Our guiding principle in relation to Financial Underwriting is: "Does it make sense?"
Through clear guidelines, expert underwriters and good communication our aim is to ensure that the financial underwriting process runs as smoothly as possible.
We now underwrite the majority of personal and mortgage covers based on the application form, where the sum assured is up to €1,250,000 life cover. This assumes personal details are satisfactory and no other cover is in force with Irish Life. If there is a need for any financial evidence, underwriting will request the minimum requirements needed. In some select cases we may require financial evidence on lower sums assured, however Underwriting will request the minimum requirements needed
From the outset, ensuring the reasons for cover are clear and how the sum assured or financial loss has been calculated, will go a long way to getting the majority of financial risks accepted.
Financial underwriting - key points we need to know
- What is the reason for the cover?
- How was the sum assured calculated?
- What are the details of the cover?
- Business cover - background note on the company and individual
We have a dedicated large case team within underwriting ready to deal with all large protection cases over €2,000,000 life cover or €500,000 specified illness cover.
We would encourage you to discuss any large protection case from the outset directly with Underwriting. You can contact underwriting by telephone on 017041888 or by email at firstname.lastname@example.org.