Can I get life insurance after bankruptcy or iva?

Get expert opinion. This is the place for new questions to be posted.
6 posts Page 1 of 1
User avatar
theresa
Posts: 1
by theresa » Sun May 27, 2018 7:38 pm
I want to go bankrupt or iva will this affect me taking out over 50's life insurance policy after please
User avatar
kallis3
Forum Expert
Posts: 73082
Contact
by kallis3 » Sun May 27, 2018 10:17 pm
Hi,
Shouldn't make any difference at all as far as I am aware.
User avatar
luluj
Forum Expert
Posts: 10116
Contact
by luluj » Sun May 27, 2018 11:48 pm
You may have to wait until your iva has been cleared from file - use a broker for advice as we were refused life insurance cover on the high street whilst in our ova and had to go via a broker. Ryan and or Shaun may be able to advise.
User avatar
kallis3
Forum Expert
Posts: 73082
Contact
by kallis3 » Mon May 28, 2018 8:51 am
I don't think they are in an IVA yet. Might be worth taking it out now.
User avatar
Ryan
Industry Expert
Posts: 841
Contact
by Ryan » Tue May 29, 2018 3:24 pm
As Kallis says it may be worth taking it out now so the premium can be taken into account as an allowable outgoing if you do decide to go into an IVA.

Regards
User avatar
Foggy
Forum Expert
Posts: 26069
Contact
by Foggy » Sun Jun 03, 2018 9:10 am
Some firms do, illogically, increase premiums or even refuse those in an IVA. Irt would pay to get it in place early on and to shop around.
6 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: Bing [Bot] and 10 guests