Glossary

Proposal form

Also called application form.

The application document. Its answers form the basis of the contract.

The proposal form is where you state the facts the insurer relies on. Different products attract different forms, and the medical depth varies sharply between them — annuity forms carry no health questionnaire at all, while term cover attracts the fullest.

The answers become part of the contract, which is why accuracy matters more than speed.

Related terms

  • Underwriting The insurer's assessment of the risk you present, which decides the terms and the price.
  • Material non-disclosure Failing to reveal something that would have affected the insurer's decision.
  • Basis of contract The principle that the answers you give form the foundation of the policy.

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