Hello! I’m David Thompson, a mortgage and protection specialist and the founder of Templar Mortgages and Protection. In my role, I guide clients through the complexities of financial protection, including business and personal protection, life insurance, critical illness cover, and income protection.

A crucial step in securing these essential protection products is the full disclosure of any medical conditions and undergoing necessary assessments during the application process.

Why Full Disclosure is Essential – when applying for life insurance, critical illness insurance, or income protection, complete transparency about your medical history is vital for several reasons:

1. Avoiding Claim Declines – failure to disclose a pre-existing medical condition can lead to your claim being rejected later on. Insurers assess risk based on the information you provide; discrepancies may result in the rejection of your claim.
2. Tailored Coverage Options – by accurately sharing your medical details, insurers can offer you a policy that is specifically tailored to your individual needs, ensuring your coverage aligns with your health status.
3. Potential for Lower Premiums – being open about your medical conditions may lead to more competitive premium rates. Insurers might offer better terms if they fully understand your health situation upfront.
4. Informed Decisions About Coverage – disclosing your medical history allows you to gain insight into the protection options available to you, empowering you to make informed decisions about your insurance coverage.
5. Peace of Mind – knowing that you have disclosed your health conditions provides peace of mind. You can feel confident that your insurance policy will respond appropriately when you need it most.

What to Disclose When Applying for Protection Products – when applying for life insurance, critical illness cover, income protection, or other forms of business and personal protection, ensure you disclose the following:

1. Diagnosed Medical Conditions – such as diabetes, heart disease, or cancer.
2. Mental Health Conditions – including anxiety, depression, or bipolar disorder.
3. Past Surgeries or Treatments – even if you feel they no longer affect your health.
4. Medications – any medications you are currently taking or have taken in the past.
5. Understanding Assessments and Underwriting – most insurers will require some form of assessment, especially if you have serious or multiple health conditions.

This may include:

1. Medical Questionnaires – detailed questions regarding your medical history.
2. Consultations with Medical Professionals – some insurers might request reports from your GP or specialists.
3. Physical Examinations – in certain cases, a physical exam may be necessary to evaluate your health.

As a mortgage and protection specialist, I cannot emphasize enough the importance of disclosing your medical conditions when applying for protection products. This process is not just about obtaining cover; it’s about ensuring you and your loved ones are protected during critical times, both personally and in your business.

If you have questions or need assistance with business and personal protection, life insurance, critical illness cover, or income protection, please don’t hesitate to contact me at Templar Mortgages and Protection. Together, we can ensure you have the right protection in place.

For personalised advice, reach out to me at Templar Mortgages and Protection. You can email me at david@templar-mortgages.co.uk or visit my website at www.templar-mortgages.co.uk.

As with all insurance policies, conditions and exclusions will apply.