Old Mutual Wealth streamlines underwriting process for advisers

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Old Mutual Wealth's (OMW) protection business has increased its financial limits and produced a new shorter questionnaire to speed up its underwriting process for advisers.

As part of the update, OMW has improved clarity on what high net worth clients require for underwriting in order to help advisers better manage their clients' expectations ahead of an application. The provider has also reduced the additional rating for Type 2 diabetics on its guaranteed whole of life product, making the product cheaper for those customers. It pointed out more than three million people in the UK have diabetes and 90% of those have Type 2, according to Diabetes UK. OMW head of protection Paul Roberts said: "Our upgrades will result in a significant reduction in underwri...

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