The Lion Life Insurance Blog

A life insurance trust allows you to ensure your policy pays out to the right people at the right time without waiting for grant of probate.

What's grant of probate?

A big, and lengthy, pain in the ass.

If you’re on this here blog, I can assume a couple of things:

you’ve bought or are buying a house and
you’ve either bought or are buying Mortgage Protection or Life Insurance because you have to.

I can also probably assume you’re a responsible adult – or at the very least, you’re very good at pretending, which as we all know: all the best people are.

Now, there is one thing you need to know. This one thing is either coming to you too late or just in the nick of time, depending on whether or not you now own a house.

The banks are great for mortgages, but they’re a rip off when it comes to Mortgage Protection...

You're here to figure out if life insurance is what you need, and I'm here to help by simplifying the bejaysus out of it.

So let's begin this Beginners Guide to Life Insurance

A question I'm often asked is: Can I get more life insurance in the future if I need it?

My answer is: Yes, but you'll have to answer medical questions....unless you can use the guaranteed insurability option.

The response to which is invariably: What the hell is a guaranteed insurability option???

You don't smoke, you're in good shape, exercise regularly, eat plenty of greens and you still suffer from high blood pressure or hypertension.

It doesn't seem fair.

But if you have been diagnosed with hypertension, you can count yourself lucky in a weird way.

Why?

Because you can do something about it.

Haemochromatosis is an iron overload disorder. It is a genetic condition that causes people to absorb excessive amounts of dietary iron.

If your ferritn and iron levels are in the normal range, you should have no issues getting mortgage protection, life insurance or incoem protection.

So those scoundrels at Aviva, Irish Life, Royal London, New Ireland or Zurich Life have increased your premium, eh?

And you're wondering why?

Let me explain:

Getting life insurance as a coeliac is fairly straightforward.

The only issues arise is where there have been complications or if your disgnosis is very recent.

Here's my guide to getting life insurance as a coeliac.

Life Insurance might seem like a modern invention – like a lightbulb moment that could have happened in the last century given the rise of corporate banking and massive financial companies.

It actually goes back centuries – the first Life Insurance policies were taken out in the early 18th century and the first company to offer Life Insurance was founded in London in 1706.

It was called the Amicable Society for a Perpetual Assurance Office, which is long-winded but pretty brilliant. Who wouldn’t trust an ‘Amicable Society’ with their ‘Perpetual Assurance’?

Given that was London in the 1700s, modern Life Insurance probably comes with a lot less moustache twirling and tricorn hats.

Life Insurance, as a business, has been developing for centuries – so the vast majority of people can usually get some cover. Here’s what you need to know if you think you’re ‘uninsurable’.

When I first started this job, I thought it was impossible to get cover after a brain tumour.

I was wrong.