S
Sheelah
Guest
Know any insurance company that will give mortgage protection to someone with potential bad health. Friend has high cholestrol and been turned down by 2 companies. Cannot move house as he is main wage earner. Sheelah
Sheelah said:Know any insurance company that will give mortgage protection to someone with potential bad health. Friend has high cholestrol and been turned down by 2 companies. Cannot move house as he is main wage earner. Sheelah
upport said:Alternatively he can request the lender to waive the life cover but they are not oblidged to and often don't if its family home/main earner scenario.
( b ) loans to persons who belong to a class of persons which would not be acceptable to an insurer, or which would only be acceptable to an insurer at a premium significantly higher than that payable by borrowers generally,
Sheelah said:Will get him to try Ladbrokes after the 24th and see if he can get anywhere.
CCOVICH said:I don't think Ladbrokes will be of much help, but if you stick €50 on a 100/1 shot, then you won't have to worry about a mortgage or mortgage protection.
LA Brokers are the firm to talk to about mortgage protection.
F. Kruger said:As far as I know, most of the Insurers use the same Re-Insurer here in this country so it would be unlikely that a product provider would get preferential terms over another.
CCOVICH said:It was just that LA Brokers were mentioned by somebody else and I was correcting the fact that they are called LA Brokers and not Ladbrokes.
And certain brokers can generally negotiate more favourable terms-although I'm not sure if this extends to underwriting.
You mention help and advice and a specialist-fair enough, but as a matter of interest, do you know any brokers/advisors who specialise in 'high risk' cases such as this one?