Life Insurers – Covid-19 Support

Thu May 28 2020

Life insurers have been responding and working hard to support Brokers through the current crisis and are organising their resources to ensure that their contact and range of services for Brokers remains a priority.  Additionally, life insurers have introduced a moratorium on clawback and are assisting Brokers with online supports.

Brokers Ireland have developed a document that gives a summary of some of the Covid-19 related issues that Brokers Ireland have liaised and sought clarification with Insurers over the last number of months.

This latest updated document includes:

  • Broker Clawback
  • Life Cover – Guaranteed Term Protection (GTP) & Guaranteed Mortgage Protection (GMP)
  • Serious Illness Cover – GTP & GMP
  • Hospital Cash Benefit
  • Income Protection – does periods of self-isolation count towards the waiting/deferred period
  • Personal Accident Benefit
  • New Policies – Underwriting
  • Pension transfers
  • Death claim on an investment / pension / post retirement fund
  • Group Risk policies
  • AML requirements
  • Broker supports

To view the full details please click here

For any member queries on financial/life issues, please email Rachel McGovern, Director of Financial Services at rachel@brokersireland.ie or Pierce Friel, Financial Services Assistant at pierce@brokersireland.ie

 


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