Does any of this apply to me?
Is your existing policy still suitable for your needs?
Official figures from the Association of British Insurers showed that tens of thousands of life insurance and critical illness policies did not need to pay since 2014 leaving thousands of people who were blissfully unaware that there was something wrong with their policy. This left them completely unprotected at the most crucial time.
If your policy is no longer suitable, deemed to be void or doesn’t cover you for what you need it to, discovering this at time of a claim can be extremely distressing. Once a claim is made it is,unfortunately, too late to rectify any problems.
Below are some scenarios, but not all, where a policy could be deemed invalid and the insurer may not be obliged to pay out.
- spelling mistakes on policies
- incorrect information
- non disclosures at point of sale
- changes of circumstances
- failure to inform an insurer of a high risk activity
How can I be sure if it definitely concerns me? Question: Have your circumstances changed since arranging your existing protection policies? Answer: It may be that your existing protection cover is no longer suitable for your needs. If your circumstances or the policies available have changed more suitable products may be available. The adviser that we introduce to you can review your existing policies to ensure that your policy still meets your protection requirements. The adviser aims to understand your needs fully and offer recommendations appropriate to your current situation.
Why should I get it checked?
Do you honestly understand all of the small print on your existing policy?
Some customers may believe that all protection options are exactly the same, however, terms and conditions vary between providers.
Some customers may not even fully understood their policy and may not have read the fine print or understand certain exclusions.
It’s the important to fully understand the terms and conditions of any policy to ensure you have appropriate cover in place.
We can arrange a protection review to ensure your current cover is suitable for your circumstances.
Why review my policies now?
Which situation would you honestly prefer?
Some customers we speak to for one reason or another do not fully understand their policy – some were not shown all of the options available, some might have not been interested as they do not deal with it within the family, some were not given a review that represents the whole of protection market.
How do these customers know for sure that they were sold the correct policy for their personal needs? Were they given all of the options which represent a whole of market major insurers point analysis?.
Also as with every service or product, circumstances change, companies change, levels of cover available can change therefore policy holders could be offered more extensive cover with less exclusions for a similar or cheaper price.
The best way you for you to find this out is by getting your policy checked, to find out exactly where you stand, and have complete peace of mind. Don't become one of the tens of thousands of beneficiaries that feel let down because of something not being correct from the outset.
Do I really need a review as my protection has been reviewed by my financial adviser, insurance company, bank, or mortgage adviser?
We would not dream of telling people they need to use this free service, we simply provide you with an opportunity to have a free protection review.
A review can identify whether you have the most suitable protection in place.
So the question really is: would you prefer to find out whether your protection needs are fully covered now or later, when you need to make a claim?