1. Get the Diabetes Forum App for your phone - available on iOS and Android.
    Dismiss Notice
  2. Guest, we'd love to know what you think about the forum! Take the Diabetes Forum Survey 2020 »
    Dismiss Notice
  3. Diabetes Forum should not be used in an emergency and does not replace your healthcare professional relationship. Posts can be seen by the public.
    Dismiss Notice
Dismiss Notice
Find support, ask questions and share your experiences. Join the community »

Type 1 Critical illness with life cover - Rejected ... Any suggestions ?

Discussion in 'Ask A Question' started by lukey2k, Feb 7, 2016.

  1. lukey2k

    lukey2k Type 1 · Member

    Messages:
    14
    Likes Received:
    4
    Trophy Points:
    43
    Hello

    My and my fiancée are currently going through the process of buying a house, we went to enquire about Critical illness with life cover policies and I was rejected.

    Any one else experienced this to, being diabetic ?

    If so are there any firms that provide cover without being stupidly expensive ?

    Thanks in advance

    Luke
     
  2. MISTY10

    MISTY10 Type 1 · Active Member

    Messages:
    33
    Likes Received:
    45
    Trophy Points:
    58
    Just to say my life insurance quotes a year ago were 200% loaded. I have life insurance on my previous house so left that in place but house is only half the value of this one - fortunately hubby has the better job so if I pop my clogs he could still manage on the lesser pay out.
    Not much help but thought I'd just say it's likely to be cheaper now than in the future for you.

    Misty x
     
  3. AndBreathe

    AndBreathe I reversed my Type 2 · Expert
    Retired Moderator

    Messages:
    9,659
    Likes Received:
    15,718
    Trophy Points:
    178
    A couple of questions first:

    Did you see an Independent Financial Advisor, or someone at your Bank or Building Society?

    Was the policy you applied for for Life Assurance (LA) and Critical Illness (CI) rolled into one, or was it one policy for Life Cover and another for CI?

    What was your latest HbA1c result? Have you had any serious hypos, or do you have any complications?

    How is your general health? By that I mean, "well" or "I'm walking wounded", or whatever. I'm not asking for your medical history.

    I have some knowledge in these areas. I am not a financial advisor.
     
    • Like Like x 2
  4. catapillar

    catapillar Type 1 · Well-Known Member

    Messages:
    3,391
    Likes Received:
    2,891
    Trophy Points:
    198
    Hiya, I was told I wouldn't get critical illness cover as a type 1. Although I think there is maybe one or two companies that do it but it is obviously going to be a lot more expensive. I decided not to worry about critical illness cover because I've got good sickness pay etc with work - so maybe have a look at that to decide if you really need to spend tonnes on critical illness. I didn't have a problem getting life insurance (I think it worked out about 25% more because of the diabetes) it took a bit longer & involved the insurance company writing to my gp etc.

    Sorry it's not that positive. Maybe someone will come along with a more positive answer. Good luck with the house purchase!
     
    • Like Like x 2
  5. lukey2k

    lukey2k Type 1 · Member

    Messages:
    14
    Likes Received:
    4
    Trophy Points:
    43
    Hello , It was through the bank. was one rolled in to one.. not had any serious hypos and no known complications , I can not remember what my last HbA1c results where , they were not great .... general health besides my diabetes is of normal health . just wondering who people go to for their insurance
     
  6. lukey2k

    lukey2k Type 1 · Member

    Messages:
    14
    Likes Received:
    4
    Trophy Points:
    43
    i don't get sick pay from work so i need to look in to something in case the worst happens...

    i will keep looking , just trying to get a feel what others have done in my situation :)
     
  7. anna29

    anna29 Type 2 · Well-Known Member
    Retired Moderator

    Messages:
    4,789
    Likes Received:
    3,127
    Trophy Points:
    178
    Hi Luke
    Would it be possibly worth popping along to your local CAB
    Citizen's Advice Bureau

    They may be able to advise you more correctly possibly ?
    Banks and insurance company suitable to approach etc
    As you may hear of something or someplace you hadn't even considered .

    Please do let us know how you go on .
    As we will be wondering and your experience could help others here .
     
    • Like Like x 2
  8. AndBreathe

    AndBreathe I reversed my Type 2 · Expert
    Retired Moderator

    Messages:
    9,659
    Likes Received:
    15,718
    Trophy Points:
    178
    OK, so you have a handful of issues there. I would have no idea which was the stumbling block, but to be honest the financial advisors at your Bank are unlikely to have access to the whole of the market when making a product recommendation to a customer.

    I would suggest you do a few things:
    - Ask around your friends and see if you can find a recommendation for an Independent Financial Advisors. Word of mouth is often the best way to find someone decent.
    - Secondly call your Doctor and get the results of your last set of bloods. You will need a good grasp of where you are with your diabetes, as you will likely be asked about it, sooner or later.
    - Thirdly, try to get your diabetes under decent control. A poorly controlled diabetic isn't a great risk for long term Life or CI, and I am assuming you're looking for long term (Over 5 years) cover to go with a mortgage.
    - Fourthly, you might want to click on the following link. As you will see, they know of sources of Life and CI for T1s, and may be able to provide you with a quoute.
    - Fifthly - Open your mind to having more than one policy so that you can trry to get the best fit of cover for you both.

    I can't tell you it'll be easy, and I would suggest your premiums are likely to be loaded; probably significantly. If your fiance is in good health, she may be offered her cover without loading.

    http://www.claybrooke.org.uk/diabetes-life-insurance/critical-illness/

    http://www.the-insurance-surgery.co.uk/about-us/news/diabetes-critical-illness-insurance

    @lukey2k - I've just popped back to add the links. My neighbour popped in unexpectedly and I pressed send without thinking.

    Good luck with it all, and if I can help further, let me know.
     
    • Informative Informative x 1
    #8 AndBreathe, Feb 7, 2016 at 8:23 PM
    Last edited by a moderator: Feb 7, 2016
  9. lukey2k

    lukey2k Type 1 · Member

    Messages:
    14
    Likes Received:
    4
    Trophy Points:
    43
  10. AndBreathe

    AndBreathe I reversed my Type 2 · Expert
    Retired Moderator

    Messages:
    9,659
    Likes Received:
    15,718
    Trophy Points:
    178
    @lukey2k - I've just added the links I talked about to my earlier post.

    There will be others out there. I have no associations with the companies in the urls.
     
  11. craner100

    craner100 · Newbie

    Messages:
    1
    Likes Received:
    0
    Trophy Points:
    21
    Hi Luke I would strongly recommend you use Quote Me Less I took a policy out with them and i'm paying £5.00 per month.
     
  12. Karen81285

    Karen81285 Type 1 · Member

    Messages:
    6
    Likes Received:
    2
    Trophy Points:
    43
    Hi

    I looked at getting critical illness insurance when I bought my house and I was told that it was not possible and insurance companies don't legally have to insure type 1 diabetics and that was that. I would have though that in this day and age it would be illegal to discriminate that like but apparently they can get away with it.

    Karen
     
  13. DCUKMod

    DCUKMod I reversed my Type 2 · Master
    Staff Member Administrator

    Messages:
    11,355
    Likes Received:
    6,644
    Trophy Points:
    298
    Karen - The truth is insurance companies don't have to insure anyone. There are many, many conditions, lifestyle choices, medical history or even jobs that make and given individual a less attractive gamble for an insurance company.

    There are so many conditions and lifestyle choices that impact on a given person's desirability as far as insurance companies are concerned. As well as medical conditions they look at family medical, lifestyle, occupation, and their existing client base. If, for them, it doesn't add up, they will decline the person or load their premiums.
     
  14. Colin of Kent

    Colin of Kent Type 1 · Well-Known Member

    Messages:
    349
    Likes Received:
    299
    Trophy Points:
    103
    I had some trouble obtaining 'normal' life assurance a few years ago. I was after a joint policy with my wife, who also has health complications that have so far eluded a diagnosis. Along with my gastric problems, this makes us a bit of an unknonw quantity in the insurance world. We do have some basic form of cover, it's a little limited, but better than nothing. It was arranged through Cavendish Online.
     
  15. Aleric

    Aleric Type 2 · Newbie

    Messages:
    3
    Likes Received:
    1
    Trophy Points:
    43
    Yes there are firms that now offer life cover for diabetics. Try Clarity Life
     
    • Like Like x 1
  • Meet the Community

    Find support, connect with others, ask questions and share your experiences with people with diabetes, their carers and family.

    Did you know: 7 out of 10 people improve their understanding of diabetes within 6 months of being a Diabetes Forum member. Get the Diabetes Forum App and stay connected on iOS and Android

    Grab the app!
  • Tweet with us

  • Like us on Facebook