anony365mous
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Do I have to have a medical exam for private medical insurance?
- moneystar asked 2 years ago in Insurance
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MoneyTalks
answered 2 years ago
In general, the answer is no. Provided you are not aware of any pre-existing conditions, you are best served by waiting to have a medical examination after joining a private medical insurance (PMI) plan.
Medical history declarations are offered by all insurers. These usually require the completion of medical questionnaire.
A moratorium is an option with some insurers. This requires you to complete a form without disclosing any medical history. If you do have any pre-existing conditions, they will not be covered for a stipulated amount of time, which varies from two to five years depending on the insurance provider.
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Medical history declarations are offered by all insurers. These usually require the completion of medical questionnaire.
A moratorium is an option with some insurers. This requires you to complete a form without disclosing any medical history. If you do have any pre-existing conditions, they will not be covered for a stipulated amount of time, which varies from two to five years depending on the insurance provider.
My oldest daughter will be heading to university next September. What's the best investment plan to ensure that I can finance her studies?
- poppy68 asked 2 years ago in Investments
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Expert Financial Adviser Answer
James Brooke
answered 2 years ago
You do not say how old your other two daughters are and therefore I have no idea of time scale. The longer the time the scale the more you may want to consider taking some risk because the variablilty of returns, (volatility) reduces with time. However, it is important to remember that the range of outcomes and therefore the risk increases with time.
Sadly, there is no investment plan that give a high return with relatively low risk. Risk and return are closely related. Some structured products purport to give the high returns with low risk, but all you have done is to swap market risk for counterparty risk and, if the counterparty goes bust, you may have lost all of your money rather than just some.
I would have thought that a well constructed portfolio of low cost, index tracking, investments could be what you need. This would be predominantly in fixed income assets and you would want them to be index linked and of short term duration to avoid inflation and interest rate risk as much as possible.
Speak to an Independent Financial Adviser.
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Sadly, there is no investment plan that give a high return with relatively low risk. Risk and return are closely related. Some structured products purport to give the high returns with low risk, but all you have done is to swap market risk for counterparty risk and, if the counterparty goes bust, you may have lost all of your money rather than just some.
I would have thought that a well constructed portfolio of low cost, index tracking, investments could be what you need. This would be predominantly in fixed income assets and you would want them to be index linked and of short term duration to avoid inflation and interest rate risk as much as possible.
Speak to an Independent Financial Adviser.
I'm in my final year of university and working part-time. After living costs, tuition etc. I save a small amount - what should I do with it?
- dianebarr asked 2 years ago in Banking
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anony365mous
answered 2 years ago
You should keep enough savings so that you could last 6 months without a job. If you are not strong willed enough to not touch the money in a savings account, get a savings product that penalises you for early withdrawl.
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I have been notified that I will be made redundant. When is the right time to claim on my accident sickness and unemployment insurance?
- allymac asked 2 years ago in Insurance
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I'm buying a car at the weekend and deliberating over whether to take out the warranty. Is this just an 'added extra' that I don't need?
- jenks01 asked 2 years ago in Insurance
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I'm a student and rely on my part-time income to fund my studies and living - can I get income protection?
- rsmith1 asked 2 years ago in Insurance
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Expert Financial Adviser Answer
James Brooke
answered 2 years ago
The actual answer is that it depends. For the answer to be YES, you will need to have a regular pattern of part time employment and you will, at the point of any claim, need to be able to prove the last 12 months income. If you can do this then the Friendly Societies will offer you cover and some of the more main stream providers may also consider you.
If you do not have a regular pattern of part tiem employment or you cannot prove your last 12 months income then I am afraid no one will cover you, as youc annot demonstrate to them how much you have actually lost.
Hope that helps.
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If you do not have a regular pattern of part tiem employment or you cannot prove your last 12 months income then I am afraid no one will cover you, as youc annot demonstrate to them how much you have actually lost.
Hope that helps.
