OneLife Insure, led by our Managing Director Mr. Tom Grant, played a pivotal role in implementing this rule and made history by being the first in the market to apply it for a cancer survivor. Mr Grant shared the success story of an anonymous applicant who battled stage three bowel cancer over seven years ago. Traditional insurers indicated exorbitant premiums, exceeding €200 per month, making it impossible for the individual to afford coverage and consequently hindering his mortgage application.

Under the new code, Mr. Grant successfully secured coverage for the applicant with a significantly reduced premium of €40 per month. This breakthrough allowed the client to obtain mortgage protection cover, paving the way for him to purchase his own home.

Mr. Grant’s dedication to the cause extends beyond individual success stories. He has actively engaged with the Minister of Finance, Michael McGrath, and Senator Catherine Ardagh, sharing insights into the implementation of the ‘Right to be Forgotten’ rule. The Minister has sought feedback from Mr. Grant’s experiences, emphasising the importance of a comprehensive understanding of how the rule is being applied and its impact on the community.

The ‘Right to be Forgotten’ is more than just a rule; it is a New Code of Practice for Cancer Survivors Seeking Mortgage Protection Insurance. OneLife Insure proudly supports and is fully committed to complying with the Code, being actively involved in its creation. The Code aims to ensure fair treatment for cancer survivors, specifically addressing access to and affordability of Mortgage Protection life cover.

Key criteria under the Code include:

1. Policy Type: The Code applies to Mortgage Protection policies for decreasing life cover, with no other cover types added.

2. Sum Assured: The policy must have a sum assured of €500,000 or less, equal to or less than the mortgage amount.

3. Property Type: The cover must be for a mortgage related to the principal private residence of the applicant.

4. Application Date: Applications will be assessed based on the date the application was submitted.

For clients with a history of cancer, the following criteria apply:

1. Remission: The individual must be in complete remission from cancer.

2. Treatment Completion: Treatment for cancer must have concluded.

3. Age at Diagnosis: If diagnosed before turning 18, treatment must have ended at least five years before the application. If diagnosed after turning 18, treatment must have concluded at least seven years before the application.

The implementation of the ‘Right to be Forgotten’ rule is a significant leap forward in ensuring that cancer survivors are not unfairly penalised in their pursuit of mortgage protection insurance. It represents a collaborative effort between advocacy groups and the insurance industry, spearheaded by leaders like Professor Mark Lawlor, NECRET, the Irish Cancer Society and Insurance Ireland. As this pioneering initiative continues to unfold, it holds the promise of a more inclusive and supportive future for cancer survivors seeking financial stability and homeownership.

For readers seeking further advice or information on the ‘Right to be Forgotten’ rule and mortgage protection insurance for cancer survivors, don’t hesitate to reach out to Mr. Tom Grant, the Managing Director of OneLife Insure. You can contact him via email at tom@onelifeinsure.ie or by phone at +353-1-5390410.  Tom and our dedicated team at OneLife Insure are committed to assisting individuals in navigating these transformative changes, ensuring that everyone can secure the protection they need for a brighter and more secure future. Your journey to financial stability and homeownership begins with the right guidance, and we are here to help.

Introduction

Every year, over 6,000 people tragically take their lives in the UK and Ireland. In this article, we’ll explore the complexities of securing life insurance after a suicide attempt and offer valuable resources for those facing this challenging situation.

Understanding Eligibility

To determine your eligibility for life insurance post-suicide attempt, insurers require specific information:

1. Number and dates of suicide attempts.
2. Any underlying mental health conditions.
3. Treatments undertaken for prevention.
4. External factors influencing the attempt.

Securing Post-Suicide Attempt Insurance

Obtaining life insurance after a suicide attempt is feasible, but factors influence your policy type.

Discuss potential triggers like traumatic events with insurers. Note that most standard policies in Ireland cover suicide claims after 12 months, but premiums may be higher due to perceived risk.

Factors Evaluated by Underwriters

Underwriters consider various factors:

• Timing of the suicide attempt.
• Mental health since the attempt.
• Treatments received.
• Any mitigating external factors.

Mental Health Considerations

Underwriters scrutinise mental health conditions like clinical depression, bipolar disorder, and schizophrenia, which correlate with suicide risk. These conditions may also increase the risk of other risky behaviours.

The Application Process

Typically, the application process includes:

1. Completing an application with personal and health details.
2. Disclosing suicide attempts and related questions.
3. Providing a current medical exam for verification.

We are happy to complete this with you over the phone, it only takes 10 mins.

Potential Outcome

Results vary:

• Very recent suicide attempts often lead to rejection.
• Untreated mental illness can result in a decline or postponement in cover.
• Past suicide attempts with treated mental illness may secure traditional coverage, albeit at non-preferred rates.

Exploring Alternatives

If you have been declined cover, alternative life insurance options are available. Please give us a call as we will be glad to advise you.

Coverage for Suicide

Most life insurance policies still pay the full death benefit in cases of suicide while covered.

Conclusion

If you require life insurance or mortgage protection after a suicide attempt, reach out to us. We’re dedicated to assisting you in finding the right coverage.

Email – tom@onelifeinsure
Phone – 01-5390410

Additional Support

If you’re experiencing difficult times, seek support. The Samaritans offer free, round-the-clock telephone assistance at 116 123 (UK and Ireland). For mental health concerns, the HSE provides online resources, and your GP can refer you to HSE mental health services.

The Pieta Crisis Helpline offers crisis intervention support and assistance to those bereaved through suicide. They can be reached at 1800 247 247 or by texting ‘HELP’ to 51444. If you or a loved one are in crisis, Pieta is there to provide immediate help and support.

In this article, we address common queries from individuals applying for life insurance after being diagnosed with Gout.

Can I qualify for life insurance if I have been diagnosed with Gout?

Yes, individuals with Gout can often qualify and some may even qualify. However, it’s important to note that while Gout isn’t deemed life-threatening, frequent untreated episodes can potentially lead to severe health conditions later on.

Why do life insurance companies care if I’ve been diagnosed with Gout?

While Gout may not seem directly relevant to life insurance, frequent Gout attacks, combined with poor management, can have serious health consequences. This explains why insurance companies inquire about your Gout history.

What kind of information will insurance companies ask me or be interested in?

Based on your answers, the company assesses your risk level and determines coverage options. Medical records or exams may be requested.

What rate can I qualify for?

Insurance companies will base their assessment on the severity and frequency of Gout flare-ups, your management plan, and any long-term complications. Your risk level influences your rate.

While our expertise at OneLife Insure aids clients with pre-existing conditions, medical professionals should be consulted for specific medical inquiries.

How can I ensure I get the best life insurance for me?

To conclude, finding the best life insurance involves reviewing options, asking questions, and working with experienced agents who have access to a range of insurance companies. At OneLife Insure, we’re here to guide you toward the optimal policy tailored to your circumstances. While not everyone may qualify for traditional policies, we work to find alternative solutions.

Please contact us on 01-5390410 or email info@onelifeinsure.ie for more information.

Introduction:

Life insurance plays a vital role in safeguarding our loved ones’ financial well-being in the event of our unfortunate demise. However, many individuals face challenges when applying for life insurance, particularly if they have a high Body Mass Index (BMI). Insurance providers often consider BMI as a risk factor, which can lead to the unfortunate outcome of declined coverage. In such instances, OneLife Insure is here to assist. As one of Ireland’s leading Life and Pensions advisors, we work closely with multiple insurers and understand their varying policies regarding high BMI applicants. In this blog post, we explore the issue of declined life insurance due to a high BMI and discuss how OneLife Insure can help you overcome this obstacle.

Understanding the Impact of High BMI on Life Insurance Applications:

The Role of OneLife Insure in Facilitating Coverage for High BMI Individuals:

At OneLife Insure, we understand the challenges individuals with high BMI face when seeking life insurance coverage. Our extensive experience and strong relationships with insurers in Ireland allow us to navigate the complexities of the underwriting process and find viable solutions for our clients. We specialise in matching individuals with the most suitable insurers, some of whom are more lenient when it comes to high BMI applicants.

Our Approach: Tailored Solutions for High BMI Applicants

1. In-depth Analysis:

We conduct a comprehensive analysis of your specific situation, taking into account your overall health, medical history, and lifestyle factors beyond just BMI. By understanding the entirety of your circumstances, we can present your case to insurers in a holistic manner, highlighting any mitigating factors that may help secure coverage.

2. Wide Range of Insurers:

OneLife Insure works with a diverse network of insurance providers throughout Ireland. We are well-versed in the varying underwriting guidelines and policies of these companies, including those that are more open to considering high BMI applicants. Our aim is to find the insurer that best aligns with your unique needs, maximising the likelihood of securing life insurance coverage.

3. Expert Guidance:

Our experienced team of advisors will guide you through the application process, ensuring you understand the requirements and provide all necessary information accurately. We assist in preparing a strong case, including medical records, lifestyle information, and any additional documentation that may positively influence the insurer’s decision.

Conclusion:

Being declined life insurance due to a high BMI can be disheartening, but it does not mean you are without options. OneLife Insure specialises in helping individuals overcome such obstacles by leveraging our extensive network of insurers and our understanding of their varying policies. We are committed to finding the best possible life insurance coverage for our clients, regardless of their BMI. Contact OneLife Insure today, and let us guide you through the process, providing you with peace of mind for the future.

Remember, your high BMI should not prevent you from securing the life insurance coverage you and your loved ones deserve. Trust OneLife Insure to be your advocate and help you navigate the insurance landscape to find a solution tailored to your needs.

You can contact us on info@onelifeinsure.ie or call one of our advisors on 01-5390410

Can I qualify for Life Insurance or Mortgage Protection if I have been diagnosed with Fibromyalgia?

I have good news. It is possible to qualify for life insurance if you have been diagnosed with fibromyalgia. However, the terms of your policy and the premiums you will pay may be affected by your diagnosis.

If you have been diagnosed with fibromyalgia, the insurance company may ask for more information about your condition and how it is being managed. They may also ask about any other medical conditions you have, as well as your family medical history.

Each insurer has different underwriting guidelines and may have different underwriting approaches when underwriting those with fibromyalgia. 

If you have been diagnosed with fibromyalgia, the insurance company may ask for more information about your condition and how it is being managed. Some of the information they may request includes:

• When you were diagnosed.
• What symptoms you experience.
• Any medications / treatment you are taking.
• Does the condition affect your work schedule and your daily life.
• Do you suffer from depression or any other mental health conditions.

Once your fibromyalgia is well controlled and your condition is not severe, then you may be offered cover.

If you suffer from a more “serious” case of Fibromyalgia, the good news is that you may still be able to qualify for a traditional life insurance policy with an added ‘loading’ to the standard premium (this is an additional sum charged on top of their standard monthly premium to reflect their additional risk).

Our Process

At OneLife Insure, we have access to all insurers in Ireland and some UK insurers too.

Our research process involves us contacting all these insurers to find out the best possible outcome for our clients. 

We have up to date knowledge of the ever-changing landscape of underwriting for all providers in Ireland. What’s more, our advice comes at no obligation and with no hidden costs.  You don’t pay us directly, but we do get paid by the insurer if you decide to start a policy with them.

Next steps

Whilst you are welcome to get a quote online at Get a Quote – OneLife Insurance, we would recommend you speak to one of our advisers.

Any quote that our advisers provide will consider your circumstances and medical history, as well as your budget.

It’s worth noting that an online quote is just that – a quote – it is NOT an offer of cover. What really matters is the cover and the premium you are offered, after your application has been assessed.

Call us on 01-5390410 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

Whilst we will make every endeavour to help someone to arrange insurance, there is no guarantee of success.  If there is cover to be got for you, we will find it. All applications are subject to underwriting.

Over the years OneLife Insure has had many interesting characters contacting us regarding Life Insurance, such as Santa Claus, and Harry and Megan to name a few, but none scarier than Freddy
Kreuger.

Yes, Freddy contacted our advisors this week, looking for a protection plan to be put in place. He was a complete ‘nightmare’ of a customer, very rude and we knew he was withholding information to us regarding his health and lifestyle. Freddy … We have all seen the movie.

The importance of Full Disclosure

We highlighted the importance of full disclosure to Freddy and the reasons why he must answer his health and lifestyle truthfully when applying for Life Insurance. We told him:

1. By providing full details of any medical history and his ‘interesting pastimes’ at the outset he
   will remove any doubt that a claim will be refused for failure to disclose.
2. We want Freddy’s insurance to pay out – If he makes a claim on his policy, he will want the
   claim to be paid. If the insurers find during the claims process that he withheld details at the
   time of his original application, his claim may not be paid.

Freddy being Freddy, he was having none of this. He was giving the insurer false information and he was purposely omitting to disclose material facts. The insurer had no option to consider his
application as invalid.

On rare occasions, people, like Freddy, might not be fully truthful in their life insurance application to avoid paying a higher premium. Someone who has significant pre-existing health conditions are likely pay a higher rate than someone who is in good health.

Despite a fear of a higher premium, the best course of action is to truthfully answer Life Insurance application questions to avoid policy denial or cancellation during a claim.

If you are worried about paying a higher rate based on your health status, please contact our
advisors. We are here to help you tailor a plan to suit your needs and your budget.

Thankfully Freddy did not become a client of OneLife Insure… as for his neighbours. Our advice to
them is to contact us as soon as possible…. as One Two, Freddy’s coming for you!