Healthy and wealthy gain from non-contestability

The comments follow a presentation given by RGA UK in December, where Jason Hurley, head of sales and marketing, said a non-contestability period would cause insurers to be more “fussy” about who they give cover to and move towards preferred life policies. Briggs agrees a non-contestability clause will strengthen the argument for the arrival of preferred life underwriting in the UK, saying it is the “natural course to take and pretty much inevitable”. In the US, insurers have a two-year non-contestability period after which they cannot throw out a valid claim on any basis other than fra...