Getting started
Making sure that you and your family are covered so that death, disability or severe illness does not financially impact you is amongst the most important decisions that you will make. We believe that the best way to secure your financial future is through examining the different types of insurance with a financial adviser. With this assistance, you are able to determine the advantages each one holds for you and the level of financial security you need.
| 1. Complete a financial needs analysis with your financial adviser
Your adviser will prepare a financial needs analysis for you. This will look at all aspects of your financial affairs. You will consider the plans that you have made if something goes wrong and you can no longer provide for yourself or your family. You will also discuss any shortfalls that there may be in your financial planning. Out of this a comprehensive individualised plan will be put together to help you achieve financial security in the long-term. |
| 2. Your financial adviser will compile a quote for you
From your financial needs analysis your financial adviser will prepare a detailed quote on the Discovery Life products to ensure that you can support you and your family in the event of death, disability or severe illness. |
| 3. Fill in the application form Once you and your financial adviser agree to the quote you will fill in the necessary Application for Assurance form which your financial adviser will provide. |
| 4. Complete the necessary underwriting requirements
To ensure that you pay a premium that is most appropriate to your risk exposure we will assess your application form to see where underwriting requirements are necessary. Underwriting looks at risk factors such as your health status and age. Our accurate underwriting at Discovery Life ensures that our policies are fair and objective. |
| 5. We will process the application form Once all the underwriting requirements have been completed, your application will be processed. |
| 6. Activation On acceptance of the application, Discovery Life will activate your policy and an acceptance letter will be sent to your financial adviser. |
| 7. Getting your welcome pack Finally you will be issued with your welcome pack. This includes your welcome letter, policy schedule and LIFE PLAN Guide. The policy schedule shows your personal information, the benefits you have chosen and your answers to the medical questions. The LIFE PLAN Guide explains how the Discovery LIFE PLAN works. |
