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Life Assurance Policies


Do you have a Life Assurance Policy?  

18 members have voted

  1. 1. Do you have a Life Assurance Policy?

    • Yes - with exclusions
      0
    • Yes - without exclusions
      6
    • No - application turned down
      4
    • No - not interested
      3


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Some of our forum members have experienced difficulties getting Life Assurance cover. This is an insurance policy that pays out when you die and is sometimes used to underwrite a loan or mortgage.

If you have Protein S Deficiency and are covered by a life assurance policy please can you help other members by providing a bit of information about your policy so that they could make enquiries for their own application. It would be helpful to include Country/State information as well as the contact details.

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  • 3 weeks later...
  • 1 year later...
  • 5 months later...
Guest Mikhaela

Hi,

I have just recently been diagnosed with PSD and I have had my life assurance policy for about 30 years. I haven't told them about this, so, I don't know if it will make a difference as I did not know about this at the time of purchase.

Mikhaela, Kitchener, Ont. Canada

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  • 5 years later...

I spoke to Aviva today about Life Insurance cover and they confirmed that they can offer cover to people with Protein S Deficiency but you may need to speak to an underwriter to discuss your recent medical history. I have put together a new web page about this topic at proteinsdeficiency.com/lifeassurance.php

My policy with Barclays (mentioned when I started this topic in 2004) was discontinued when I went back to rented accommodation for a while, whilst house hunting. Although I'd taken out a transferable policy at the time I spent a year renting, without a mortgage, so there was nothing to transfer it to.

At the moment I'm considering getting a policy for a small amount of money, say £20k, instead of something around ten times that amount, to cover funeral expenses and tide my wife over for a year or two. Just something to cushion the blow. I don't think it is necessary for me to pay a higher premium to give her a lottery-style income if I'm no longer around. You can get cover for £20k for between £5 and £10 a month.

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  • James unpinned this topic
  • 2 years later...

As an update to my previous post we took out a joint policy with LV (Liverpool Victoria). I declared my health history and PSD and was given cover with an extra premium to pay. A ten year policy for £80k costs us £25.51 per month. This doesn’t pay off the mortgage but it ensures that after debts and funeral costs the amount left for the other person to pay would be affordable.

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