Frequently Asked General Questions

Questions about Prices & Premiums

• Why are the insurance prices on the Internet so low?

  Hot Topics

  The following might help you decide how much cover you need.

  How much would you need to repay your mortgage, overdraft, loans or any credit card balances? The freedom that comes from being debt free does wonders for recovery

  What decisions will you have to make before you can get a quotation?

  You will have to make four decisions:

  Why, when you only want Critical Illness cover, should you consider combining it with Life Insurance?

  Two good reasons: You are likely to save money! And if you died within the survival period (see below), the claim would still be paid under the terms of your Life Insurance.

  Can You Include Your Children On A Critical Illness Policy?

  Yes. Most insurers will automatically include children on your policy.

  How much does the critical illness cover cost?

  The cost of a Critical Illness policy depends on the amount of cover you need, your personal details (especially your health and age) and the optional extras you select.

• How much will the premium be?
• Is the price you’re quoted, the price you pay?
• Will your premiums increase?
• Is it better to have Guaranteed or Reviewable premiums?
• If you’re asked to supply more information or go for a medical, will the premium increase?
• Could you end up paying more for insurance than someone else the same age?
• Will your medical history affect your premium?
• Why is insurance more expensive for smokers?
• If your premium is “Rated”, what does that mean?
• If your insurer asks for a higher premium because you are Rated, is it worth applying to another insurance company?
• Are there any extras to pay?
• Do you have to pay the Life Insurance Broker a fee?
• Will your Mortgage Lender charge a fee if you buy your Life Insurance from someone else?
• Why is Mortgage Life Insurance cheaper than normal Life Insurance?

Your Age & Health

• Does your age affect your premium?
• Will you need a medical?
• Is a medical absolutely necessary?

The Application Process

• Can you get a quotation now online?
• Can life insurance be arranged quickly?
• What causes delay and can delays be reduced?
• What correspondence can you expect to receive after your Application has been submitted?
• What happens if you urgently need Life Insurance in order to complete your house purchase?
• Once you’ve got your quote, what’s the next step?
• When does your cover start?
• What happens if you stop paying your premiums?

Making a Claim

• How do you go about making a claim under your policy?
• Can a claim still be made if the policy is lost?
• Under what situations would a claim be refused?

Questions about legal, complaints & regulatory aspects Life Insurance and the Law

• What does a Life Insurance broker do?
• Information about The Financial Services Authority
• Complaining about a Life Insurance Company
• Complaining about a Life Insurance Broker
• Complaining about misleading advertising

-- Please Note --
This web site is owned by Andromeda Webs Ltd. Andromeda Webs Ltd, is an Appointed Representative of Web Publishing House Ltd. Web Publishing House Ltd is authorised and regulated by the Financial Services Authority for insurance mediation.