Protection Update - Issue 102

Increased financial underwriting limits

We’d like to announce that we’ve just increased our financial underwriting limits.

We will no longer be asking for financial details for sums assured of less than £800k for life cover and £500k for critical illness cover.

For life insurance applications of between £800,000 and £1.5million and for CIC applications of between £500,000 and £800,000, we will only require answers for up to four specific financial questions. The sums at which we ask for financial questionnaires are £1.5m for life cover and £800k for critical illness cover.

Our new limits are market leading and recognise the importance of obtaining appropriate evidence relative to the sum assured. They benefit you and your clients through greatly simplifying the underwriting process and will lead to far quicker policy issue.

If you’d like to talk to our Protection sales team please call 0845 273 0010 (we may record and monitor calls, and call charges may vary).