Is the price I’m quoted the price I pay?

• Not necessarily. The premium you pay will depend on the information you supply on your full application form.
• Around 88% of people who apply for Life Insurance will qualify to pay the initial quoted price.

To give you an online quotation, an insurance company or broker has to make some assumptions. Here’s what they assume - that you’re generally in good health for your age, you don’t have a job that represents a risk to your health, your blood-line family doesn’t have a history of hereditary ill-health and you don’t follow dangerous pursuits or regularly visit countries with known health issues.

When you complete an application form you’ll need to include this kind of detail about yourself and the Insurance Company will follow this up with requests for more information if there is an indication of an increased level of risk. They may also ask more questions if you are asking for a large sum to be insured.

So the final price may need to be higher than the quote in about 12% of cases. But it’s worth remembering that just because an Insurance Company asks for more details, or even a medical, it doesn’t necessarily mean that they’ll charge you more.

And remember, there are no hidden extras. The Life Insurance premium is the only cost to you.

Please note : The information contained within the FAQ section has been written by Mortgage Protected Online

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