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Routes to Insurance
Episode 31st February 2022 • The Practical Protection Podcast • Kathryn Knowles
00:00:00 00:36:39

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Hi everyone, this is the second episode of our Mental Health in Life Insurance week. Today is all about how people can go about getting insurance. We are taking a look at advised and non-advised routes, as well as comparison sites. It’s important to understand that no matter what we might think is the best route for someone, each of these routes can offer something different that may be what is a helpful first step to getting insurance.

We are talking to Phil Jeynes from Reassured, Alan Knowles from Cura Financial Services and Neal Cross from MoneySupermarket for their insights.

The key takeaways:

  • People living with mental health conditions might not feel comfortable talking to someone about their medical history.
  • Firms should adapt their communications and link with specialist partners, to support people that are living with mental health, to access insurance in a way that suits them best.
  • There is work being done to encourage the use of iGPRs to better support insurance application underwriting times, to help reduce some of the worry that can potentially build during this time.

Within the insurance world there can be a mindset that when applying for insurance it is advised vs non-advised vs price comparison site. In this episode we are stepping away from any kind of judgement of how someone chooses to get insurance, and focusing upon how each of these approaches to getting insurance, helps different people in different ways. 

Tomorrow we are going to be talking with Lisa Balboa (Hannover Re) and Fraser Ballantine (Zurich) about how underwriting decisions are made by insurers.

Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.

If you want to know more about how to arrange protection insurance, take a look at my Protection Insurance in Practice course here.