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Insurance

Insurance transforms end-of-life care

Tuesday 1st of October 2024

For Insurance Market adviser Johny Winstone, there are a number of impactful insurance claims his clients have made that stand out.

One case, a middle-aged woman with terminal illness, particularly sticks in his mind. “Once the terminal illness claim was approved, the [life insurance claim] was settled inside three days,” he remembers.

“She was quite a traditional Japanese lady who wanted to be in her own home – she and her husband decided at that point in time to use the life insurance payment in a completely different way than it was originally set up, as many people do.

“They were spending close to $40,000 a week on at-home equipment hireage – she was so susceptible to illness that they had to sterilise the house four times a week.

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