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Life Insurance

AJJ7890

Member
Messages
9
Type of diabetes
Type 2
Treatment type
Tablets (oral)
I was windowed when I was 34 with two small children and wanted them to be well provided for financially if anything happened to me. I ended up having 3 life insurance policies. Do I have to contact each company and advise of my new diagnosis of diabetes? Would appreciate some advice before I approach the companies.
Many thanks x
 
No.

Your life cover would have been underwritten when you applied. Your likely life expectancy is assessed when you apply, and the contract set at that time. If there is a change on the meantime (and I'm not suggesting your diabetes changes your life expectancy), you would have to declare your diabetes if you ever wanted to increase the cover. If it increases in line with inflation each year, that risk would also have been underwritten at the outset.
 
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