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As policies grow more complex, some also seek simplicity.
National Underwriter Life & Health-Financial Services Edition, September, 1997 by Koco, Linda
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More complex insurance products have resulted in the introduction of simplifications to make enhanced products more manageable. Individual as well as group insurance products are utilizing this technique in a variety of product classes. A few examples of these products from Hartford Life, CIGNA Group Insurance and Fortis Benefits Insurance Co are discussed.
Today's drive towards ever more complex insurance products has inspired a surprising counter-trend: The rise of policies that put simplicity at center stage.
That may sound like an oxymoron, but it's not. Companies so inclined say ...
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