FAQs

Why might an insurer offer less cover than my estimated need?

An insurer may apply underwriting, income evidence, affordability, age, health, occupation, residency, or product limits that are absent from a needs calculator. The.

An insurer may apply underwriting, income evidence, affordability, age, health, occupation, residency, or product limits that are absent from a needs calculator. The estimated need answers a planning question; the insurer’s offer reflects its eligibility and risk rules. Do not treat either figure as guaranteed. Compare the offered benefits and exclusions, disclose information accurately, and ask the insurer or a regulated adviser to explain any restriction.

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