Financial underwriting limits
at a glance
We will ask your client for additional financial information in certain circumstances. The tables below show what we will ask for depending on the amount of cover asked for. All figures below include any existing cover with Bright Grey, or other insurers.
| Up to £1,500,000 | No automatic evidence |
| £1,500,001 to £3,000,000 | Financial questionnaire |
| £3,000,001 to £5,000,000 |
Financial questionnaire and see below for additional supporting evidence * |
| Over £5,000,000 |
The maximum amount of Life Cover available is £5,000,000 |
| Up to £750,000 | No automatic evidence |
| £750,001 to £1,000,000 | Financial questionnaire |
| Over £1,000,000 |
The maximum amount of Critical Illness Cover and Life or Critical Illness Cover available is £1,000,000 |
Employed applicants
| Up to £75,000 | No automatic evidence |
| £75,001 to £100,000 |
Financial questionnaire or 2 years' proof of earnings (P60, P11D forms, tax assessments, pay slips etc.) |
| £100,001 to £150,000 |
Financial questionnaire signed by an independent third party (accountant, solicitor etc.) or 2 years' proof of earnings (P60, P11D forms, tax assessments, pay slips etc.) |
| Over £150,000 |
The maximum amount of Income Cover for Sickness available is £150,000 |
Self-employed applicants
| Up to £75,000 | No automatic evidence |
| £75,001 to £100,000 |
Financial questionnaire or 2 years' proof of earnings (self-assessment forms or reports and accounts) |
| £100,001 to £150,000 |
Financial questionnaire signed by an independent third party (accountant, solicitor etc.) or 2 years' proof of earnings (self-assessment forms or reports and accounts) |
| Over £150,000 |
The maximum amount of Income Cover for Sickness available is £150,000 |
