Posted by @
09:55 PM, January 27
I think this is a great step for the life insurance industry. All too often, not only for life insurance, but critical illness cover to, we hear about policies not paying out. This often seems to be for fairly minor issues, that either the policy holder may have forgotten about, or not even seen as relevant.
How can someone in their late fifties or sixties be expected to remember every bit of their medical history? Well hopefully, with this change of stance, not only will more policies be paid out on, which ultimately will ensure more families are left financially protected, but the insurers will not be looked upon with suspicion any more.
Bravo the ABI!