Zurich Life has signed up to the Insurance Ireland Code of Practice for Underwriting Mortgage Insurance for Cancer Survivors. This means that we will disregard any disclosed cancer diagnosis where all of the following circumstances apply. An application for decreasing term assurance in association with a mortgage will not be rejected, nor will a higher premium apply, in relation to the cancer condition, if:
The application is for a new individual decreasing term life cover only (single life / dual life / joint life).
The application is for a policy in connection with a mortgage on the applicant’s principal private residence. A principal private residence is where the applicant lives most or all of the time.
The amount of life insurance is the lesser of the mortgage amount or €500,000 per applicant.
Treatment for cancer ended more than seven years prior to their application or more than five years if the applicant was under 18 at the time of diagnosis. Treatment has ended means being in “complete remission” and “active treatment” having ended seven or more years prior to the date of the application where the cancer was diagnosed when the applicant was aged over 18; and having ended five or more years prior to the date of application where the applicant was aged under 18 at time of diagnosis. Read more.