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Medical history declaration |
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This requires you to complete an application form detailing your medical history. You must mention all relevant pre-existing conditions and the company will then issue a policy showing any conditions that are excluded from cover, either indefinitely or for a set period of time based upon the information you have provided. |
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Moratorium |
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If you choose this type of underwriting you will notice that only part of the application form needs to be completed. This is because the provider would not require any details of your medical history just your name, age and address. However, you would be subject to the following statement |
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"In the first two years of your membership you would not be able to claim for any pre-existing condition(s) that you have known about, sought advice for or taken medication for in the five years prior to your commencement date. However, after two years of continuous membership, you would be eligible to claim for any condition(s) that you have not had any symptoms of, sought advice for or taken medication for, for two clear and trouble free years". |
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Continued Personal Medical Exclusions (CPME) |
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This underwriting is only available with certain providers/plans and will allow you to switch without declaring your medical history. If this form of underwriting is chosen the medical certificate from your previous insurer will be required. The underwriting that you started on your previous policy will continue on to your new policy. Therefore if you started the policy on Moratorium underwriting the date it started will roll over onto the new continuation policy. If you declared your medical history any exclusion(s) applied to the policy will then continue on to the new policy. Companies will vary on terms of switching so please read the policy wording for the definition. |
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