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Mortgage Protection/Life Assurance Rejection

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  • 12-03-2019 10:44pm
    #1
    baileyborough
    Registered Users Posts: 40 ✭


    Hi guys,

    We're going to sign for our house soon, all good so far.

    Today I was told that I was being refused to be covered for life assurance due (I think/assume) to my BMI. It's high.

    Is there anything I can do?
    Post edited by Jim2007 on


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    #2
    Atlantic Dawn
    Registered Users Posts: 81,185 ✭✭✭✭Atlantic Dawn
    M


    Try with some other providers, they may have different underwriting conditions. Alternatively if you can't find another provider you will need to reduce your BMI to a level they accept.


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    #3
    JustAThought
    Registered Users Posts: 5,323 ✭✭✭JustAThought


    Could be anything really - I had a problem meeting criteria for ordinary car insurance recently - a few of yhe big players alm told me there weredifferent acceptance criteria with brokers (lowercriteria) - turns out they were right.Try a broker.


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    #4
    3DataModem
    Registered Users Posts: 3,945 ✭✭✭3DataModem


    Go to an Irish broker who specialises in post-rejection applications, e.g. Lion or OneLifeInsure.


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    #5
    KK Supercats
    Registered Users Posts: 42 ✭KK Supercats


    I had to get life assurance recently and found FM Downes very knowledgeable and helpful.


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    #6
    phormium
    Registered Users Posts: 3,293 ✭✭✭phormium


    In the meantime if you wish to go ahead with the house/mortgage then ask your lender can do a 'waiver' of mortgage protection due to being refused. This will enable you to proceed and you can always continue to try and get cover afterwards.


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    #7
    mirrorwall14
    Closed Accounts Posts: 6,751 ✭✭✭mirrorwall14


    See a broker ASAP. Even a term limited policy will help getting the mortgage. Ask the bank for a waiver on your life insurance. They may apply different terms and conditions particularly if you are married (we were capped at a much lower mortgage amount than we would have liked). My husband couldn’t get insurance beyond a five year policy


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    #8
    Loz Ella
    Registered Users Posts: 15 ✭Loz Ella


    https://www.boards.ie/discussion/2057964079/mortgage-protection-life-assurance-rejection

    Hi @baileyborough, did you get sorted in the end? My partner and I are in the same position now and are looking for advice.

    Post edited by Loz Ella on


This discussion has been closed.
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