Securing life insurance doesn’t have to be confusing. Read…
The questions you’ll be asked when taking out life insurance will typically require you to provide information about:
The above isn’t an exhaustive list, as the underwriting process can vary between providers, and the number of questions you’ll be asked can differ.
Life insurance is a policy that can pay out to your loved ones upon your passing, providing them with financial support to help continue their current lifestyle.
The price you pay for your cover and the options available to you will be based on how risky insurers perceive you to be.
Insurers base risk on how likely it is for a claim to be made and they do this by asking certain questions during the application process.
Answering a life insurance questionnaire can seem like a daunting process, but it doesn’t have to be.
At Reassured we can remove any hassle by helping you through each step of the application.
We can take your personal circumstances into consideration and provide you with your most suitable quotes, free of charge, from our panel of top UK insurers. Simply get in touch to get started.
Keep reading to find out typical life insurance questions that you’ll be asked…
Before securing cover there are some questions you can ask yourself to ensure that life insurance is the right option for you:
Alternatively, when contacting a life insurance broker (like Reassured), a friendly member of the team can go through these questions with you and provide you with all the information you need to know to make an informed decision.
Why not get started by using our handy life insurance calculator? By adding up your financial commitments you can get an idea of how much cover you’re likely to require.
The number of questions you’ll be asked during a life insurance application can vary.
This is because each provider will have a different underwriting process (underwriting refers to when insurers look at different factors to assess the level of risk you pose).
The common life insurance questions you’ll be asked can be broken down into six different categories:
1. Basic information
You’ll be asked for your:
2. Health and wellbeing
You’ll be asked about:
You’ll be asked whether you:
You’ll be asked whether you:
5. Smoking, alcohol and drugs
You’ll be asked if you:
You’ll be asked if you’ve:
If your answers flag anything which could be considered high-risk (such as a pre-existing medical condition, high-risk occupation, high-risk hobby, smoking or previous drug use) you’ll likely need to undergo some additional questions.
For example, if disclosing a pre-existing medical condition, you’ll likely be asked when you were diagnosed, how frequent and severe your symptoms/flare ups are and if you’re on any medication.
You may wonder why insurers need all this information, it’s simply so they can get to know your personal circumstances and assess your risk level accurately.
Having all the correct information ensures that your policy is valid when you come to making a claim.
For help and support through the life insurance application process, why not contact Reassured?
We’ve got over 14 years of experience and have helped over 1,000,000 families find the right cover.
It can be possible to secure life insurance without answering any health or medical questions.
Most commonly this is through an over 50s plan, which guarantees acceptance to all UK residents aged 50 - 85.
As acceptance is guaranteed you aren’t required to answer any questions about your health during the application.
Instead, your level of risk will be based on your age and sum assured. Some providers will also require you to provide your smoking status.
For this reason, an over 50s plan is an ideal option for those within this age range who have previously struggled to secure life insurance due to poor health.
To compensate for the unknown risk you pose, insurers tend to offer a lower sum assured, usually a maximum of £20,000 (depending on your personal circumstances and budget), compared to £1,000,000 with traditional life insurance).
There will also likely be a waiting period added to your policy. This refers to the first 12 or 24 months of your policy where, if you pass away due to natural causes, no pay out will be made.
However, any premiums you’ve paid during this time will be refunded to your loved ones and most insurers will offer full accidental death cover during this time.
Over 50 life insurance through Reassured starts from just 20p-a-day + . Why not get in touch for your free quotes?
Providing incorrect details or withholding information on a life insurance application is known as non-disclosure.
It’s a form of insurance fraud and, if discovered, can lead to a pay out being denied to your loved ones.
Completing a life insurance application accurately is crucial in ensuring that your loved ones receive a pay out when the time comes (and your selfless investment doesn’t go to waste).
Insurers are here to help so, if you’re worried about disclosing a certain medical condition or lifestyle choice, rest assured there will be no judgement.
At Reassured, our friendly and professional team can support you through the application step by step.
Simply get in touch to start your journey.
Since the start of the Coronavirus pandemic, insurers have added some Covid-19 specific questions to the application process.
At the height of the pandemic there was a more extensive questionnaire. Now, although it can vary between providers, it’s more likely you’ll simply be asked:
This is to ensure that Covid-19 is not present at the time of taking out cover.
If you’ve experienced symptoms of, or have tested positive for, Covid-19 within the 30 days prior to applying, rest assured you won’t be declined.
What’s likely to happen is that your application will be postponed until you’ve made a full recovery and insurers are certain that Covid-19 is no longer present.
It’s a common misconception that life insurance won’t pay out for Coronavirus, but this isn’t true.
In fact, in 2021, Covid-19 was Aviva’s third most common reason for a life insurance claim (with around 2,000 claims) - totalling £68.5 million.
What are the four life types of life insurance?
There are four common types of life insurance, these include:
Reassured can help you compare all of the above policy types, allowing you to find cover that really meets your needs.
Can I have two life insurance policies?
Yes, it’s possible to have multiple life insurance policies.
However, please note, you’ll be required to pay separate premiums for each policy.
Can I get money back if I cancel my life insurance?
It can be possible to get money back when cancelling a life insurance policy.
Most providers have what’s known as a ‘cooling off’ period. Typically, this is 30 days from the start date of your policy or when you received your policy documents.
If you cancel within the 30 day cooling off period, you can receive a refund of the premiums you’ve paid.
However, if you decide to cancel at any point after this time, you’ll no longer be eligible for a refund.
What happens if I outlive my term life insurance?
If you outlive your term life insurance policy, the cover will simply expire.
Once your policy has expired any claims made on the policy won’t be successful.
If your policy has expired, it’s wise to take out a new policy to ensure your loved ones are still protected.
Contacting a broker, like Reassured, can allow you to find the most suitable policy for your new circumstances.
Can you be turned down for life insurance?
Although it’s rare, occasionally insurers will need to deny a life insurance application.
Being denied for life insurance typically occurs when the risk is too great to the insurer. For example:
Being denied life insurance is uncommon and, even if high-risk factors are flagged on your application, it can still be possible to secure cover.
Reassured have a dedicated impaired life insurance team who are on hand to help non-standard applicants secure some form of cover.
Do I really need life insurance?
Whether you need life insurance or not is ultimately a personal decision.
If you have anyone that depends on you financially, or any assets you wish to protect, then life insurance could be beneficial in securing the financial future of your loved ones.
The questions outlined in this article can help you to make a decision as to whether life insurance is right for you.
Alternatively, why not contact Reassured? We can provide you with all the information you need to make a fully informed decision.
Comparing life insurance quotes is essential in finding the right life insurance policy to meet your needs, at the right price.
Reassured can help you compare quotes from some of the UK’s best life insurers.
A friendly member of our team can help you through each step of the application and guide you through the life insurance questionnaire.
If you have any questions about life insurance, our friendly team will also be more than happy to help.
Simply get in touch to find out what options are most suitable for your circumstances. All quotes are personalised, fee-free and no-obligation.
The best part is that life insurance through Reassured starts from just 20p-a-day. So why not get in touch?
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Very professional and reassuring. Life insurance sorted in about 10 minutes.Stephen Davies
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Another happy customer I am. They are very professional and kind. Fully communicative. I recommend.Piotr Stepien
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Very happy and everything explained well, so glad a took the time to take the call, normally I would say I'm busy. But compared to other company's we save so much more money.Jenny Berry