Insurance company refuses payout on mortgage policy

An insurance company is refusing to pay out on a €250,000 mortgage protection policy because one of the deceased policy holders failed to disclose prior medical history, the High Court has heard.

Joseph McCabe’s wife Marie McCabe died in August 2009, nearly four years after the couple took out the policy on a mortgage they had with National Irish Bank for their home in Ross, Mountnugent, Co Meath.

Irish Life Assurance is refusing to pay out claiming there was material non- disclosure by Ms McCabe of her medical history prior to taking out the policy.