Information Gathering
- Information provided by client or advisor by telephone, signed fax or secure (encrypted) email
- Information that needs to be provided by the client and must be signed and dated
Information provided by client or advisor by telephone, signed fax or secure (encrypted) email
- Policy start date
- Acceptance of adverse terms (ratings, exclusions etc.)
- Any information from the “About you” section (other than smoker status, number of cigarettes smoked each day, hazardous pursuits, date of birth and residence abroad)
- Premium frequency
- National Insurance Number (agents)
- Mortgage or loan details / lenders name
- Reason for policy
- Decreases in sum assured
- Any increase in sum assured* (A declaration of health is required for sum assured increases exceeding 10% of the original sum assured and all increases exceeding £30,000. Any increases less than £10,000 do not require a DOH)
- Reductions in policy term
- Increase in policy term (Declaration of health is required if the term is increased by more than five years)
- Confirmation that Critical Illness Cover (CIC)/Terminal Illness Cover (TIC)/ waiver/indexation/conversion/guaranteed or reviewable premiums required but not if declined as a result of underwriting*
- Verification of bank account details
- Sum assured/term**
- Confirmation of own occupation or Functional Assessment Tests (FATs) definition
- Confirmation of Level / Decreasing Term Assurance
- Confirmation of the deferment period (for Income Protection Benefit [IPB] and Mortgage Payment Insurance [MPI])
If the information is missing from the application form, but is used in an attached quote, we will not ask for confirmation, but simply take the information from the quote
*If the correct underwriting questions have not been answered, signed and dated confirmation from the client is required
**If there is no other indication of the correct sum assured or term in the application signed and dated confirmation from the client is required
Information that needs to be provided by the client and must be signed and dated
A fax can be accepted.
- Signature(s), including ownership of benefits
- Smoker status / number of cigarettes smoked each day
- Height and weight details
- All medical information
- Hazardous pursuits
- Travel / residence abroad
- Financial evidence
- Removing a life from a new business application (if one life is declined only the signature of the accepted life is required, if one life is postponed the signature of the accepted life or the advisor is required)
- Removing Critical Illness Cover (CIC) from a new business application following CIC’s declinature as a result of underwriting
- Date of birth (documentary evidence is not required)
- Occupation / Occupational tasks
- Mortgage Payment Insurance (MPI) employment details and related questions
