Hodge speeds up impaired life process

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Hodge Equity Release has changed its impaired life application process, allowing brokers and IFAs to access quotes for customers with poor health within 24 hours.

The new application process will remove time-consuming aspects to give a faster turnaround for advisers dealing with impaired life clients. Medical examinations, often a lengthy process in impaired life applications, have been removed from the Hodge Equity Release process. Hodge says medical exams usually mean a quote cannot be provided until around 28 days after application, but claims its new system will give advisers a quote as quickly as 24 hours after applying. Hodge expects growing numbers of impaired life clients in the future due to the UK’s ageing population, which means there w...

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