Protection Watch...with Kevin Carr (Sep 2012)

1 Simples, isn't it? The newly-proposed ‘simple' life cover product should indeed be quite simple. It will exclude indexation, guaranteed insurability options, waiver of premium, accidental death benefit, decreasing cover, joint life, future alterations, conversion options and also terminal illness benefit. But what about underwriting? Without it, the cost is notably increased and the product attracts people who perhaps can't get cover elsewhere, raising the cost further. But with it, the buying process remains far from simple, which is perhaps the more important issue because life cov...