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  • FIRST POST
    • batg
    • By batg 10th Jul 18, 8:36 PM
    • 259Posts
    • 396Thanks
    batg
    Have I left it too late?
    • #1
    • 10th Jul 18, 8:36 PM
    Have I left it too late? 10th Jul 18 at 8:36 PM
    To get more life insurance?

    I had MRI end of June to rule out (or in I suppose) MS

    Only insurance I have is something taken out when we got a mortgage 12 years ago and is decreasing (term?) each year.

    Is it too late to get something extra?
    Multiple Sclerosis:diagnosed Nov 2018
Page 1
    • csgohan4
    • By csgohan4 10th Jul 18, 9:41 PM
    • 5,483 Posts
    • 3,525 Thanks
    csgohan4
    • #2
    • 10th Jul 18, 9:41 PM
    • #2
    • 10th Jul 18, 9:41 PM
    no, but everything will hinge on the final diagnosis and it may jack your premiums significantly or make you uninsurable


    if your still awaiting results they will want to see those before the underwriter makes a final decision
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
    • kidmugsy
    • By kidmugsy 11th Jul 18, 12:19 AM
    • 12,480 Posts
    • 8,839 Thanks
    kidmugsy
    • #3
    • 11th Jul 18, 12:19 AM
    • #3
    • 11th Jul 18, 12:19 AM
    So-called over-50s policies don't require a medical. But the insurance company naturally has to assume that everyone applying for one is in poor health so the rates aren't much cop.

    Anyway, are you sure it's life insurance you need? How about income protection?

    Have you checked what's included in your pension scheme at work?
    Free the dunston one next time too.
    • Clifford_Pope
    • By Clifford_Pope 11th Jul 18, 7:29 AM
    • 4,033 Posts
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    Clifford_Pope
    • #4
    • 11th Jul 18, 7:29 AM
    • #4
    • 11th Jul 18, 7:29 AM
    Surely being tested for something and proving that you have NOT got it makes your life a better bet?
    Or do statistics show that people tested healthy in fact are more likely to die?
    • Weighty1
    • By Weighty1 11th Jul 18, 9:22 AM
    • 440 Posts
    • 214 Thanks
    Weighty1
    • #5
    • 11th Jul 18, 9:22 AM
    • #5
    • 11th Jul 18, 9:22 AM
    If a positive diagnosis of MS is given and it is the most common relapsing and remitting type, then life insurance is often possible. Typically, you wouldn't get long term income protection OR critical illness after an MS diagnosis.

    If a diagnosis ISN'T given then the insurers would want to know what is causing any symptoms so until a complete range of tests or investigations is concluded and a diagnosis given, even if it's just a "best guess" by the consultant then it's unlikely that any insurer would provide cover, apart from the aforementioned over 50's type plans.
    • AstroTurtle
    • By AstroTurtle 11th Jul 18, 9:58 AM
    • 271 Posts
    • 728 Thanks
    AstroTurtle
    • #6
    • 11th Jul 18, 9:58 AM
    • #6
    • 11th Jul 18, 9:58 AM
    It may be too late to get cover for MS in a short period of time.

    Any new policy will ask if you have been for appointment/investigation etc for anything in last 12 months so may ask further questions and add exclusions incase your result aren't good. (Hopefully you'll be fine though )
    • lisyloo
    • By lisyloo 11th Jul 18, 10:58 AM
    • 23,246 Posts
    • 11,776 Thanks
    lisyloo
    • #7
    • 11th Jul 18, 10:58 AM
    • #7
    • 11th Jul 18, 10:58 AM
    Surely being tested for something and proving that you have NOT got it makes your life a better bet?

    Not if you are ill (presumably the person had symptoms to get a scan) and it's unknown.

    In general an unknown risk is worse than a known one as you can't quantify it.
    • Weighty1
    • By Weighty1 11th Jul 18, 11:13 AM
    • 440 Posts
    • 214 Thanks
    Weighty1
    • #8
    • 11th Jul 18, 11:13 AM
    • #8
    • 11th Jul 18, 11:13 AM
    It may be too late to get cover for MS in a short period of time.

    Any new policy will ask if you have been for appointment/investigation etc for anything in last 12 months so may ask further questions and add exclusions incase your result aren't good. (Hopefully you'll be fine though )
    Originally posted by AstroTurtle
    It would be highly unlikely that any life insurance policy would place exclusions on the cover. Typically, they'd just increase the premium if they can offer cover. The only exclusion normally is for suicide in the first 12-months of the plan, or exclusions for dangerous hobbies can be requested with some providers if the applicant wants to avoid a premium increase, but not for health issues.
    • batg
    • By batg 11th Jul 18, 11:22 AM
    • 259 Posts
    • 396 Thanks
    batg
    • #9
    • 11th Jul 18, 11:22 AM
    • #9
    • 11th Jul 18, 11:22 AM
    thanks for all the replies, great help, thanks!
    Multiple Sclerosis:diagnosed Nov 2018
    • kidmugsy
    • By kidmugsy 12th Jul 18, 10:03 PM
    • 12,480 Posts
    • 8,839 Thanks
    kidmugsy
    Have a look at this chap.
    http://monevator.com/life-insurance-and-protection-a-primer-or-why-you-should-buy-renewable-term-life-cover-most-of-the-time/
    Free the dunston one next time too.
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