Financial Standard Comments - Group insurance inaction is "robbery": Inquiry Group insurers not doing enough to prevent the growing problem of employees owning multiple superannuation funds and life insurance premiums is equivalent to theft, according to today's life insurance parliamentary inquiry. https://www.financialstandard.com.au/feed/latest?story=103276895 Sat, 09 Sep 2017 20:39:13 +1000 Sat, 09 Sep 2017 20:39:13 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Ken KIPPING AM (Retired and consumer advocate) Some mermbers also may be uninsurable so it is very important that THEY are aware of and consider their continuation options 'WithIn' the usual time period allocated to exercise these options. That is another important consideration / issue for families and for members who may be ill or uninsurable etc.. the option is usually to be able to take out or continue a policy with the existing underwriter. The terms and conditions may be different but at least it a very important potential option to continue protection! Sadly many members do not keep themselves as informed of their rights or options as they should!! They are the very people who may need it the most.

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]]> Ken KIPPING AM (Retired and consumer advocate) Sat, 09 Sep 2017 20:39:13 +1000