Features of accidental death product lead consumers to think they’re buying a funeral policy
An insurer has a duty to draw a policyholder’s attention to any usual term or condition, the ombudsman says.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreAn insurer has a duty to draw a policyholder’s attention to any usual term or condition, the ombudsman says.
Insurer argues that ‘days’ means ‘normal days’, but the Financial Services Tribunal does not agree.
With the release of the Annual Report of the Long Term Ombud earlier this year, Deputy Ombudsman Jennifer Preiss mentioned that her office noted a steady increase in complaints about funeral policies. In […]