Not only will the needs of each and every client who needs a protection policy differ, but advisers also have to factor in the different underwriting processes of providers...
Aegon UK has put together a list of advisers' ten most frequently asked questions, and offered its answers*. 1. How do you underwrite diabetes? Decisions can vary from standard rates to decline depending of the duration of the condition, control and any complications. Ratings for Type 1 diabetes will always be higher than for Type 2. Example: A 49-year-old man who has had type 2 diabetes for four years but keeps it under good control with no complications. Outcome: Ordinary rates for life cover for a ten year policy term. 2. What is your armed forces philosophy? Decision wil...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
