General Question

We have put together a small selection of frequently asked questions for you.

Term policies, the most common type of life insurance, only pay out if you die within the duration agreed in the policy. For example, if you take out a term life policy for 25 years, your family can claim if you die during this 25-year period.

A critical illness plan is a policy that pays the insured a lump sum following the diagnosis of an illness covered under the plan. Critical-illness plans often cover diseases like cancer, organ transplant, heart attack, stroke, renal failure, and paralysis, among others.

Yes, you can get health insurance even if you have a pre-existing medical condition. But most policies restrict when they can pay out to treat pre-existing conditions.

Though the documents you need to show will depend on your individual circumstances, generally speaking, you need the following depending on whether you are employed or self-employed:


  • Passport
  • Proof of address, dated within the last three months (e.g. a posted bank/credit card statement, utility bill, annual council tax statement, driving licence, etc.)
  • Proof of deposit or gifted deposit letter (purchase application).


  • Most recent three months’ payslips + two years’ bonus/commission payslips (if applicable).
  • Most recent three months’ personal bank statements, showing salary, mortgage or rent, utilities, and direct debits.


  • Most recent two years’ HMRC tax calculations & tax year overviews; and/or
  • Most recent two years’ signed trading accounts (limited company).
  • Most recent three months’ personal & business bank statements, showing salary, mortgage or rent, utilities, and direct debits.

Following a recent review, the government has announced plans to bring this timetable forward. The State Pension age would therefore increase to 68 between 2037 and 2039. The retirement age has risen in the past (in April 2020 it rose to 66 for men and women alike) and there are new rises planned. Under the current law, the State Pension age is due to increase to 68 between 2044 and 2046. 

This is the most common type of pension and is very often a workplace pension provided by your employer. When you reach your chosen retirement age, the size of your pension pot will depend on how much you, and your employer where applicable, have paid in, how the funds in which your pension savings have been invested have performed, and the tax relief your employer has added to your pot on your behalf.

Also known as final salary schemes, defined-benefits pensions are workplace pensions that provide you with an income for life after you retire. How much pension income you will get is based on how many years you worked for your employer and your salary.


DB advice by referral only

Have Any Question?

If you have a question that you think the team at Market Wide could help with don’t hesitate to get in touch. 

Market Wide is a trading style of The Partnership (Southampton) Ltd which is an appointed representative of Quilter Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority. 

The guidance and/or information contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

The Partnership (Southampton) Ltd is registered in England and Wales, No: 04339531. Registered Address: Unit 1 Northam Business Centre, Princes Street, Southampton, Hampshire, SO14 5RP.

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