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Residency and Travel

Residency and travel are important risk factors which may influence our acceptance terms.

 

Residency

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.

Summary

  • 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.

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Scottish Widows Limited. Registered in England and Wales No. 3196171. Registered office in the United Kingdom at 25 Gresham Street, London EC2V 7HN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 181655.

Scottish Widows Unit Trust Managers Limited. Registered in England and Wales No. 1629925. Registered Office in the United Kingdom at Charlton Place, Andover, Hampshire SP10 1RE. Tel: 0345 300 2244. Authorised and regulated by the Financial Conduct Authority. Financial Services Register number 122129.

HBOS Investment Fund Managers Limited, registered in England number 941082. Registered office in the United Kingdom at Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority. Financial Services Register number 119223.

Scottish Widows Bank is a trading name of Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales, no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278.

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