New Improved Underwriting Limits
Our newly enhanced underwriting limits mean a higher number of your clients’ income protection applications will be processed without requiring additional medical evidence.
| Increased Limits | We have increased our limits across our age bands from 18 – 55 (where most people buy income protection) |
| Reduced automatic requirement for Nurse Medicals in the key age bands | For example, for an applicant aged between 36 and 40, the automatic requirement for an NME is now set at €60,000, up from a previous limit of €52,000. |
| Simplified the age band/benefit categories | For example, we have combined the age groups 18-35 and 36-40 into one category |
| Removed the automatic requirement for Stress ECGs | We’ve replaced this with a simple blood test. |
In addition to this we have made some underwriting improvements to our individual protection products across the board
Revised health questions – we’ve made changes to some of our health questions to better reflect the risk involved.
- For example: we have made an improvement to our travel question on our multiproduct application form. We are now only questioning time spent in Africa, the Caribbean and Thailand in the last 2 years.
Financial Underwriting Life Cover Limits
- We have increased the life cover limit for financial underwriting from €1.25m to €1.5m which reduces the automatic requirement for a Financial Underwriting questionnaire for all proposals below €1.5m.