Name and address withheld Universal Provident (pg 6, COVER June 2000) needs to consider the facts a ...
Name and address withheld
Universal Provident (pg 6, COVER June 2000) needs to consider the facts a little more, before launching intemperate attacks on the morality of doctors and IFAs.
As a practice, we have sold critical illness (CI) cover to hundreds of clients. To date, we are on our fifth claim.
It is a fact that the penetration of CI among both IFAs and medical staff is higher than average - IFAs are more aware of the product and medical staff are more appreciative of its value once informed of the product.
A very large proportion of our clients with CI are in the caring professions. As with all cover, there will be some attempts at fraudulent claims.
If there really is a problem as suggested, the fair way to address this would be to impose a moratorium (length as appropriate) to rule out claims on conditions where it might be assumed the applicant had prior knowledge.
A claim in such circumstances is fraudulent and should be treated as such. It should not give rise to the wholesale branding of two occupational groups as cheats and ineligible for this very valuable and important cover.
