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Life Insurance Options for 52 year old smoking diabetic with high blood pressure?

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  • 10-07-2010 11:01pm
    #1
    MagicMarker
    Banned (with Prison Access) Posts: 32,865 ✭✭✭✭


    My ma said she looked into it ages ago and said it was too expensive. I don't doubt her but said I'd look into it for her anyway.

    Anyone ever take out cover like this before?


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    #2
    mike65
    Closed Accounts Posts: 88,978 ✭✭✭✭mike65


    I'd suggest getting in touch with ERM

    http://www.ermfinancialservices.ie/lifeassurance.htm


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    #3
    clarke85
    Registered Users Posts: 24 ✭clarke85


    My other half is a Financial advisor and said this would be very expensive, she may get a loading for her diabetes, depending on the type and severity of it and her age and smoker status would send it through the roof.
    MagicMarker wrote: »
    My ma said she looked into it ages ago and said it was too expensive. I don't doubt her but said I'd look into it for her anyway.

    Anyone ever take out cover like this before?


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    #4
    tenchi-fan
    Closed Accounts Posts: 3,339 ✭✭✭tenchi-fan


    MagicMarker wrote: »
    My ma said she looked into it ages ago and said it was too expensive. I don't doubt her but said I'd look into it for her anyway.

    Anyone ever take out cover like this before?

    There's a very good chance she would be declined cover, at least for a large amounts. Otherwise you are probably talking at least a 150% loading (i.e. additional cost) on smoker rates for life cover and more than likely a decline for specified illness cover.
    No harm to go to a broker and see what he can do for you.


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