Current Underwriting Practices

In processing an insurance proposal from our brokerage, on behalf of a client, the medical and financial requirements of the underwriters will vary from case to case, depending on a combination of the following factors: 
1. The age of the client
2. Disclosed medical conditions
3. Height and weight of the client
4. The levels of benefit proposed
5. Medical history of immediate family 

In addition, depending on the type of cover required, financial information may also be required and may comprise: 
1. Evidence of current income
2. Details of current mortgage
3. Copies of past financial accounts
4. Details of loan agreements, personal guarantees 

Once we are notified by the underwriters as to what their medical requirements are, we liaise with the client over blood tests required, reports required from the G.P., or any extra requirements that may occur if a specialist medical is required, including x-rays, ECG or any other diagnostic procedures. Usually, all these costs are paid for by the insurance company, but they do not pay for the costs of producing any financial evidence, which may be required. Click here to obtain more information on  Underwriting Companies.