Well, hello there ?
I’ve been expecting you.
I take it you’re here because you’re not happy, actually let’s call a spade a spade, you’re effing ragin’ that your mortgage protection premium is so high.
Excellent, I like you already.
You shouldn’t be happy, don’t just take the first offer, you should shop around and try to get a better quote.
That’s how a lot of our customers end up here.
Fortunately, we’re the experts when it comes to getting affordable cover for people with quirky medical conditions so you’ve come to the right place.
The insurers are sticklers if you’re on the high side of the BMI range even though we know it’s not the best yardstick to measure health with because it doesn’t differentiate between fat and muscle.
But look, that’s how it is so we have to play by their rules for now.
If your BMI is over 30 you’re looking at paying more than someone with a lower BMI.
However, some insurers are more lenient than others and will offer you the standard price if your BMI is less than 33, assuming there are no other cardiovascular risks like high BP or raised cholesterol.
Once, we got cover at the normal price for someone with a BMI of 35 but in fairness, it was a rugby player.
Not him.
Smoking doubles your premium, so if a non-smoker pays €40 per month, a smoker will pay €80 for the exact same cover.
There’s nothing you can do to reduce this – apart from quitting, obv.
It used to be the case that we could get you non-smoker rates if you vaped.
Not any more. If you use any sort of smoking replacement, incredibly even 0% nicotine e-cigarettes, you are charged smoker rates.
The good news is that you become a non-smoker once you have totally quit for 12 months.
Another incentive to give up the auld coffin nails.
I’m off them years now thanks to Allen Carr
You may be in perfect health, but if your family tree is riddled with heart disease, cancer, diabetes, high cholesterol, high blood pressure, – or dozens of other conditions, you may pay more.
To an insurer, your family history means you’re at greater risk because you may inherit or acquire the same medical disease or condition.
Again, there is hope here as each insurer underwrites family illnesses differently.
e.g Insurer A may be sympathetic to a history of heart disease while Insurer B will increase your premium significantly.
We deal with 5 different insurers on your behalf and know the specific insurer that will regard your family history most favourably.
By the way, when we talk about family history, we mean
You don’t and shouldn’t disclose history about grannies, granddads, aunts, uncles, second removed first cousins etc.
If you’re adopted, you will answer no to all the family history questions which is totally acceptable.
Your own pre-existing medical conditions or medical history can also result in higher mortgage protection premiums.
I’m not telling you anything you don’t know already but if you have a serious medical condition, you’re more likely to make a claim on your policy.
To protect themselves, they will load/increase your premium because there is more of a risk they will pay out on your policy compared to someone in perfect health.
As with family history, some insurers are more lenient than others when it comes to certain conditions.
e.g at the slightest sight of a mental health issue, some insurers will start loading your premiums where others are kinder.
Right listen up because this is IMPORTANT
Each life insurance company has a base premium – they cannot offer you a price lower than this.
Let’s say you apply for €50,000 mortgage protection.
Irish Life can insure you for €13 per month as this is the lowest monthly price they can offer.
All the other insurers charge you €10 again this is their lowest monthly price.
So if you have no health issues, you will pay around 30% more over the life of your policy with Irish Life.
But it gets worse if you have health issues:
Unfortunately, you have some serious health issues so your premium is loaded by 300%.
This increases the Irish Life premium to €52 per month.
The other insures premiums jump to €40 per month.
I’ll say no more.
Don’t settle.
Don’t get ripped off.
If you’d like to see what we can do for you, simply complete this short form and I’ll get back to you asap.
Alternatively, feel free to give me a bell on 05793 20836 or schedule a callback here
Chat soon
Nick
As Ireland's leading life insurance broker, we specialise in comparing the rates and policies from the top five Irish life insurance providers and offering the very best value quotes to suit the individual needs of our clients. Our expertise lies in finding a suitable insurance plan for those with specific needs, be it a particular illness, occupation or claim history, we've got you covered in every sense!
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