Industry split on whether UK protection policies should adopt non-contestability period

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 had called for the introduction of a non-contestability period, as is used in the USA and Canada...