lauralollipop

hello

I have just remortgaged the house to give me some cash to take to Aus with us, and i have been shopping around for life cover.

Thing is cos i have said that we are going to work in aus for a year no-one will give us life cover, even tho i will still have my UK mortgage and bank account here, so now i have a BIG mortgage, but no life cover!!!


When i asked if i shouldnt of put it on the form, they said that if anything happened and i haddnt put it on the form that they wouldnt pay out arrrgghhh!.......what should i do??? any ideas??? Im leaving next week

laura
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Jimbo9

Hi - I'm also uncovered after cashing in endowment policies last month. It's not a good time to fall under a bus !

I'll be getting cover from a domestic assurer when we arrive in Sydney

Here's a list of Oz providers

http://www.apra.gov.au/Life/List-of-...-Companies.cfm

Would be interested to hear who you find competitive if you check them out

Rgds Jim

lauralollipop

thanks Jim

Yes I know what you mean, I keep saying, ""dont die now" cant see why they wont cover us, weather here or in aus as we are still gonna pay premiums.......oh well i'll try the link and see what i can find.....


take care

laura
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renth

You can still get life insurance in the UK. I'm still covered with Marks and Sparks life insurance and I've been here 2 years as a PR.

andrew63

Absolutely
I still make my payments to my old life ins. co. They know I am in Aussie and they said it makes no difference to my cover.
I also started a new one here too!

Andrew

biggy

we left our life insurance running in the UK, just changed our address to here, we also have an endowment that we had on our house so we just kept it running cos it only has 6 years to go

lauralollipop

yes, dont worry..........they said if i had of already had the life insurance before my visas were grated thats was fine as i had no intention of going away at the time of taking out the policy, now that i have got visas, i have an intention of going away, so if i take out a policy now and lie about going away, the date of the visas being grabted will make it will be invalid.......should i need to claim.

So these must be exsisting polices, which the ins companies said are fine. But i never had life cover before has it was in with my endowment and i dont have that anymore........

I will have to get aussie policy, just hope i can get one to cover the equivallent of £60,000 and hope i can get one on a 457 visa.....

laura
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