Insurance experts are split on whether the UK insurance industry should adopt a compulsory non-contestability period on policies, according to poll from the Protection Review.
When asked whether the UK should implement a period after which an insurer cannot turn down a claim for non-disclosure, 42.86% of respondents said that a non-contestability period was not necessary. Meanwhile, the remainder had different views on at which point a non-contestability period should begin. Some 10.71% of respondents said 2 years, 32.14% said 5 years and 14.29% said 10 years. Speaking at the Protection Review conference in 2016, Payingtoomuch's managing director Michael Ward...
Retains platform and financial advice business
Bedford-based mutual society chooses Disability Rights UK as its charity partner for 2018
Insurers should leave funeral planning to the experts, says Avalon CEO Paul Wilson
Financial wellbeing firm Neyber suggests better use of employee assistance programmes (EAPs) would benefit both workers and companies