Life insurance to cover mortgage🤔: Hi peeps🙂 Hope... - NRAS

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Life insurance to cover mortgage🤔

Moomin8
Moomin8
10 Replies

Hi peeps🙂

Hope this finds you smiling😊.

I have to sort my mortgage out and my current mortgage-linked life insurance is up - 25 years! As I now have RA, I'm finding it difficult to get a reasonably price mortgage-linked life insurance. I need it for the next 13 year max. Any suggestions for us RA peeps?

Thanks x

10 Replies
oldestnewest
poemsgalore1

Maybe you could call the NRAS Freephone Helpline: 0800 298 7650. Opening times: Monday to Friday, 9.30am - 4.30pm

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Moomin8

Thank you 🙂

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AgedCrone

Look on quotacy.com.

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Moomin8
Moomin8
in reply to AgedCrone

Cheers!👍🏻

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Moomin8
Moomin8
in reply to AgedCrone

Is this a UK based company? It's asking for a zip code...

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AgedCrone
AgedCrone
in reply to Moomin8

I really don’t know......just put your postcode & see what happens.

Have you tried simply googling life insurance with RA?

Failing that the PO do all sorts of health insurances.

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helixhelix

Have you tried the usual comparison sites like this?

confused.com/life-insurance...

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Moomin8

Thank you - I have. When I get as far as a call, it takes ages and eventually they ask and I answer "I have RA", so they say "No, sorry!"

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Recorder500L

When my husband and I had a mortgage the Insurance Company increased our Insurance as if I was two years older than I actually was. it made little difference to the monthly payment. However the term of twenty years that we had a mortgage I expect it did. Take Care.

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Mall

Do you need life insurance?. I have a mortgage and don’t have life insurance. If I die my inheritors can sell the property pay off what remains of the mortgage and use the remaining cash as they wish. Alternatively they could keep in the house and continue to pay a mortgage on it.

My mortgage is quite small now in relation to the equity in the property. If you have negative equity then maybe this may not be advisable. Or if it is a joint mortgage or you have dependents living in the property then this may not be appropriate. You did say you have been paying a mortgage for 25 years so should have equity.

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