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What is underwriting

Underwriting is the process insurance companies use to work out whether they can insure you, how much they can cover you for, and how much you’ll need to pay in premiums. During underwriting, your adviser may ask you a number of health and lifestyle questions, such as your height and weight, whether or not you smoke, and any illnesses or medical conditions you may have or have had. They may also ask you about your job, pastimes and income details. If you’re in good health and don’t have a risky job or risky pastimes, you’ll generally be accepted for cover. If you have any health or lifestyle risks, there is a chance that the insurer may not be able to offer you the cover you were after. It is important that you answer any underwriting questions truthfully, otherwise any claim you make in the future may be reduced or declined altogether.