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Old Mutual Wealth becomes one of the first providers to offer life cover to customers who have a combination of heart disease and diabetes 


Old Mutual Wealth, part of Quilter, will now be able to consider customers looking for life cover who have both heart disease, or cerebrovascular disease (e.g. stroke) and diabetes, a combination the industry typically flatly declines. 

Previously, any customer who had a combination of heart disease and diabetes or cerebrovascular disease and diabetes, would have been denied at application.

A customer with either condition and diabetes can now enter into Old Mutual Wealth’s underwriting process and may be able to get life cover on either its guaranteed whole of life, rolling term or fixed term plans.

According to Diabetes UK, if current trends don’t change, more than five million people will have diabetes in the UK by 2025. People who suffer with diabetes are much more likely to have heart disease because high blood glucose can damage blood vessels and the nerves that control your heart and blood vessels. Therefore having both diabetes and heart disease can be a common combination.

Old Mutual Wealth suggests that advisers looking to cover clients with one of these combinations of illnesses should contact it’s newly enhanced pre-sales underwriting service, where advisers can email or phone an underwriter directly to discuss a particular case ahead of making an application. 

Paul RobertsPaul Roberts, head of protection at Old Mutual Wealth, part of Quilter says:

“Making sure your loved ones are looked after when you pass away is high on everyone’s wish list, which is why more should be done to help people who face restrictions to securing that peace of mind. We are delighted that we are now able to offer life cover to people who have both diabetes and heart disease who previously might have struggled to get it. These two problems often come hand in hand and will ordinarily immediately preclude you from getting life cover”


For more information contact

Alex Berry023 8072 626007741

Notes to Editors:

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £95.3 billion in customer investments (as at 31 March 2020).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions; and discretionary fund management.

The business is comprised of two segments: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial advice business, Quilter Financial Planning; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

Wealth Platforms includes Old Mutual Wealth UK platform and Quilter International, including AAM Advisory in Singapore.

The Old Mutual Wealth Heritage life assurance business was acquired by ReAssure Group Plc on 2 January 2020.

Since its IPO in June 2018, Quilter plc’s businesses have progressively rebranded to Quilter, as follows: 

  • Quilter Financial Planning (previously Intrinsic)
  • Quilter Private Client Advisers (previously Old Mutual Wealth Private Client Advisers)
  • Quilter Financial Advisers (previously Charles Derby Group)
  • Quilter Financial Adviser School
  • Quilter Cheviot
  • Quilter Investors
  • Old Mutual Wealth (becoming Quilter Investment Platform)
  • Quilter International (previously Old Mutual International)

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.