Questions And Answers

Why do I need life assurance?

There are many reasons why you might want to take out life assurance. It might simply be to ensure your family is provided for when you die, especially if you are the main breadwinner. If you have a large debt or, for example a significant interest in a business, life cover will usually be compulsory. It’s compulsory with many mortgages and large companies may require key man cover for their directors.

How can Partnership offer cover to people who have been declined elsewhere?

Most standard insurance providers have a maximum ‘loading’ that they are willing to accept after they carry out their assessments of the applicant’s health. If the applicant doesn’t meet the standard criteria they will be declined or, in some cases, offered impractically high terms. Partnership specialises in taking on people with health conditions that are generally expected to reduce their life expectancy. Given the nature of our business we are able to accept loadings that far exceed those available through standard providers.

How do you work out the costs of the premiums?

In simple terms, we charge you a premium that accurately reflects the degree of risk your policy would present to us. In other words, the more likely we are to have to pay out, the higher the premium, so the more severe your health condition, the higher your premium will be.

What medical information will I have to provide?

In the first instance you must complete an application form on which you should provide as much information as possible about your medical history. We will be able to issue your policy on the basis of the information you provide.

Depending on your age, health, gender, the sum you wish to assure and the information you provide on your application form, we may seek additional medical information from your GP to support your policy.

How long does the whole process take?

If we require a General Practitioner’s report, this usually takes around two weeks from illustration to quote.

Why does it take so long to process a non-standard case?

Partnership can medically assess clients’ applications within 48 hours. However, given that we are often reliant on external parties, such as General Practitioners, this can delay the process.

How do I apply??

You should speak to your Financial Adviser in the first instance. If you do not have an adviser you can find one here. Financial Advisers can visit the adviser section of the website here for further information and to download application forms

What commission rates do you pay?

Due to the complexity of the commission rates in this area, Financial Advisers should call our Protection Team for more information on 0845 108 7237, selecting option 3.