Advisers conducting high-net-worth business are being given access to senior underwriters from Legal...
Advisers conducting high-net-worth business are being given access to senior underwriters from Legal & General in pre-submission cases. The point of this is to reduce potential delays in sourcing both medical and financial information and ensure clients have policies quicker than before. The appointed underwriters have specific experience of the market enabling them to focus on the core skill of assessing the risk presented by such applications. Legal & General said it made this move because high-net-worth individuals are often 'cash rich' but 'time poor'. The provider aims to have a turnaround of 30 days from receipt of application.
