I agree with Broooooce's first paragraph.

But if you follow the advice in the 1st paragraph, the insurer is taking on a known risk and will have no concerns about paying out.

They do wiggle if you don't declare things.

As a rule of thumb, if you wanted life insurance I'd recommend a policy that fitted your needs. (I'm an IFA)

If you wanted an investment I'd recommend an investment that suited your needs.

However, mixing the two compromises the investment part, so, as a rule of thumb, I'd keep the two elements separate.

A whole of life policy written on a balanced or minimal basis will provide a return at a certain point if the client is still alove and has an encachment value similar to an endowment policy. These can be appropriate in some circumstances.

An independent financial adviser will be able to advise on the most appropriate type and provider.

Hi

Every insurer asks the standard question "have you ever tested positive for HIV hepatitis B or C, are are you waiting the results of such a test?" So yes you will have to disclose it. In view of the Hep C The insurers are most likely to get a doctors report then will base an acceptance on the information your doctor holds. It is likely if they accept him the will apply a "rating" which is an additional charge per month as he may be considered a higher risk cleared of Hep C or not..... Go to a broker for the insurance, they will be able to try your details with a number of insurers / or can phone around for you first to see how the insurers will view it/ if they would load a policy.

Either way.... life insurance doesn't pay out a lump sum after a certain amount of time, the old style policies used to have a small cash in value and these aren't around any more. Its important to view life insurance for what it is = death cover. Its not an investment, if you want an investment/ lump sum payout after a certain amount of time then you are better looking at other options.

There are two main types....insurance to cover you for a certain term i.e. 40 years usually up to the age of 85 years old max, or a whole of life policy which you keep paying and it pays out upon death whenever that is. The whole of life is understandably more expensive than the term assurance.

Hope this helps, good luck

Laura

i agree with Brooooooooooce what he said is correct .

-Daisy

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Not 100% sure what you mean by 'payout after a period of time if he is still alive' - life insurance in my view is almost always best if you take it out in pure form i.e. only pays out on death with no payout if you are still alive. Whatever you do make sure you tell the insurer everything - even the time he had piles! You are far better disclosing loads of seemingly (to you) irrelevant stuff than having your insurer refuse your claim because you failed to tell them about something that's irrelevant but that they can (and will) use to refuse your claim.

Remember insurers are interested in 2 things and 2 things only: 1. Taking your premiums & 2. Finding a 'legitimate' way to deny your claim.

My partner, aged 43, cleared hepatitis C without treatment and has a consultant's letter to say he does not have the virus anymore. I read that he can get a quote for life assurance (ie a payout after a period of time if he is still alive) without hte hepatitis being an issue. What is the best option for him? Does he even have to declare the Hepatitis was once diagnosed. There is no damage to his liver.