Residency and travel are important risk factors which may influence our acceptance terms.
Our general rules for residency are as follows:
For personal protection policies, the life assured and policy owner must both be habitually resident in the UK (excluding the Channel Islands and the Isle of Man) and have a UK bank account.
We may consider Life Cover only if the life assured is on a short term working contract abroad for up to 2 years. Your client needs to maintain a UK bank account and address. They need to have intentions to return to the UK when the contract finishes. The country of residence will also need to be assessed.*
For business protection the employer and/or firm (policy owner) must be legally set up in the United Kingdom (excluding the Channel Islands and the Isle of Man) with a UK bank account. The life assured may be based overseas. The country of residence will need to be assessed along with the ability to obtain any necessary medical evidence.*
*Please contact our underwriters to discuss these types of applications before you submit the application.
For past travel
We’ll base our risk assessment on identifying considerable past travel to countries that have a high prevalence of HIV and Hepatitis. Any past travel to Africa, Thailand or the Caribbean for more than three months in the last five years will be referred to our underwriters for individual assessment. We’ll need to know which countries have been visited, which in turn may result in an HIV and/or a hepatitis test. Where a test is required, we can't offer terms before this.
For future travel
We’ll base our risk assessment on identifying any future travel to countries that are deemed high risk. High risk is determined by general political, social and economic infrastructure, together with the specific risks presented by crime, kidnapping, terrorism, accident and the quality and availability of medical services. Most cases will need to be assessed on an individual basis.
- All holidays for less than 30 days do not need to be disclosed
- Temporary travel to European Union, USA, Canada, Australia and New Zealand can be ignored
- Travel for more than 6 months a year will mean Critical Illness Cover/Total Permanent Disability/Premium Protection is declined
- We can consider short-term working contracts up to 2 years for Life Cover only. Your client needs to maintain a UK bank account and address. They need to have intentions to return to the UK when the contract finishes. The country of travel will also need to be assessed
- For the purposes of mortgage cover only, Armed Forces travel is acceptable, unless they are under orders in the next 12 months.