Holloway Friendly has launched an online underwriting process allowing protection advisers to write short term income protection business 'in minutes.'
The online underwriting process allows advisers and their customers to apply for short term income protection benefits of up to £34,000p.a. without triggering any automatic medical limits that can result in delays caused by GP reports and medical evidence being requested. In addition, Holloway Friendly have introduced "more tolerant" BMI tables resulting in quicker and fairer outcomes for applicants. Holloway told COVER that it now "accepts higher height to weight ratio on standard terms and our loadings for high BMI's are competitive. "For example on our Short Term Income Protect...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.