April 10, 2018

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What questions will I be asked when I speak to an adviser about Life Insurance?

When you go online for a quote comparison or call us for a quote, the initial monthly premium is calculated on your age, the amount of cover you want (sum assured), length of the policy (term) and whether you smoke or vape).

However, an on-line quote is just that – a quote – it isn’t a definite offer of cover. What really matters is the premium you are offered, after your application has been assessed.

Why do monthly premiums get increased?

The monthly premium can then change, following admissions in the application due to a number of factors:

  • Occupation – is it hazardous? eg Window cleaner or deep sea diver?
  • Body Mass Index? Overweight/ Underweight?
  • Medical History
  • Family Medical History
  • Sports, pastimes and leisure activities – any hazardous sports/ hobbies?

Questions about past foreign travel to high risk/ developing countries are less likely to cause the premium to increase. But asking the question may help us to be able to warn the applicant that they may need to provide further medical evidence such as a blood test.

We try to ask as much as possible before application such as:

  • Occupation
  • Height and Weight
  • Is the applicant currently on medication.  If so, what is the medical condition?
  • Have they had any medical investigations in last 5 years.  If so, why?
  • Have they ever had a serious medical scare?
  • Family medical history

Just like you can request a female doctor, if a customer would rather discuss their personal medical details with a female adviser just ask, there are plenty to choose from at Future Proof.

Why all the questions? Our process.

When a client has a pre-existing condition, or has suffered a serious illness in the past, the first thing we do is pick up the phone. We speak to Underwriters at many of the UK’s leading Insurance companies. (The underwriter judges the risks involved and decides how much to charge for insurance). Discussing all of our client’s medical history helps us to identify the best company to apply to. This also means we avoid applying to companies who will end up being too expensive or worse, decline an application. By completing our research thoroughly, we are able to avoid wasting time and obtain the best terms possible for our clients both in comprehensive cover and price.

Next steps

Whilst you are welcome to get a quote on-line we would recommend you talk to one of our advisers.

Any quote that your adviser provides you with will take into account to your circumstances, your medical history, as well as your budget!

An on-line quote is just that – a quote – it isn’t a definite offer of cover. What really matters is the premium you are offered, after your application has been assessed.

Call Freephone 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

Please feel free to read our Independent client reviews, or read about the team at Future Proof.

Call me back Take a look at our handy guides ‘What Cover is Right for me?’

Do you suffer with a medical condition and concerned you can’t secure Life Insurance?  Please view our ‘Medical Guides’ for further information.

Whilst we will make every endeavour to help someone to arrange insurance, there is no guarantee of success.  All applications are subject to underwriting.

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