Insurance providers have ‘healthy’ role to play
Life insurance companies play a role in encouraging customers to make healthy lifestyle changes, the Association of British Insurers (ABI) has claimed.
According to the organisation, some providers focus on lifestyle tweaks that improve a person’s mortality and mobility.
"What insurers do is obviously look at demographic trends, but also they look at individual risks presented to them - it is a competitive market, and it will continue to remain competitive," explained a spokesperson for the organisation.
"Insurers have a role to play in encouraging people to adopt healthy lifestyles and recognise where people do adopt healthy lifestyles where that has an implication on their mortality," he added.
With long term life insurance contracts, the ABI’s representative explained, customers do not normally have to disclose changes in their circumstances after a policy has been taken out, providing all relevant information has been provided originally.
Recent ABI figures revealed that 40 per cent of UK households have life insurance, with the industry paying out £17 million in death benefits every day throughout 2006.
The Insurance Helpline specialises in obtaining cover for people living with medical conditions
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