Life Insurance With MND

[jaffabeach]

my insurance company is trying not to pay my terminal cover out. worse than VAR

Hi there thanks for the post.

There are some situations where terminal illness which is part of a wider life insurance policy may not be paid. Below are some examples that I've come across

If the illness is known about before the policy was taken out and not declared to the the policy company.

if payment is not maintained

if you're nearing the end of the life insurance term the terminal illness element is not available for the last 18 months this is a case in some Aviva policies.(This will depend on your policy)

Of course every case is different my suggestion would be to ask and for the reasons in writing that they give for not initially paying the claim then to make a complaint. If this is unsuccessful complain to the Financial Ombudsman

https://www.financial-ombudsman.org....deal/insurance

I have used this approach in the past and it is useful call them as it is very helpful in organising your complaint approach .

I hope you get on well with this

[Terry]

Hi Will;

Sorry to hear they playing hard ball.

What company and policy do you have? It's always nice to know who to get insurance with or with-not.

Might be worth contacting the Mnda because they might have someone to help apply some pressure without you doing everything.

Good luck, Terry

[Ellie]

That's extra stress you just don't need, Will

I was lucky insofar as my policy specified ALS.

Hope they pay out and you don't have to go down the whole appeals route.

Love Ellie.

[Iron Will]

my insurance company is trying not to pay my terminal cover out. worse than VAR

[MeToo]

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.

Hey Jaffabeach, a really useful link even now. Well done.

[Kayleigh]

I know, Twinkle xx - those posts were not very long ago, in October, but you have been through so much since then. Somehow, the days can seem much longer when we are going through difficult times.

I hope you are getting lots of love and support from family and friends - and it is, of course, always lovely to hear from you on this forum.

Thinking of you.
Kayleigh xx

[Twinkle]

This post seems like ages ago, I never did get time to sort out a life insurance or an over 50's plan for Pete.

[Twinkle]

Thank you for all your replies X

[Terry]

Hi Jaffabeach and welcome to the forum,

Thanks for your advice and tips.

Best wishes, Terry

[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.

[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

[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.

[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

[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

[Ellie]

Everyday is a school day, eh!!

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

Love Ellie.