ABI reinforces disclosure importance; dispells 'act of God' myth

It is also reiterating the importance of complete disclosure by reassuring consumers that life insurance is based on their health when the policy is taken out, not any subsequent changes. The protection market has sought to improve medical disclosure for several years, particularly regarding critical illness (CI) cover and, according to ABI statistics, is making headway. Non disclosure now accounts for approximately 2% of CI claims declined, a sharp fall from the high of near 20%. The comments come as part of an ABI bid to build consumer confidence in the industry, for which the bo...