HOW MUCH DOES INSURANCE COST?
We have a range of products with options that allow you and your financial adviser to tailor your insurance to your needs and budget. Talk to your adviser today to get a no obligation quote.
HOW DOES SMOKING AFFECT INSURANCE?
Smokers pay a higher premium than non-smokers. This is because the risk of a smoker dying or becoming ill is statistically higher than that of a non-smoker.
If you start a policy as a smoker and then give up for at least a year, you can send us a smoking update form and apply to have your premiums reduced.
If you start a policy as a non-smoker and then start smoking, your premiums do not change because of that. It's important to be honest about your smoking habits, as incorrect information can affect any claim you might make.
WHAT INFORMATION DO I NEED TO PROVIDE TO APPLY FOR INSURANCE?
Your adviser will step you through the application process, but generally you will need to provide your name, contact details, occupation, how you want to pay, and information about your health and lifestyle. For some types of cover, like Income Protection, we will also need some financial information and evidence.
To make things even easier, in some situations you can use our express telephone service to go through the health questions, with someone from our specialist underwriting team instead of filling in the application form.
I HAVE A MEDICAL CONDITION, CAN I STILL GET COVER?
In many cases we can still offer you cover even if you have an existing condition. We may need to exclude that condition from your policy or increase your premium so it can be included.
Talk to your adviser and they can help you find out what cover you can have.
HOW ARE PREMIUMS CALCULATED?
To calculate your premium we look at your age, gender, smoking status and medical history. For some cover the insurer might also consider your income, occupation and lifestyle choices.
This gives them an overall picture of what the risks are for you and along with what type of cover you have, this allows us to calculate your premium.
WHAT’S THE DIFFERENCE BETWEEN BUYING COVER DIRECTLY INSTEAD OF THROUGH AN ADVISER?
Products you can buy directly tend to be one-size-fits-all, whereas adviser-based products are customised to you.