Pension rules discouraging waiver benefit

With the introduction of personal pensions in 1988 came the ability to include waiver of premium benefit in policies to provide assurance for clients that, in the event of long-term sickness or disability, their future contributions would be funded by the insurer. O'Hallaran & Co has always encouraged its clients to incorporate waiver benefit unless their occupation or health precluded the availability of the cover. As the contribution designated for the waiver is relatively small, underwriting by the insurer has always been relatively strict and, in particular, difficult for manual oc...