If you’re asked to supply more information or go for a medical, will the premium increase?

No, not necessarily. If you’re asked for more information or to have a medical it does not automatically follow that your premium will increase. To put this in context, in our experience 88% of people who apply for life insurance qualify for the price first quoted.

STEP 1 of 2
Type of cover
Life Insurance       Mortgage Life Insurance
 
Cover Level (£)

Number of years
Do you want:  
Critical illness cover
Family income benefit
 

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Will your premiums increase?
It depends upon whether you have a “Reviewable” or “Guaranteed” policy.
If you’re asked to supply more information or go for a medical, will the premium increase?
No, not necessarily. If you’re asked for more information or to have a medical it does not automatically follow that your premium will increase. To put this in context, in our experience 88% of people who apply for life insurance qualify for the price first quoted.
Could you end up paying more for insurance than someone else the same age?
Yes you might, because your age is only one of many aspects the insurance company takes into account when determining your premium.
Why is Mortgage Life Insurance cheaper than normal Life Insurance?
Mortgage Life Insurance is a particular type of insurance designed specifically for people with a repayment mortgage.
Will you need a medical?
The answer really depends upon your medical history.
The insurance company assumes that you’re in good health for your age, your occupation does not represent a risk to your health, your blood-line relatives do not have a history of hereditary ill-health, you do not follow dangerous hobbies or regularly visit countries with known health problems and you have a generally healthy lifestyle.

If any of these assumptions are wrong, then they will want more information from you. They may also ask for more information if you are applying for a large amount of insurance. We think that this reasonable as you insurer needs to know what level of risk you represent in order to decide whether their original quotation can stand.

If the insurance company asks for more details, or for you to have a medical, it doesn’t necessarily mean that they will want to charge you more. It is quite common for the insurance company to ask for more detail but, in our experience, 88% of people who apply for life insurance still qualify for the initial price quoted.

Frequently Asked Questions related to the above topic.
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