Three traps for GPs to watch when purchasing risk insurance
The life insurance industry is in turmoil. Rising claims are pressuring the insurers’ profits and leading to extreme increases in premiums.
At the same time, commission rates are being cut, and this is leading to unsavoury selling strategies designed to increase premiums and, hence, the dollar value of the advisers’ commission incomes.
It’s important for doctors to have a healthy scepticism about risk insurance advice. They must realise there is a fundamental