Life Insurance for older, unwell person Help!

[ScrumpleApples]

My DH has Parkinson's and is on maximum medication - it's no longer working and there's nowhere else to go. Our joint life insurance policy expires and is up for renewal in a year or so, it was originally taken out before he was ill, and DH says he's now uninsurable.

He is nearly 70 years old, I'm in my mid fifties. I hesitate to submit my details for lots of online quotes because it results in a shed load of spam, so thought I would ask on here - not for a quote, of course, but to find out whether anyone might recommend an Insurance company for this kind of situation or just to reassure me it might be possible. Then I might galvanise myself to look for quotes....

DH has even suggested going to Dignitas before the current policy expires! I don't want him to do that at all, let alone in order to get a payout! I think he doesn't really mean it anyway and possibly there would be small print to say we aren't covered for that - however the fact that he mentioned it has made me panic slightly.

I am afraid that the chance of getting any of the mainstream insurers term or whole of life policies are slim to none.

Your best bet would be to look at the over 70's plans with no underwriting, generally written to cover funeral costs, and the sums assured are much less than you would find on a term policy.

I would check with your existing policy, to see if there is the option ton convert to a Whole of Life Policy.

Sorry you are in this situation. I don’t think you are going to get life insurance. What do you need it to cover?

Yes good idea I will check current policy. See if it can be extended.

It was originally intended to cover the mortgage, but that is now paid off. Not looking too great then....

I think it's unlikely that you'll get anybody to insure.

I'd sort out your own life insurance as a priority though, to ensure he can be looked after if anything were to happen to you.

I’m sorry you find yourself in that situation. As others have pointed out, it is unlikely that any life insurer will take on the risk and even if you can find someone, the loading you will get will make this unaffordable/not worth in.

You may be entitled to an element of his pension, should anything happen to him. It would be worth making sure all paperwork etc is in place for this.

Thank you for replies! Yes his pension is ok paperwork wise and I will have a "widows pension" (unless I go first). Mortgage paid off, as mentioned above.

He now admits the Dignitas comment was uncalled for and he didn't mean it... he just feels a bit hopeless at times. But there is still so much to live for!

The only other thing to look into would be joining a credit union.
They do complimentary life insurance. But only on the amount you have saved with them. And it depends how much you have saved and when you saved the money.
So if the money was deposited after a certain age you are insured for less.
Its complimentary and sometimes overlooked. But well worth it.

Agree with another poster..what do you need the insurance for? Usually it is to cover mortgage and other life expenses I had insurances when my kids were at home and stopped paying them once they were independent and away. My life insurance expires next year I think when I will be 59. I have no need for it now as no mortgage.

Insurance is just for a lump sum - not for anything in particular but it would be good to be able to pass something to the children, or generally add to quality of life.

It would be so expensive you are better off saving in the most effective way whatever the payments would cost.

Maybe save into Premium Bonds so you have the chance of winning with no risk to your savings. We had life insurance until the youngest child was 21 and mortgage paid off. No point after that for us.