19, 4:44 PM
    • 436Posts
    • 150Thanks
    jetskidia
    Decreasing term life insurance for disabled people?
    • #1
    • 16th May 19, 4:44 PM
    Decreasing term life insurance for disabled people? 16th May 19 at 4:44 PM
    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
Page 1
    • MovingForwards
    • By MovingForwards 16th May 19, 4:48 PM
    • 2,372 Posts
    • 2,805 Thanks
    MovingForwards
    • #2
    • 16th May 19, 4:48 PM
    • #2
    • 16th May 19, 4:48 PM
    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.
    • Weighty1
    • By Weighty1 16th May 19, 5:36 PM
    • 607 Posts
    • 312 Thanks
    Weighty1
    • #3
    • 16th May 19, 5:36 PM
    • #3
    • 16th May 19, 5:36 PM
    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
    • By jetskidia 16th May 19, 6:13 PM
    • 436 Posts
    • 150 Thanks
    jetskidia
    • #4
    • 16th May 19, 6:13 PM
    • #4
    • 16th May 19, 6:13 PM
    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.
    Originally posted by MovingForwards
    Tried a broker, they couldnt find one, condition is cerebellar ataxia
    • csgohan4
    • By csgohan4 16th May 19, 8:10 PM
    • 6,509 Posts
    • 4,401 Thanks
    csgohan4
    • #5
    • 16th May 19, 8:10 PM
    • #5
    • 16th May 19, 8:10 PM
    Tried a broker, they couldnt find one, condition is cerebellar ataxia
    Originally posted by jetskidia


    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"
    • elle may
    • By elle may 17th May 19, 1:28 PM
    • 256 Posts
    • 133 Thanks
    elle may
    • #6
    • 17th May 19, 1:28 PM
    • #6
    • 17th May 19, 1:28 PM
    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
    Originally posted by jetskidia
    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.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,451Posts Today

8,385Users online

Martin's Twitter