Interactive Investor Knowledge Base - Life Insurance http://knowledgebase.iii.co.uk en-us http://knowledgebase.iii.co.uk ActiveKB NX tim@iii.co.uk Sat, 21 Nov 2009 22:50:34 GMT 20 Do I get any cash back at the end of my policy if I live it out? http://knowledgebase.iii.co.uk/questions/425/ No you don’t with Term Assurance. This aims to pay out a lump sum of money if you die within the term of the policy. There is no payout if you do not die or if you die just a day after the policy ... Tim Huckle Tue, 14 Oct 2008 09:53:16 BST How long does the application process take from start to finish? http://knowledgebase.iii.co.uk/questions/426/ We can get you covered in as little as 20 minutes, but the average application takes 20 days to process and sometimes even longer. This is because of something called “underwriting”, where the ins ... Tim Huckle Tue, 14 Oct 2008 09:54:45 BST Am I covered while the policy is being processed? http://knowledgebase.iii.co.uk/questions/427/ This varies depending on the circumstances. Most insurance companies provide limited interim cover whilst they are processing your application if your application is linked to a mortgage. There is ... Tim Huckle Tue, 14 Oct 2008 09:55:30 BST What are guaranteed and renewable premiums? http://knowledgebase.iii.co.uk/questions/428/ Guaranteed premiums mean that the price you pay will not change during the term of the policy, so if it starts at £35 per month it will always be £35 per month. Reviewable premiums are the opposit ... Tim Huckle Tue, 14 Oct 2008 09:56:21 BST Why are your premiums lower than my bank or building society? http://knowledgebase.iii.co.uk/questions/429/ Well, first of all make sure you are comparing like with like. Once you are happy that both plans are the same then any difference in premiums is down to the fact that banks and building societies ... Tim Huckle Tue, 14 Oct 2008 09:58:18 BST If I am diagnosed with a medical problem after my policy has started, do I have to declare that? http://knowledgebase.iii.co.uk/questions/430/ No, you are only obliged to disclose details of medical conditions that existed at the point you made the application and up to the date the policy actually starts (goes “on risk”). Once the polic ... Tim Huckle Tue, 14 Oct 2008 09:59:02 BST Who provides the Interactive Investor Life Insurance service? http://knowledgebase.iii.co.uk/questions/431/ The Life Quote Service on Interactive Investor is provided by Torquil Clark Life Insurance. Torquil Clark Life Insurance is a Trading Name of Life Policies Direct Ltd which is authorised and Regul ... Tim Huckle Wed, 22 Oct 2008 11:22:08 BST