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Where Can I Get Mortgage Protection Quickly?

November 6 2019 3 min read Blog Mortgage Protection

in a hurry for mortgage protection

Once upon a time, you’d struggle to get your mortgage protection quickly.

It could have taken around 5 working days

I know, 5 days is hardly ages

But it is when you’re just about to close on a house purchase…

…and you’ve forgotten to put your mortgage protection policy in place until the last minute…

…and the seller’s solicitor is putting pressure on you…

Then every hour delay seems like FOREVER.

Can you get mortgage protection urgently?

Yes, the life insurance companies have really upped their games in relation to issuing mortgage protection quickly.

Because we bollock them incessantly until they do!

 

Some insurers can issue your policy the same day they receive your application form.

(We can print the policy documents here in our office to speeds things up even more).

That’s good news if you need your mortgage protection quickly, urgently, ASAP!

Just remember to tell us up front that you need your policy, like yesterday.

We’ll make sure you get it.

How long does it take to get mortgage protection?

At best, less than 24 hours.

Here’s how.

  1. We’ll recommend the insurer with the quickest current turnaround time
  2. Complete your application online with us.
  3. I’ll email you documents to sign digitally.
  4. You email them back to me.
  5. We submit to the quickest life insurance company.
  6. If there are no health issues, your policy is issued immediately

If there are minor health issues, you may need to complete a questionnaire.

If there are more serious health issues and a doctor’s report is needed, you can add at least a week to this – depending on the efficiency of your GP.

Some GPs are on the ball, some are useless.

I make no apologies for saying that.

Some are absolutely dreadful when it comes to completing medical reports.

Hopefully you’ve got a good ‘un.

What can delay my life insurance or mortgage protection?

Issues such as these will delay your life insurance:

  • Recent hospital visits – any visit to the hospital in the last 5 years.
  • Upcoming hospital visits
  • Upcoming check-ups
  • Planned surgery
  • Feeling unwell for any reason
  • Recently put on medication or dosage of medication has changed
  • Consulted with a medical practitioner for mental issues.
  • Overweight
  • High blood pressure or cholesterol
  • Family history of illness (e.g. cancer, heart problems)

Although you feel they are nothing to worry about, you have to disclose them on your application form.

How long does life insurance take?

The Perfect Storm

This usually happens around 3 days before you’re due to close on your mortgage.

Problem 1:
Your bank, who up to now has said there will be no problem with your mortgage protection, suddenly informs you that a medical report will be required.

Problem 2:
Your GP is a disaster at sending stuff back, requires prepayment before she’ll do anything or even worse is on holidays for 3 weeks

Problem 3:
Your GP sends back your report but the information is not up to date. The insurer sends it back and we wait a few more weeks for it to be returned.

This really happens.

You may roll your eyes and think I’m just exaggerating.

I’m not.

I have witnessed first-time buyers lose their dream home due to a delay with their mortgage protection – heartbreaking stuff.

Over to you

If you need mortgage protection quickly, you have no time to spare.

Stop reading and call me now on

Stop reading.

Call me.

Now.

Please.

Pretty please, with sugar on top.

Then breathe easy.

I’ll sort it out for you.

Nick McGowan
lion.ie | making life insurance easier

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Blog Mortgage Protection
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