Effective date : 1st June 2018
Dear Brokers,
We would like to take this opportunity to thank you for your continuing support and to let you know about some recent
developments here at Morgan Price.
Firstly, we are pleased to announce that where possible, we will now be trying to include some pre-existing conditions for cover with a loading. We will not be able to cover every pre-existing condition and this will be on a case by case basis, taking into account all of the information declared on the application form. You may find that we are now asking for further information
at application stage. This allows us to fully assess your clients suitability to have their condition covered and also allows for a speedier service at claims stage.
It would really help us if you could make sure the application is fully completed when submitting it to us. In particular, that the medical information has been fully completed for each and every condition declared and that the further information requested on the application form is present.
We will also now require doctor details for each and every applicant. We do understand that many overseas clients do not have a regular doctor and in this case, we will require the last doctor they visited.
Our application forms will soon be updated to make it easier for you and your client to ensure we have the details we require. We will no longer be accepting moratorium applications for clients whose BMI is in excess of 30. We invite these clients to complete a full medical underwriting application instead. This will be assessed in the usual way.
We are also capping the maximum age limit for moratorium policies to 54. Anybody 55 and over can still apply for cover but it will need to be on a full medical underwriting basis.
We will no longer be able to accept child only policies for children under 10 years old. We will still insure these children but only if an adult is on the policy.
Child only policies for children between 10 and 17 will be accepted but only on Standard and Standard Plus levels of cover. For any child only policies there will now be a compulsory excess of £/$/€ 100 per claim in addition to any other excess or coinsurance applicable to the chosen plan. These changes will come into effect 1st June 2018.
Morgan Price is working hard to ensure that our clients fully understand what they are and are not covered for from the outset of their policy, by asking more information and trying to provide cover where previously we would have just excluded any preexisting conditions. We will be sending new literature out shortly. We thank you for supporting us in these changes and they will enable us to be able to keep providing a solid proposition for your clients. If you have any questions at all or need any clarification, please do not hesitate to get in touch with us.
Yours faithfully,
Dawn Sheldrake
General Manager
