Group insurance inaction is "robbery": InquiryBY KARREN VERGARA | FRIDAY, 8 SEP 2017 12:43PM 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. Related News |
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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.