Know your policies
Rosa had had the same childhood condition as one of her parents – shouldn’t the insurance broker have recognised that Rosa’s children might need cover for it too?
Topic: Life Insurance
Was the insurer asked to cancel the policy?
Insurer failed to follow instruction to transfer ownership of insurance policy to ex partner after separation.
Quick settlement for non-disclosure
Greg disclosed his previous medical history to his adviser, but the adviser did not include it on the application form.
But I disclosed my medical history!
Haoyu believed that he had told his adviser about his medical history and scheduled gastroscopies. However, when he tried to claim for the gastroscopy, he was told that his claim was declined.
Why did I change insurance policies?
Thomas and Tracy were advised to take out alternative insurance policies by an adviser. The policies were less suited for them than their existing insurance. Was the company that contracted the adviser responsible for the complaint?
Overpayment of life and health cover
When Amber forgot to change her membership status she paid for cover that she could never have claimed under. Should Amber be reimbursed for this unnecessary cost?
Life cover sold to 72-year-old
When Andrew was 72 years old an adviser sold him $100,000 life cover which cost him $164,000 over 10 years
Poor insurance advice process.
The adviser’s advice process was poor when she advised Peter to switch insurers. What harm did this cause?
Insurance policies cancelled
Jeremy did not remember cancelling his insurance policies, but was able to see that it was reasonable for his insurer to think that was his intention
Replacement insurance – was best practice followed?
Jane’s financial adviser recommended that she move her life and mortgage protection insurance company to a new insurance company. Jane did not disclose a pre-existing medical condition and a claim under her mortgage protection insurance was later declined. The adviser’s process was flawed but did not cause a direct financial loss. The adviser paid compensation for inconvenience.
