I'll have something to say about Fiji later, when I catch my breath.
However, this caught my eye a few minutes ago.
The first reaction of any prudent insurer will be to decline or load any application from a person who is unwilling to divulge the information sought. Insurance is a privilege, not a right, Madame Schroff.
Less prudent insurers will take on these substandard risks and, as a result, the number of disputes at claim time will increase as information comes to light after the event which should have been available before.
Premiums will rise to cover the additional risk as those who refuse to disclose all information required will find their behaviour brings with it substantial cost. It goes something like this.
Client Joe Nurk, age 52, non smoker
Offer of terms:
Life, standard rates plus 50% premium loading;
Trauma, standard rates plus 150% premium loading;
Income Protection, decline.
Upon release of full medical history, these terms may be reconsidered.
If you don't like it, take your lousy business somewhere else.