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Unumprovident introduces new IP application procedure

Unumprovident has enhanced its risk management processes aimed at creating an easier application procedure for its income protection products.
Changes include no longer automatically linking requests for medical evidence to the amount of income protection requested, instead evidence will only be required where the application disclosure requires it.
The provider says it expects this approach to significantly reduce the amount of time it takes to get cover in place.
Unumprovident chief medical underwriter Andrew Potterton says: “Our own analysis has shown that medical evidence adds little to our knowledge of the risk if we have good application disclosure. We believe the person whose life is to be insured is best placed to tell us about themselves and their medical history, providing we ask the right questions.”

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