Is this normal procedure

moneybags_3

I have no Life/Term Insurance as I surrendered an endowment. I was seeking to take out life cover and was quoted a monthly premium. However, I was asked to complete a direct debit prior to being accepted for the cover - I have various medical complaints so I could be rejected or the cover might be higher than the quote.

Is it normal procedure to be asked to complete the direct debit and return it to the person dealing with the application prior to being accepted for cover. :-/

Mortgage_Master

Hi,

Yes this is normal.

If your premium is loaded due to your medical history then they will write to you asking you to sign a letter agreeing to their new terms.

moneybags_3

Thanks

dunstonh

You may want to check with your broker why they are not submitting the application online. A couple of the cheaper providers offer better rates for online submission. Online submissions dont require a mandate to be completed.

It could be that someone like bright grey came out cheapest and they dont have online submission but legal and general, friends provident and others do.