This has been touched on a little in threads regarding switching mortgage provider.
It has been mentioned that a potential barrier to switching mortgage provider can be a doubt over whether life cover will be attainable if health circumstances have changed in recent years.
If a persons health has changed, but not to the extent it affects their capacity to work/earn, how likely are they to encounter difficulties in getting life cover? The change in health is undiagnosed for over 5yrs and in that time hasn't impacted on their ability to work/earn with minimal sick absences (2 - 3 days per year max.). Income Protection Insurance was declined within that time frame "for medical reasons" unspecified by the insurer.
1) Would an insurance company decline Life Cover where they have the slightest doubt? I had thought life cover was only interested where a condition would lead to early mortality
2) Would it be beneficial to deal with an insurance broker to see what companies might offer cover?
3) If it came to a point of requiring a waiver from the mortgage bank regarding life cover, do many banks allow waivers?
It has been mentioned that a potential barrier to switching mortgage provider can be a doubt over whether life cover will be attainable if health circumstances have changed in recent years.
If a persons health has changed, but not to the extent it affects their capacity to work/earn, how likely are they to encounter difficulties in getting life cover? The change in health is undiagnosed for over 5yrs and in that time hasn't impacted on their ability to work/earn with minimal sick absences (2 - 3 days per year max.). Income Protection Insurance was declined within that time frame "for medical reasons" unspecified by the insurer.
1) Would an insurance company decline Life Cover where they have the slightest doubt? I had thought life cover was only interested where a condition would lead to early mortality
2) Would it be beneficial to deal with an insurance broker to see what companies might offer cover?
3) If it came to a point of requiring a waiver from the mortgage bank regarding life cover, do many banks allow waivers?