During a presentation at Protection Review 2022, Cura Financial’s Alan Knowles explained why he believes terminal illness benefit (TIB) no longer works for consumers, intermediaries or even providers.
Speaking during the ProtectX Live portion of the conference, Knowles offered insight into how terminal illness benefit is currently failing consumers and offered solutions as to how the benefit can be altered to the benefit of all. To underline his point, Knowles detailed the case of one client. Janice was diagnosed with terminal Stage Four breast cancer, which had spread to parts of her body, and was living in palliative care. Despite holding three life insurance policies with different providers, two of the insurers took six months to process her claim. "On receipt of this decision,...
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