William Russell Goes Moratorium

As of 1st of September 2008, William Russell introduced a new moratorium option on their policies. In simple english, this means WR has swept away the need for new applicants to declare their previous medical history when filling their applications. Two thumbs up here.

First, it greatly simplify the application process process.

Second, it is great for applicants with pre-existing conditions. They will be able to enjoy a great insurance, and escape the hassle of having to provide their medical record. Sound great doesn’t it? And the best is still coming: should they remain healthy for two continuous years (and a WR client of course) then their pre-existing condition will be fully covered!

Don’t take my word for it, take William Russell’s one.

“Pre-existing conditions become eligible for cover when the member has had a continuous two year period of cover during which there have been no symptoms, and no treatment or check-ups have been necessary. ”

“If it is generally accepted medical advice that one should attend a regular medical consultation or check-up, or take drugs, or follow a special diet, then that medical condition will be permanently excluded, together with any related conditions. This will include conditions such as diabetes, raised blood pressure, raised cholesterol levels, heart disease, some forms of cancer, and other conditions where regular monitoring is advisable.”

James Cooper
Sales Director, William Russell

Only tiny little draw-back, applicants who chose the moratorium approach will pay a 4% premium. Very worthwhile IMHO.