A Case Study: Securing IP for a Self-Employed Carer with Type 2 Diabetes

‍Client Profile: A self-employed carer was introduced to James to discuss protecting her new mortgage. With no employer sick pay and full responsibility for her household, she was deeply concerned about how she would manage financially if she became seriously ill and unable to work.

Challenge: During their discussions it was identified that her biggest worry was losing her income due to illness as she is type 2 diabetic. She had tried previously to get insurance and been told that income protection was not available to her due to her ‘poor health’. Despite being otherwise healthy and active, she felt this was unfair as many ‘less mobile’ colleagues and friends could have this form of protection.  

Solution: After conducting a full market review James identified a specialist provider that had recently introduced diabetic income protection on a case-by-case basis (this required detailed medical evidence and underwriting). The client promptly provided her diabetic readings, and he submitted these along with supporting letters and notes to the underwriters.

Outcome: We successfully secured income protection cover for the client—something she thought was impossible. Combining it with life assurance, this solution offered comprehensive protection for her and her children. She was delighted with the outcome, especially as the premium was within her budget. The cover gave her peace of mind, knowing that her mortgage and essential living expenses would be protected if she were unable to work.

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