With regards to life insurance, a deferred application and referred application are often used interchangeably.
If your application is deferred/referred by an insurer, it generally means that the application has been put on hold whilst more information is gathered.
This could involve accessing your medical records so that your risk can be fully assessed, awaiting recovery from a recent surgery or medical investigation, or if you have recently been diagnosed with an illness and time is needed to determine how the condition will progress.
In 2020, the number of referred life insurance applications has increased by 8% and is likely to be a result of the recent COVID-19 pandemic.
Many life insurance providers have incorporated Coronavirus focused questions into their applications, meaning that it's likely applications are being deferred for a specific period of time until any associated symptoms have been overcome.
At Reassured, we compare quotes from market-leading providers and can suggest who is most likely to accept your application.
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