Direct insurance taints consumer views on life insuranceBY LAURA MILLAN | TUESDAY, 4 FEB 2014 12:15PMBad experiences with direct life insurance companies are tainting consumers' views of life insurance in general, according to Synchron director John Prossor. Related News |
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
So, lets get some examples of these "bad experiences" (it was after all only a matter of time) out in the public domain to educate regarding the dangers of not taking advice for such an important matter. Might be a bet tricky enlisting the support/interest of commercial TV!
The direct sale of insurance policies, without underwriting prior to acceptance, is simply a 'premium grab' by the underlying insurer who is generally one of the large life companies. They can lower premiums with the knowledge that a large number of claims will not be paid due to non-disclosure.
What a disgrace to the insurance industry, and what immeasurable harm to the profession, and what potential harm to those honest Mum's and Dad's who think their families are protected.
Shame