Will you need a medical?

The answer really depends upon your medical history.

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
 

Hot Topics

If my premium is “Rated”, what does that mean?
If your premium is “Rated” it means that the insurance company will only agree to insure you if you pay a higher premium than the one they originally quoted. This happens because, following receipt of your Application and any follow-up information they required, the insurance company believes you to represent an above average risk. (In extreme situations they will simply decline to insure you.)
If your insurer asks for a higher premium because you are Rated, is it worth applying to another insurance company?
We do not think so. Why? Read on.
Does your age affect your premium?
Yes, your age is one of the most important aspects that determines your premium. (Other important aspects include the level of cover you want, whether you are male or female, whether you are a smoker, your occupation and health record.)
What correspondence can you expect to receive after your Application has been submitted?
It all depends upon what complications arise from the details on your Application.
Information about The Financial Services Authority
Who is the Financial Services Authority? (FSA)
After you have received your quotation it is up to you if you want to make an application. Within the Application Pack you will find an Application form from your proposed insurer which you will have to complete. This form will contain questions about you health both past and present and, indeed, a few questions about your mother and father’s health record.

From your answers, the Insurance Company will decide whether it requires more information about your health. If the insurer does require more information, they are most likely to write, with your approval, to your GP for further information. Dependent upon your health or what your GP reports, the Insurance Company may also decide that it needs a second opinion or an up to date assessment of your health. If this is the case, they will ask you to have a medical.

A medical can take either of two forms; a short visit to your home by the insurers medical representative or a more, in depth, assessment at Doctors/Consultants consulting rooms. In either case, the whole cost of the medical is met by the Insurance Company.

You should know that the medical report is the property of the Insurance Company and you will not have access to its’ conclusions. However, if anything of concern is identified, the Insurer or Doctor will normally let you know.

Finally, we should remind you that you should always be totally truthful when you complete your Application form. If you do not disclose anything they ask you about, or are “economical with the truth”, then any subsequent claim will be invalidated.

Frequently Asked Questions related to the above topic.
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