Viewpoint

Market views Jason Hurley, RGA Re It is hard to imagine a product that is more straightforward than life assurance. The policyholder knows the premium, that premium is guaranteed and the policyholder is aware of what level of benefit will be paid following a clear-cut event such as death. The problem arises because many advisers sell critical illness (CI) insurance in a similar way to life assurance, and it is in this area where the industry can look to treat customers more fairly. For example, by giving clearer warnings about the consequences of non-disclosure - so that the consu...