- Client: Male
- Age: 37
- Smoker status: Non-smoker
- Medical condition: Type 1 Diabetes
- Cover date: 24th March 2020
- Product type: Decreasing life insurance
- Cover amount: £187,000
- Cover term: 23 years
- Premium: £40.51
We were approached by this gentleman when he completed an enquiry through our partners website, Diabetes.co.uk. We received the enquiry and our protection advisor got in touch with the gentleman to discuss his life insurance needs and any pre-existing medical conditions that he has.
This is when he explained that he was looking for life insurance to cover his mortgage which is £187,000 over a 23-year period. He also disclosed that he has type 1 diabetes that is well controlled, however he has had diabetic eye problems as a result.
After taking this information our advisor suggested that decreasing life insurance would be the best option for the gentleman as he was looking to cover his mortgage and the cover would decrease alongside the mortgage; decreasing life insurance is also cheaper than level life insurance.
The gentleman agreed that this would be the best option, and as a result our advisor applied him to one of our mainstream providers. On the 24th March 2020 and secured the gentleman £187,000 of cover over a 23-year period for a monthly premium of £40.51.
This is an amazing result and the gentleman was thrilled that we were able to find him the cover that he needs as he now knows that his mortgage is protected should the worst happen.
We were also delighted with this result as it is an amazing premium considering the gentleman’s medical history, as when you have complications with your diabetes it can be difficult to obtain cover.