Struggling to get life insurance

Hi, my husband is having a problem trying to get life insurance. Has anyone else had problems obtaining life insurance and can recommend a company?

Thanks

Hi, my husband is having a problem trying to get life insurance. Has anyone else had problems obtaining life insurance and can recommend a company?

Maybe try a specialist insurance broker?

I can't recommend a company since I don't live in the UK but here's something to look out for. Few years ago I was offered life insurance by my Superannuation provider, very good rates, payable from my super, wouldn't miss it etc etc. So I took in on. When I retired and stopped paying into my Super, I called the company up and asked them what I should do about the life insurance. They said I could continue to pay it from my own funds which I was happy to do. Then he said "You know we only cover you to the age of 70." I felt totally duped - I thought life insurance was, like, payable to my family on my death. The moral of the story is: when it comes to insurance, read the small print, don't suppose anything!

I told the bloke I wasn't planning on dying before 70 and cancelled the policy.

Thanks for that, but if he dies before the age of 70 I get nothing. Unfortunately I don't have a crystal ball.

IIRC terminal life insurance etc does have a cut off point which has just been reviewed and extended.

Regarding the op - i used Legal & General, but if he tries a comparison website i guarantee he'll be inundated with sales calls afterwards offering what he needs.

give liverpool-victoria a ring

Have him look through his Union documentation, they usually offer cheap insurance.

Thanks everyone.

I can't recommend a company since I don't live in the UK but here's something to look out for. Few years ago I was offered life insurance by my Superannuation provider, very good rates, payable from my super, wouldn't miss it etc etc. So I took in on. When I retired and stopped paying into my Super, I called the company up and asked them what I should do about the life insurance. They said I could continue to pay it from my own funds which I was happy to do. Then he said "You know we only cover you to the age of 70." I felt totally duped - I thought life insurance was, like, payable to my family on my death. The moral of the story is: when it comes to insurance, read the small print, don't suppose anything!

I told the bloke I wasn't planning on dying before 70 and cancelled the policy.

That is ridiculous Downsunder, but sadly, typical, and it's the reason why I have as little to do with insurance companies as possible.

That is ridiculous Downsunder, but sadly, typical, and it's the reason why I have as little to do with insurance companies as possible.

I had a call recently advising me of the changes to these policies - they've extended terminal cover to 75 or 77 i think. Originally these were designed to protect mortgages hence the cut off ages. i think.

They offered me a lower amount of insurance for 3 additional years for twice the premium i'm paying - now i know cold calling work is hard but that must be the hardest sell in the world.

OP, we are all going to die one day and for this reason life insurance only covers you until a specific age. Some will but their premiums are much higher due to the high risk. The likelihood of someone 70+ dying is exponentially higher then someone in their 30's and premiums reflect this. It doesn't matter if you or your partner is in the best of health, statistically you are a much higher risk.

Insurance is nothing more then a bet from the insurer you will not need to be paid out. They take a risk and use all their data to predict the likelihood of a pay out.

There are a number of insurance plans for the 50+ age group but these are not generally life insurance but rather payouts to cover funeral costs etc.

That is ridiculous Downsunder, but sadly, typical, and it's the reason why I have as little to do with insurance companies as possible.

Ditto, you are talking to one of Australia's greatest insurance sceptics, I even baulk at car and house insurance but if I get started I will go so off-topic . . .