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Life insurance

Funnyday

Funnyday

Well-known member
Joined
Oct 15, 2016
Messages
811
Anyone with Schizophrenia managed to take out life insurance? I just tried Beaglestreet and they turned me down. I want to be able to leave something to my children. It looks like it won't be much.
 
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Worriedyin

Guest
Just wanted to give this thread a bump as last time I considered getting life insurance I really struggled to find a provider in the UK.

Any ideas or suggestions.
 
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Worriedyin

Guest
Just been rejected by a second provider after having them request a GP report which took a few weeks to be sorted.

The broker is going to try again with a different provider with a higher premium.
 
Funnyday

Funnyday

Well-known member
Joined
Oct 15, 2016
Messages
811
I gave up looking for insurance. I just couldn't get accepted due to type 2 Diabetes and Schizophrenia. So I'm going to wait till I'm 50 and get covered with British Seniors. They accept anyone for life cover who is over 50 years old. They seem the best provider that I've found.
 
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Worriedyin

Guest
I gave up looking for insurance. I just couldn't get accepted due to type 2 Diabetes and Schizophrenia. So I'm going to wait till I'm 50 and get covered with British Seniors. They accept anyone for life cover who is over 50 years old. They seem the best provider that I've found.
I have eubpd and cant get life insurance and believe you me I've tried everything
I would have quite a while to wait until I could get 'Senior' life insurance...

Last time I got approved for a mortgage I couldn't find life insurance, and that was just when I had depression and had never been under a CMHT nor been an inpatient.

Doesn't feel very fair!

I will report back once I've heard from this new potential provider and if still no joy, will see if I can get any advice from the CAB or similar as it's pretty clear discrimination imo.
 
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Worriedyin

Guest
Just to say, the broker I'm using is an online one that I found, UK based, through their page specifically on providing insurance for people with preexisting MH problems. I haven't even attempted to go via the normal route.

Also just as an FYI I'm not able to work full time so the mortgage concern isn't really relevant just now, just a dream (normal life ambition) - but if I can't get covered, does that mean that even if I fully recover I will never be able to get a mortgage? Is this like a known problem? Surely that can't be right?
 
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Worriedyin

Guest
So I applied for life insurance via a broker last year.

I was rejected by two insurers including one which required further information from my gp.

Third one was a specialist who considered my application for a few weeks, again required further information from the gp. Also rejected.

Been offered a product which is expensive and only covers accidental death - so basically a rubbish product. I only have a FEP diagnosis, am off antipsychotics, have had historical depression medication, no history of self harm etc.

So not a great outcome.

Have been told I can reapply for the specialist insurer further down the line.

Quite surprised that it's this difficult, especially if 3% of the global population are meant to experience psychosis over a lifetime.

Will update if I find anyone who offers a better quality of cover.
 
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ramboghettouk

Well-known member
Founding Member
Joined
Jan 7, 2008
Messages
16,663
Location
london
i don't think life insurance is worth it, you have to pay extra for all insurance they claim it's due to statistical risk, but all sorts of groups differ in statistical risk, it's certain disadvantaged groups who don't come under pc ideas they discriminate against
 
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Worriedyin

Guest
i don't think life insurance is worth it, you have to pay extra for all insurance they claim it's due to statistical risk, but all sorts of groups differ in statistical risk, it's certain disadvantaged groups who don't come under pc ideas they discriminate against
I don't actually know exactly what's covered yet as the advisor was not totally clear, but sounds like due to MH issues, I can't get cover for things like cancer, motor neurone disease, cardiovascular diseases, stroke etc.

Seems pretty unfair but that's life isn't it. It might be less terrible than it sounds, will find out when it arrives.

I read some guidance on insurers and 'protected characteristics' and it does say that it's ok to treat people differently due to disability although the normal guidance says that people shouldn't be excluded from cover etc on the basis of a protected characteristic.

Anyway it's been eye opening.
 
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ramboghettouk

Well-known member
Founding Member
Joined
Jan 7, 2008
Messages
16,663
Location
london
people shouldn't be excluded from cover due to a protected charecteristic but they can charge extra in effect making it unlikely the person will seek that cover

and as i said statistics are funny all sort of groups can be a different risk

heard with genetic testing for illneses someone could be a risk due to a high probabiliity of an illness in the future
 
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Worriedyin

Guest
Hi Rambo as you can see above I was rejected by three insurers after using a broker who advertises that they can help with life insurance for people with pre-existing MH conditions (Reassured). This included a much more expensive specialist insurer.

What I've been offered is not only as expensive as the specialist insurer, it's also a pretty crap product.

Also it's taken six months and two GP reports to get all the rejections, luckily my GP didn't charge for the reports but they can do so worth bearing in mind.
 
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