If you’ve been declined an Income Protection Policy, it’s best to seek guidance from an independent adviser.
Firstly, you need to understand the reason for your refused application. Some underwriters will decline if they think they’d need to place too many exclusions on the plan, whereas other underwriters can be more flexible with their decision.
The Income Protection market is dynamic and changes all the time. For instance, it’s recently become possible for people with Type 2 diabetes to get cover, where previously it was difficult. Some insurers will decline diabetics outright, however, which is why it’s best to get specialist advice.
Each insurer will take a different approach to underwriting, and sometimes the cheapest insurer will apply the strictest underwriting. Therefore, it’s best to discuss your circumstances with an adviser who’ll be able to search the wider market to find a suitable policy.
At Drewberry, we look at the entire UK market for Income Protection and all of our advisers are specialists in their field. This means that they can often tell just by a description of your circumstances which insurer may be the most favourable for you and, if not, they can do extensive research to find you the right cover.
If you’re truly not eligible for Income Protection, there are some alternative options which don’t require the same level of medical underwriting. Give us a call on 02084327333 or email help@drewberry.co.uk to speak with a specialist.
When it comes to protecting yourself and your finances, you deserve first-class service. Here’s why you should talk to us:
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