We've improved the way we calculate automatic acceptance limits (AALs, also known as ‘free cover limits’) on group life schemes.
The changes minimise the number of members whose benefits require underwriting, with the biggest impact being on small schemes, meaning that the process becomes as hassle-free as possible for them.
The changes to AALs means that Ellipse only underwrites members whose benefits are a long way from the scheme average and will benefit small schemes in particular, reducing the need to underwrite as frequently and making the process easier.
Even where underwriting is required, Ellipse offers its fast, easy, online assessment that allows the whole process to be completed within 20 minutes (as opposed to the usual days, weeks or even months our competitors take) in the majority of cases.
With no minimum premiums, no policy fee, the availability of a Master Trust facility - and now our improved AALs – it adds up to a compelling group life proposition for advisers to take to their SME clients, so if your company hasn't yet signed a Terms of Business Agreement with us yet, please visit http://www.ellipse.co.uk/working-with-us
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