Case study

Company A has taken over Company B. Company A has, in the past, had group income protection (IP) and life cover for its employees, and now wants to supply the same for Company B which has none. Will both companies need to be underwritten again or is there a way around this? Alan Lakey, principal, Highclere Financial Services Group life often escapes underwriting because insurers generally offer a pre-determined level of cover without medical disclosure. This is only offered as long as all employees are included which ensures they are not selected against. Those employees whose salaries ...