Aviva has overhauled its approach to large case underwriting, to make the process quicker and easier.
Advisers can now provide financial underwriting information over the phone for life cases up to £3 million and for critical illness cases up to £750k, reducing the need to complete forms manually. Aviva has also increased the limits at which it needs information beyond a financial questionnaire, while simplifying the process when extra supporting evidence is required. For life cases over £1m and up to £3m, only a financial questionnaire is called for, applications above £3m no longer need to be countersigned, applicants will be asked to provide evidence such as a P60 or loan letter. ...
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