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Most people have a unique bucket list of adventures and achievements they are keen to experience in their lifetime. Some include trekking up Mount Kilimanjaro, others long to take a hot air balloon ride over Cappadocia in Turkey or watch the Monaco Grand Prix live in person.
If the COVID-19 pandemic has done anything, it’s exposed the shortcomings of the long-term insurance industry. Precious few insurers were prepared for a crisis that would result in a local and global lockdown, leaving many policyholders without jobs, and likely even more customers facing hard decisions between what they can afford and what they should prioritise.
The strongest deterrent against FSP compliance missteps is or should be: