Guides & News

When you apply for life insurance insurers are always looking for any risks that could make you more likely to make a claim on an insurance policy. This is because they want to make sure that they fully understand things like your health, travel, job and sports that you do.

For a politically exposed person (PEP) there are some additional risks in the background that insurers want to keep an eye on. I am going to explain some of the key reasons that you might have found that getting life insurance isn’t easy.

Having well controlled blood pressure does not usually cause any problems for life insurance. You can often have quite a simple application process and have terms for life insurance offered to you quickly.

When you tell an insurer that you have diabetes or pre-diabetes they are going to ask about your current HbA1C reading and when this was taken, usually the month and year.

A problem that we see some yacht crew members facing is that they don’t pay UK tax. For new income protection policies in the UK the insurer will want you to be paying UK tax. A lot of yacht crew get seafarers earning deduction and this can mean that many insurers will not be able to offer you income protection.

Just because one insurer has said that they can’t insure it doesn’t mean that all of them will say this. So if you are told no, it doesn’t mean that is a no for life insurance everywhere.

When you apply for life insurance in the UK, most insurers will ask if you have ever had cancer. This will then lead to some extra questions if you have had breast cancer. Some of these questions will be to you and some will be for your GP.

Many people living with Chrons and Ulcerative Colitis will have quite a few options for life insurance, but the key is making sure that you find the best insurer to specifically match you. This is where we standout as an adviser firm and here’s a rundown of some key bits for you.

When you take out a mortgage you are taking on a really big financial loan. This can be quite daunting and the thought of sorting out anything else at the same time can be at the bottom of your priority list. But insurance should be a key part of your financial plan.