Life Insurance With MND

[Twinkle]

Is it possible to buy life insurance straight after a diagnosis?
Does anyone know any good companies?

[Ellie]

I'm no expert Twinkle, but I doubt anyone would offer a new life insurance policy to a person with ALS/MND.

You could ask a reputable Independent Financial Advisor.

Love Ellie.

[raymond]

Hi Twinkle
I just had a very small policy with the Post Office . An over fifties plan that I had a while, and every year they sent me a letter to try and make me take another out with them. So this year I phoned them and told them that I had been diagnosed with MND and to my surprise they said it didn't matter as they didn't want a medical report
I have to wait a year before anyone can make a claim on it


It doesn't amount to a lot but it will cover a funeral and that's what I wanted , as I have spent a lot of my savings on alterations in the house and I don't know if I will be eligible for carers as I have a partner who works.

Love Chris

[Barry52]

Like Chris said you can get cover and I took out a policy with Legal and General and the online form did not require a declaration of health. Admittedly it was only a small value policy for £7000 but after you have made 12 monthly payments the policy will pay out.

At £30 per month it’s a no brainer.

Barry

[Twinkle]

That's a good affordable amount Barry, thanks for leaving a post, I was thinking of have to pay £100 + monthly. I'll look into it tomorrow.
Thanks all for your replies. X

[Terry]

Hi twinkle,

I do not think that there's nothing stopping you having three of them type policies or putting more money in. I think that all of them won't pay out for a year but check it out.

Love Terry

[Boiler68]

Post Office over 50's Plan is a decent one. Hubby has 2 and is eligible to take a third as Terry said but I think if I remember rightly you have to have had the the first 2 before a qualifying date ...

[Ellie]

Everyday is a school day, eh!!

I'll qualify for one of those policies myself next year

Love Ellie.

[Barry52]

That’s what this forum does Ellie. We have so much knowledge between us and we never stop learning something new.

Don’t wish your years away, however get a policy when you can.

Love,
Barry

[Terry]

That's one up for the oldies than Ellie;

If you are going to get Mnd then, get it over 50 but under 65 so you can get life insurance and the mobility allowance.

Just as well ageism is not a law??????????????

Love Terry

[Ellie]

I have life insurance since I bought my first house, so I'm alright Jack (think I had to for a mortgage??)

Financial planning with MND is a fine art - having "too much" in savings = no grants or financial help, which reduces those savings. Having not enough savings = you're up the creek without a paddle.

[Peckham Boy]

I tried to get a policy but having MND no company would offer a policy

So I took out an over 50s plan with Royal London for £20 a month

The policy pays out after a year

I really can't help you with other policies but I wish you luck in finding something

Regards
PB

[jaffabeach]

Hello there,

Here is a useful link from MSE which explains the pro's and con's and gives some suggested best buys.

https://www.moneysavingexpert.com/in...ife-insurance/

It might be useful to look for one that pays out after 1 year ( rather than 2 ) depending on your situation.

[Terry]

Hi Jaffabeach and welcome to the forum,

Thanks for your advice and tips.

Best wishes, Terry

[Twinkle]

Thank you for all your replies X