Critical illness insurance

[Sarah K]

Mod edit: This thread began to attract some unwanted attention after it had run its course (now deleted). So it has been locked as a precaution against future spam attempts

Hi all

My partner has been type one diabetic for 15 years. It is very well controlled but we are struggling to find an insurer that would provide critical illness cover in regards to our mortgage. Has anyone found an insurer that would cover this?

 

[SB2015]

Welcome to the forum @SarahK

I have had no problem with travel insurance, but not been in a position to apply for a mortgage.
I am sure that there will be others around who can help.

 

[AndBreathe]

Critical illness cover for those with diabetes can be a challenge. This is because those living with diabetes or any type tend, statistically, to be more likely to experience several of the conditions detailed on the policy.

A mortgage is a loooooong commitment, so underwriters are looking at longer term stats.

I don't want to say your partner categorically won't get cover due to his T1, but it's unlikely. That doesn't stop you having critical illness cover of your own, and your partner and you both having life cover. Really, you would be best advised to consult a decent independent financial advisor.

Good luck with your ongoing search.

 

[iharding]

I've used a specialist broker for life insurance. A good one knows which companies might offer cover and how to get it. Premiums are higher, I think mine was a factor of 4 over an equivalent person with no medical conditions, but it's possible.
Not sure about critical illness, but it's worth finding a specialist. Unfortunately it's been so long I can't remember the broker, and no longer have any emails or contact details.

 

[everydayupsanddowns]

We had some cover on our first mortgage from Norwich Union (now Aviva) which turned out to have included terminal illness cover when my wife was diagnosed with inoperable pancreatic cancer. I seem to recall having to go for a medical for my T1, but it was a long time ago, and I had only been diagnosed a few years.

I think speaking to an Independent Financial Advisor would be worthwhile.

 

[AndBreathe]

We had some cover on our first mortgage from Norwich Union (now Aviva) which turned out to have included terminal illness cover when my wife was diagnosed with inoperable pancreatic cancer. I seem to recall having to go for a medical for my T1, but it was a long time ago, and I had only been diagnosed a few years.

I think speaking to an Independent Financial Advisor would be worthwhile.

Mike, I'm not trivialising what you and yours have had to go through in recent years, but just wanted to clarify that terminal illness cover and critical illness cover are two separate covers.

Terminal illness cover is usually associated with like assurance and designed to pay out the policy benefits on confirmation of a terminal diagnosis - often an unlikelihood of surviving 12 months, but they vary.

Critical illness cover is designed to pay the policy benefits on the confirmed diagnosis of certain conditions, such as cancer (although some forms of skin cancer and a few others are exceptions), a disabling stroke, heart attacks involving muscle death and others. The person doesn't have to go on and die. They can (with some cancers, for example) make a full recovery, go back to work and resume normal life, and still have received the benefits of their policy.

Again, I'm so sorry for your loss. I can't imagine it.

 

[everydayupsanddowns]

Critical illness cover is designed to pay the policy benefits on the confirmed diagnosis of certain conditions, such as cancer (although some forms of skin cancer and a few others are exceptions), a disabling stroke, heart attacks involving muscle death and others. The person doesn't have to go on and die. They can (with some cancers, for example) make a full recovery, go back to work and resume normal life, and still have received the benefits of their policy.

Thanks @AndBreathe

To be completely honest, I can’t remember the precise terminology used - I will have a look back through the correspondence and see if I can find which it was.

 

[AndBreathe]

Thanks @AndBreathe

To be completely honest, I can’t remember the precise terminology used - I will have a look back through the correspondence and see if I can find which it was.

To be honest, there are so many terms and some are more accurately descriptive than others.

I certainly wasn't chastising you at all, just clarifying for anyone not aware of the differences.