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...
According to British Social Attitudes Survey
Research by Canada Life suggests
Financial resilience and mental health
For large corporates