Life Insurance

Hello Louli
 

Thank you for your message and I am sorry to hear about your husband’s diagnosis. 

It would be very unlikely that AIG would know anything about your husband’s health and prognosis unless you have made them aware or tried to make any sort of claim on the policy.

When a claim takes place there are consent forms that your husband would sign which allows AIG to contact his GP/Oncologist, without these forms they wouldn’t usually have any authority to request medical information.

Generally, an existing life insurance policy is still valid after a cancer diagnosis as long as the health details given on the original application were correct. Any health conditions which develop after the policy has started don’t affect the premium or cover, so don’t need to be disclosed to the insurer, unless it’s a renewable or annual policy.

Could it be possible that you have a 7-year renewable policy? if that’s the case then his new health conditions may be considered, and the premium may increase if cover is to continue. You could look at the policy documents to find out or AIG should be able to advise you of this over the phone. If AIG asks about a change of health situation, it’s important to be open and honest with them.

If you have any further questions or other concerns relating to your finances, like mortgage payments, claiming on an insurance policy, or worried about debts, please come back to the Financial Guides on here, or on webchat by selecting ‘Chat to us’, or by phoning us on 0808 808 0000.

I hope that we hear back from you soon.

Take care.


Chris
Financial Guide

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Hi and thank you for your speedy and detailed response. The policy is not a 7 year revising one it’s index linked and increases every year automatically. 
I rang AIG today who said it definitely wasn’t them. However, we signed up via a broker called Lifesearch. Apparently some brokers contact people and say they are AIG because they set up the policy through them but actually they want to sell them a supposed better policy.

I don’t know for sure but I’d definitely wasn’t them.

it’s all very odd and my Urology nurse specialist said she hadn’t heard of this before. So I will talk to them myself when they call next week and see if I can work out who they really are.

i will definitely keep you posted.

kindest regards,

louli

Hello Louli,

Sounds like it could have just been a broker trying to ring then.

If there is anything you need any help with please don't hesitate to let us know.

Thanks and kind regards,

Chris 

Thank you for your help. !