Underwriting Of Insurance Policies
Regardless of whether you have chosen to take out an insurance policy for Critical Illness together with Life insurance, or Decreasing Life Insurance Critical Illness Cover on its own an insurance provider will need to underwrite your application.
Every insurance company is different but typically they use the same sort of underwriting guidelines to come to a fair decision on every application submitted to them.
These tend to be based upon the applicant’s occupation, their sex, their build (as in height and weight), any medical history that they may have had whether it be past or present, family history again based on past and present and the type and amount of cover that they have chosen. If you have chosen to take out a high level of cover this will undoubtedly make your monthly premiums higher and will generally require more thorough underwriting both medically and financially form the insurance provider you have chosen.