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LIFE INSURANCE !

Mac2002

Mac2002

Member
Messages
20
Location
Surrey
Type of diabetes
Treatment type
Insulin
I have always had life insurance so when my term ended in November I just thought that I would be able to renew it !! How wrong I was. They obviously wanted to look at my medical records which I had no problem with them doing and after 2 months a letter arrives saying that they could not insure me due to my medical records. I have been type 2 for about 20 years, I am now on insulin, not that well controlled and yes I am over weight. But in my defence so far I have had no complications although I appreciate that this can change in the future. I am 50 years of age work full time and reasonably healthy. Now I can't seem to get anyone to insure me and I have tried several on line insurers. Does anyone know where I may get someone to insure me ? Thank you Lulu
 
Mac2002 said:
I have always had life insurance so when my term ended in November I just thought that I would be able to renew it !! How wrong I was. They obviously wanted to look at my medical records which I had no problem with them doing and after 2 months a letter arrives saying that they could not insure me due to my medical records. I have been type 2 for about 20 years, I am now on insulin, not that well controlled and yes I am over weight. But in my defence so far I have had no complications although I appreciate that this can change in the future. I am 50 years of age work full time and reasonably healthy. Now I can't seem to get anyone to insure me and I have tried several on line insurers. Does anyone know where I may get someone to insure me ? Thank you Lulu
Click to expand...

When you buy life cover, you and the insurer are effectively placing your bets on a gamble. Within the term of the policy, you are gambling £x per month against the likelyhood of you dying, but if you do they will pay £y00,000 to those you have left behind. That's usually a great deal.

The insurer is gambling the same terms, but they bear an often huge cost if they guess wrongly and you die. Where we have pre-existing conditions, the risk to the insurer increases. That you are on insulin, overweight and by your own admission, not that well controlled, your risks are even greater.
Frankly, I'm unsurprised you have been declined. Have you asked any of the insurers if there are any conditions under which you would be accepted? They may come back and suggest some changes you could make - like achieve better control, or they may simply state you would always be declined.

@novorapidboi26 has sometimes posted, naming a broker who helped him. Clearly all cases are different, but I seem to recall his brokers are specialists in "impaired lives".

Thanks novorapidboi, in anticipation.
 
I got a policy from AVIVA in the end through an online broker called the insurance surgery

http://www.the-insurance-surgery.co.uk/

I basically seen an advert online asking if you have medical conditions and want insurance after being declined by Prudential.....

I got it no bother and I don't know if its good deal or not as this is my first time.........

I am 31 years old, type 1 for 16 years, overweight and have retinopathy/maculopathy all be it stable.........

give them a ring or email them, they were very helpful..........
 
novorapidboi26 said:
I got a policy from AVIVA in the end through an online broker called the insurance surgery

http://www.the-insurance-surgery.co.uk/

I basically seen an advert online asking if you have medical conditions and want insurance after being declined by Prudential.....

I got it no bother and I don't know if its good deal or not as this is my first time.........

I am 31 years old, type 1 for 16 years, overweight and have retinopathy/maculopathy all be it stable.........

give them a ring or email them, they were very helpful..........
Click to expand...

Thanks for doing that. I couldn't remember the broker's name...........
 
novorapidboi26 said:
I got a policy from AVIVA in the end through an online broker called the insurance surgery

http://www.the-insurance-surgery.co.uk/

I basically seen an advert online asking if you have medical conditions and want insurance after being declined by Prudential.....

I got it no bother and I don't know if its good deal or not as this is my first time.........

I am 31 years old, type 1 for 16 years, overweight and have retinopathy/maculopathy all be it stable.........

give them a ring or email them, they were very helpful..........
Click to expand...


Thank you I have just got off the phone to an insurance broker who also recommended AVIVA. I have spoken to Legal and General who declined me and it is because they are concerned about my future health issues. This is the first time that having diabetes has affected me like this and maybe a wake up call because I do feel OK now but I am getting older !!! :nailbiting:
 
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