The whole aim of LIF is to make it harder for consumers to get professional advice, so they make purchase decisions based purely on advertising, and end up with dodgy direct products that don’t pay claims. (Otherwise known as “junk insurance”)
This is a terrible outcome for consumers. Those consumer groups who have sided with the insurers to lobby for these changes should hang their heads in shame. They have sold out the very people they are supposed to be protecting.
The whole aim of LIF is to make it harder for consumers to get professional advice, so they make purchase decisions based purely on advertising, and end up with dodgy direct products that don’t pay claims. (Otherwise known as “junk insurance”)
This is a terrible outcome for consumers. Those consumer groups who have sided with the insurers to lobby for these changes should hang their heads in shame. They have sold out the very people they are supposed to be protecting.