Terminal illness benefit should pay out on diagnosis not life expectancy

Research into more than 550 advisers has found that 68% strongly agree and 24% agree (92% in total) that if a client is diagnosed with incurable stage 4 cancer, the terminal illness definition within a life insurance policy should pay out on diagnosis and not on life expectancy. The study also revealed that 65% of advisers would feel uncomfortable or very uncomfortable telling a terminally ill client that they could not claim until their doctor had confirmed their life expectancy was less than 12 months. Less than a third (32%) said they wouldn't mind. Two thirds of advisers were surp...