If the genes don't fit ...
Article Abstract:
The Association of British Insurers has recently announced that it will from now on require anybody who has had a genetic test to reveal the outcome to his or her insurer. This has the potential to considerably push up the cost of pension protection, life insurance and health insurance for large numbers of people. Indeed, some individuals may not be able to obtain cover at all if a genetic test reveals a particular disease. The association points out that prospective policyholders will not be required to undergo compulsory tests when they apply for insurance cover.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Take care of No1
Article Abstract:
It seems increasingly likely that elderly people in the UK will not be able to rely on government assistance to fund the care they require. Against this background, it is important to consider ways of funding long-term care. One approach is to maximise savings, possibly by adding to a savings portfolio in order that the funds can be used to pay for care when it is required. Pensions can also be useful, as contributions to them are tax-deductible. It is also worth considering long-term care insurance.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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