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The weighty issue of cover charges.

Many consumers make new year resolutions to combat those extra pounds in an effort to reach a healthy weight, which can be a great long-term goal.

But clients don’t need to put off financial resolutions until they have achieved their weight loss targets.

It’s true that some insurers add extra charges when customers stray outside the normal body mass index range of 18 to 25, due to the increased risk of disease.

In fact, NHS figures state that two out of five adults are overweight and a further one in five is obese.
This means that 60% of clients who apply for mortgages may find they are ineligible for the low rates advertised on portals.

But other insurers have a more inclusive approach, offering standard premiums to customers who are overweight or even obese as long as there are no other associated health risks.

It also makes sense for product providers to take waist measurements into consideration as these can give a fuller picture of health and stop sporty borrowers being penalised, as sporty types often weigh more because of their higher muscle mass.

So by considering protection providers that offer ordinary rates for customers with higher BMIs, brokers can help borrowers protect their mortgages without facing extra charges.


Obsessive Compulsive

Having Obsessive Compulsive Disorder is very much like having a physical form of Turettes, sudden outbursts of having to do things a certain amount of times. Where the hell is this going I hear you ask?

Good time to get closer to clients

Lenders have a duty to lend responsibly but in the current climate, as many exit the market, those that remain are being forced to amend criteria to ensure they hit capital targets.

FSA to cut fees of over 10,000 small firms

The Financial Services Authority has published its Business Plan for 2009/10, which sets out its plans to hike fees for larger firms and cut fees for over 10,000 small firms.


Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.


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