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September 2015

Is terminal illness benefit underrated, underutilised, or under-priced? asks Legacare’s Meg Kirby

16/09/15

The Hidden Jewel ………… Is terminal illness benefit underrated, underutilised, or under-priced?  I understand insurers are facing challenges in pricing for terminal illness cover (TI), which has led to questions such as; should it remain part of a life cover product and/or should the length of time for a claim be reduced? Obviously, I can’t comment on whether it is underpriced, but I may be able to shed some light on the consumers’ view about this benefit. Over the last 25 years I have advised life and disability insurers on contentious claims and on drafting insurance products. I know how…
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