Terminal illness no longer fit for purpose: Alan Knowles

"Only going to become more and more common unless we do something about it"

John Brazier
clock • 2 min read

During a presentation at Protection Review 2022, Cura Financial’s Alan Knowles explained why he believes terminal illness benefit (TIB) no longer works for consumers, intermediaries or even providers.

Speaking during the ProtectX Live portion of the conference, Knowles offered insight into how terminal illness benefit is currently failing consumers and offered solutions as to how the benefit can be altered to the benefit of all. To underline his point, Knowles detailed the case of one client. Janice was diagnosed with terminal Stage Four breast cancer, which had spread to parts of her body, and was living in palliative care. Despite holding three life insurance policies with different providers, two of the insurers took six months to process her claim. "On receipt of this decision,...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

Probate cases taking nearly two years rise by 131%

Probate cases taking nearly two years rise by 131%

Increased risk of interest accruing on IHT

Jaskeet Briah
clock 07 April 2026 • 2 min read
CII releases vulnerable client management report

CII releases vulnerable client management report

Supporting firms expand potential client base

Isabel Baxter
clock 07 April 2026 • 2 min read
Life insurance policies including CIC up 11%

Life insurance policies including CIC up 11%

Rise in joint policies

Jaskeet Briah
clock 27 March 2026 • 2 min read