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The process of taking up life or funeral insurance is often treated as a tick-box exercise and people overlook important factors such as selecting the right beneficiary. In most cases, nominated individuals are not even aware that they are beneficiaries on someone’s life or funeral insurance policy.
It has been suggested by some that the judgment against Outsurance in favour of Mr Jerrier in the KZN High Court 2015 resulted from a failure of plain language. On the contrary, it is based on the plain meaning of the bargain. The court found:
With December just around the corner, you have probably already started planning your trip home for Christmas – an occasion which inevitably will include a variety of summer family celebrations, from initiations to weddings.
The assisted suicide debate was elevated in the news earlier this year when Robin Stransham-Ford – a terminally ill cancer patient – won a ruling in the Pretoria High Court in which he was granted permission to take his own life with the aid of a doctor. The ruling stated that the doctor who would assist Stransham-Ford would not be criminally charged for the act. Ironically, Stransham-Ford passed away hours before the ruling on 30 April 2015.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?