What are your underwriting limits?

Underwriting limits

Our financial and medical underwriting limits are among the highest in the market and our routine medical evidence limits are extremely competitive.

The limits below are a guide to the minimum medical and financial evidence that we’ll ask for. When we receive an application, or any medical or financial evidence, we’ll let you know if we need anything else. We may change these requirements and limits at any time.

Throughout this section, we use the following abbreviations. The notes apply to all the benefits.

GPR – General practitioner’s report

MIN – Mini-screening

NSE – Nurse screening examination

MER – Doctor medical examination

FBP - Full blood profile (fasting)

FLI – Fasting lipids

XCG – Exercise ECG

IPS – Income protection nurse screening

PSA – Prostate Specific Antigen (male lives only)

COT (NS) – Cotinine test for non-smokers

  • If separate life protection and critical illness (CI)/total permanent disability (TPD) benefits are selected, we’ll need medical evidence based on the total CI/TPD amount.
  • We’ll need HIV tests for all applications where the benefit amount is more than £1.5 million and the insured person is under age 60.
  • For life protection cases over £10 million, please refer to our underwriters.
  • For family income benefit, the benefit amount used for medical evidence requirements is calculated as follows: yearly benefit x term x 0.67.

Medical evidence required

Life protection

Age next birthday

Evidence required

Application only

MIN
COT (NS)
MIN
COT (NS)
GPR
GPR
MER
COT (NS)
FLI
GPR
MER
COT (NS)
FBP
GPR
MER
COT (NS)
FBP
XCG

Up to 30

£1
to
£750,000

£750,001
to
£1,500,000

£1,500,001
to
£3,500,000

£3,500,001
to
£5,000,000

£5,000,001
to
£10,000,000

£10,000,001
and above

31 - 35

£1
to
£750,000

£750,001
to
£1,000,000

£1,000,001
to
£3,500,000

£3,500,001
to
£5,000,000

£5,000,001
to
£10,000,000

£10,000,001
and above

36 - 40

£1
to
£650,000

£650,001
to
£1,000,000

£1,000,001
to
£3,500,000

£3,500,001
to
£5,000,000

£5,000,001
to
£7,500,000

£7,500,001
and above

41 - 45

£1
to
£500,000

£500,001
to
£1,000,000

£1,000,001
to
£2,500,000

£2,500,001
to
£5,000,000

n/a

£5,000,001
and above

Age next birthday

Evidence required

Application only

NSE
COT (NS)

NSE
COT (NS)
GPR

GPR
MER
COT (NS)
FLI

GPR
MER
COT (NS)
FBP
XCG

46 - 50

£1
to
£425,000

£425,001
to
£600,000

£600,001
to
£2,000,000

£2,000,001
to
£4,000,000

£4,000,001
and above

51 - 55

£1
to
£300,000

£300,001
to
£400,000

£400,001
to
£1,500,000

£1,500,001
to
£3,000,000

£3,000,001
and above

Age next birthday

Evidence required

Application only

GPR

NSE
COT (NS)
GPR

GPR
MER
COT (NS)
FBP

GPR
MER
COT (NS)
FBP
XCG

56 - 60

£1
to
£200,000

£200,001
to
£250,000

£250,001
to
£1,000,000

£1,000,001
to
£2,000,000

£2,000,001
and above

61 - 65

£1
to
£100,000

£100,001
to
200,000

£200,001
to
£500,000

£500,001
to
£1,500,000

£1,500,001
and above

Age next birthday

Evidence required

Application only

GPR

NSE
COT (NS)
GPR

GPR
MER
COT (NS)
FBP
PSA (males)
GPR
MER
COT (NS)
FBP
PSA (males)
XCG

66 - 70

£1
to
£50,000

£50,001
to
£100,000

£100,001
to
£350,000

£350,001
to
£1,000,000

£1,000,001
and above

71 - 75

£1
to
£50,000

£50,001
to
£100,000

£100,001
to
£300,000

£300,001
to
£1,000,000

£1,000,001
and above

76 - 80

£1
to
£25,000

£25,001
to
£75,000

£75,001
to
£250,000

£250,001
to
£1,000,000

£1,000,001
and above

81 and above

n/a

£1
to
£75,000

n/a

£75,001
to
£1,000,000

£1,000,001
and above

Critical illness (CI) protection/Total permanent disability (TPD)

Age next birthday

Evidence required

Application only

MIN
COT (NS)

MIN
COT (NS)
GPR

GPR
NSE
COT (NS)
FLI
GPR
MER
COT (NS)
FBP
GPR
MER
COT (NS)
FBP
XCG

Up to 30

£1
to
£475,000

£475,001
to
£750,000

n/a

£750,001
to
£1,500,000

£1,500,001
to
£3,000,000

£3,000,001 and above

31 - 35

£1
to
£450,000

£450,001
to
£750,000

n/a

£750,001
to
£1,250,000

£1,250,001
to
£3,000,000

£3,000,001 and above

36 - 40

£1
to
£425,000

£425,001
to
£600,000

£600,001
to
£750,000

£750,001
to
£1,000,000

£1,000,001
to
£3,000,000

£3,000,001 and above

41 - 45

£1
to
£350,000

£350,001
to
£450,000

£450,001
to
£550,000

£550,001
to
£750,000

£750,001
to
£2,000,000

£2,000,001 and above

Age next birthday

Evidence required

Application only

NSE
COT (NS)

GPR
NSE
COT (NS)

GPR
NSE
COT (NS)
FLI
GPR
MER
COT (NS)
FBP
GPR
MER
COT (NS)
FBP
XCG

46 - 50

£1
to
£275,000

£275,001
to
£350,000

£350,001
to
£500,000

£500,001
to
£750,000

£750,001
to
£2,000,000

£2,000,001
and above

Age next birthday

Evidence required

Application only

GPR

GPR
MER
COT (NS)
GPR
MER
COT (NS)
FBP
GPR
MER
COT (NS)
FBP
XCG

51 - 55

£1
to
£150,000

£150,001
to
£300,000

£300,001
to
£500,000

£500,001
to
£750,000

£750,001
and above

Age next birthday

Evidence required

Application only

GPR

GPR
MER
COT (NS)
GPR
MER
COT (NS)
FBP
PSA (males)
GPR
MER
COT (NS)
FBP
PSA (males)
XCG

56 - 60

£1
to
£150,000

£150,001
to
£250,000

£250,001
to
£500,000

£500,001
to
£600,000

£600,001
and above

61 - 65

£1
to
£75,000

£75,001
to
£150,000

n/a

£150,001
to
£500,000

£500,001
and above
66 & above

n/a

£1
to
£100,000

£100,001
to
£150,000

£150,001
to
£300,000

£300,001
and above

Income protection

All deferred periods

Amounts are shown as yearly benefits

Age next
birthday

Evidence required

Application
only

IPS

COT (NS)

GPR
IPS
COT (NS)

GPR
MER
COT (NS)
FBP
HIV

Up to 40

£1
to
£36,011

£36,012
to
£42,011

£42,012
to
£60,011

£60,012
and above

41 to 45

£1
to
£30,011

£30,012
to
£36,011

£36,012
to
£60,011

£60,012
and above

Age next
birthday

Evidence required

Application
only

GPR

GPR
IPS
COT (NS)
GPR
MER
COT (NS)
GPR
MER
COT (NS)
FBP
GPR
MER
COT (NS)
FBP
HIV

GPR
MER
COT (NS)
FBP
HIV
XCG

46 to 50

£1
to
£24,011

£24,012
to
£30,011

£30,012
to
£54,011

n/a

£54,012
to
£60,011

£60,012
to
£74,999

£75,000
and above

51 to 55

£1
to
£18,011

£18,012
to
£36,011

n/a

£36,012
to
£54,011

£54,012
to
£60,011

£60,012
to
£74,999

£75,000
and above

56 to 60

£1
to
£12,011

£12,012
to
£18,011

n/a

£18,012
to
£54,011

£54,012
to
£60,011

£60,012
to
£74,999

£75,000
and above

Financial underwriting

This covers applications for key person protection, partnership and share purchase arrangements. If separate life protection and critical illness (CI) protection benefits are selected, and each has total permanent disability (TPD) attached, we’ll need medical evidence based on the total TPD amount.

Business protection

Life protection

CI/TPD protection

Requirements

Up to £1,500,000

Up to £850,000

We don’t normally require a financial questionnaire

£1,500,000 to £3,500,000

£850,000 to £2,000,000

Business protection financial questionnaire

Over £3,500,000

Over £2,000,000

Business protection financial questionnaire
Copy of the loan agreement
Last two years’ audited company accounts
Copy of the valuation report

Executive income protection

Application only

Independent financial evidence required, such as
payslips/P60/tax assessment/accounts (from)

Up to £60,000 a year

£60,001 and over a year

Key person income protection

We need key person income protection questionnaires for all cases.

Personal protection

If separate life protection and critical illness (CI) protection benefits are selected, and each has total permanent disability (TPD) attached, we’ll need medical evidence based on the total TPD amount.

Life protection

CI/TPD protection

Requirements

Up to £1,500,000

Up to £750,000

We don’t normally require a financial questionnaire

£1,500,001 to £3,000,000

£750,001 to £1,000,000

Financial questionnaire

Over £3,000,000

Over £1,000,000

Financial questionnaire
Evidence of earnings

Over £3,500,000

Over £1,500,000

Financial questionnaire
Evidence of earnings
Copy of main residence mortgage offer

Term insurance - Inheritance tax (IHT) mitigation

Benefit amount

Evidence required

Up to £2,000,000

We don’t normally require a financial questionnaire

£2,000,001 to £3,000,000

Financial questionnaire

Over £3,000,000

Financial questionnaire
Copy of tax planning exercise

Whole of Life - IHT mitigation

Term insurance - Gift inter vivos (GIV)

Benefit amount

Evidence required

Up to £3,000,000

We don’t normally require a financial questionnaire

£3,000,001 to £10,000,000

Financial questionnaire

Over £10,000,000

Financial questionnaire

Copy of the inheritance tax planning exercise 

Personal income protection

Application only

Independent financial evidence required, such as payslips/P60/tax assessment/accounts (from)

Up to £60,000 a year

£60,001 and over a year