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With affordable housing I can only go to the EBS or Bank of Ireland. I have the mortgage all arranged now through the EBS. Solicitor says it is up to the EBS if they are willing to give a waiver. How would I go about finding a good broker?Have you already selected a lender or are you still shopping around? As you obviously know in situations such as this lenders may (bit are not obliged to) waive the normal requirement for owner occupier mortgage protection life assurance. If your solicitor cannot advise then perhaps you need to talk to a mortgage broker?
my answer was no to everything
To be honest I wish to God I had answered no to everything! I didnt tell them about my mri or about all the meds my wife is on, my doctor did. He seemed to just give them our whole file. I was a bit annoyed with him about this but he said that he gets in 5 requests from life insurance companies per day and he cant spend all his time filing out all the forms so he just gives them a copy of the patients file instead. He said it is common practice. Do the insurance companies share details with each other?Perhaps Im being a little nieve here but when asked all those questions for the cover why did you give them that information? I have had plenty of morgages and my answer was no to everything
If I get the all clear my wife still wont be able to get cover with me but I thought the bank may look more favourable on us for a waiver for one person rather than two.Suppose you get the all clear. Who has suggested that your wife, who cannot get cover on her own, will be able to get cover jointly with you? That seems unlikely to me, though I know nothing about how insurance companies decide these things. If you can get cover, there should be a good chance of her getting a waiver, given her death in service benefit.
To lie on such an application would not be prudent and would render the cover null and void. Not a good idea!To be honest I wish to God I had answered no to everything! I didnt tell them about my mri or about all the meds my wife is on, my doctor did. He seemed to just give them our whole file. I was a bit annoyed with him about this but he said that he gets in 5 requests from life insurance companies per day and he cant spend all his time filing out all the forms so he just gives them a copy of the patients file instead. He said it is common practice. Do the insurance companies share details with each other?
To be honest I wish to God I had answered no to everything! I didnt tell them about my mri or about all the meds my wife is on, my doctor did. He seemed to just give them our whole file. I was a bit annoyed with him about this but he said that he gets in 5 requests from life insurance companies per day and he cant spend all his time filing out all the forms so he just gives them a copy of the patients file instead. He said it is common practice. Do the insurance companies share details with each other?
For all we know that is what he did. The original poster said that "he seemed to give them our whole file" but presented no evidence of this actually happening.That's very arrogant and I've never heard of that kind of unnecessary disclosure. He should only be giving the requested information.
Do the insurance companies share details with each other?
They used to deal with a panel of underwriters in the late 90s.EBS do not underwrite life assurance. They have a group scheme (with Caledonian Life I think).
The Mortgage protection I appied for was through the ebs as I am getting my mortgage from them but it is actually by Irish Life. The gp still hasnt received the letter from irish life so I rang them yesterday and they are issuing it again. I paid to have the mri done early, getting it done tommorrow in fact hope to have the results next week and if it is all clear I will then apply for the insurance again for me and a waiver for my wife. Thanks for all the replies.A couple of observations:-
EBS do not underwrite life assurance. They have a group scheme (with Caledonian Life I think).
The letter detailing the reason(s) for declinature will only ever issue to your G.P.
Non disclosure can be serious, but will only affect a future claim should the inforamtion be "material" to the claim. I had a case where a man died of a heart condition, and had not disclosed existing hiogh blood pressure. The premiums were refunded and claim refused. Rightly too.
p.s. I have dealt with all the Insurers pretty frequently, and have found Caledonian to be quite reasonable in relation to underwriting.
I reckon your best bet is for the lender to waive the need for life cover on medical grounds. Ask them.
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