Friends Provident has introduced new evidence requirements and increased the limits for financial underwriting on life cover, life cover with critical illness and standalone critical illness cover.
This will help enable more straight through processing of applications.
It now only requires financial evidence on applications for personal and business protection cases if the sum assured exceeds £600,000 for Life Cover or £350,000 for Critical Illness Cover.
Mark Jones, protection products and actuarial manager at Friends Provident, says: “Friends Provident is offering this facility online to significantly speed up the application process and make life easier for customers.”
Life insurance: News update: January 2008