Life Insurance FAQ’s
Find the most commonly asked questions about our Life Insurance policy here.
Get in touch if you can’t find the answer to your question.
Am I eligible for the life cover policy?
You may apply for cover if you meet these simple criteria at the start date: You are aged between 18 and 61 years old and you are a permanent UK resident. That’s it!
Can I add critical Illness cover?
Yes, we have a separate product that combines both life insurance and critical illness insurance. Simply visit our products section for more info.
Is the ESMI Life Cover Policy suitable for over 50’s?
Yes, very much so. The premiums are fixed for 5 years, so if you were to take it out at age 50 then you should find that you can get one of the highest premium paid to benefits received ratios on the market.
Can I add my partner and or my children to the policy?
Yes, you can! You can add a maximum of 4 children to the policy. Family members can be added when you start the policy, or if you want to add them later on then simply provide us with their name and date of birth and we will add them to your certificate and notify you of your new premium.
Are pre-existing medical conditions covered?
The Life Cover plan will not cover any condition, injury, illness, disease or related condition and/or associated symptoms, whether diagnosed or not, which you suffered in the 36 months immediately before the start date of the policy unless the insured person has been symptom-free and has not required treatment or medical advice for at least 24 months in a row immediately before the policy start date.
Can my life cover policy be arranged into trust?
Yes, simply request a trust form from us so that we can apply the details to your cover. We recommend that you seek advice from a financial advisor or solicitor, beforehand, should you choose to go down this route.
What happens if I miss a payment?
If you happen to miss a payment, we will attempt to collect payment on the next monthly payment run, and if payment is still not made then we will cancel your policy. We will notify you in writing when a payment has not been made.
Can I cancel my policy if I no longer need it?
Yes, all of our life insurance policies are annually renewable policies so they only last 1 year, and you can cancel at any time of your choosing. We also provide a 30-day-money-back-guarantee after your take out our insurance, in which you can change your mind and not pay a penny!
Why does ESMI not require you to answer medical questions or take a medical exam?
At ESMI, we firmly believe that it is wrong to either; deny a persons application, or charge them a higher premium, just because of their lifestyle or occupation. We offer the same premium’s to all customers within the same age bracket. The only thing which will affect your premium is whether or not you smoke.