Mortgage protection insurance for cancer survivors

Zurich, along with the other members of Insurance Ireland, have signed up to a new Code of Practice called the Insurance Ireland Code of Practice for Underwriting Mortgage Protection Insurance for Cancer Survivors. This new code aims to ensure that former cancer patients who have successfully overcome their illness can get easier access to mortgage protection policies.

What does the new code mean for cancer survivors?

The introduction of the new code means that when underwriting decreasing mortgage term protection Zurich will disregard a disclosed cancer diagnosis if:

• Treatment ended more than seven years prior to the application for mortgage protection (or more than five years if the applicant was under age 18 at the time of diagnosis); and,
• the insured sum does not exceed €500,000 per applicant; and,
• the policy is connected to a mortgage on a principal private residence; and,
• the application is for a new individual decreasing term life policy with no serious illness attached i.e. only applies for pure life cover.

If all of these criteria are met, Zurich will not charge an additional premium and will not refuse cover as a result of these previous cancers.

Important! Cancer survivors are still legally obliged to answer the questions in the application form honestly and with reasonable care. 

For more information

Click here to find the answers to your Frequently Asked Questions.

Click here to download a flyer for your clients.

For more information, contact your Zurich Broker Consultant.

When you have questions about a specific case, we encourage you to contact our underwriting helpline (by email at underwritingsupport@zurich.ie or by phone on 01 799 2825).