Life insurance delays cut
Bereaved families will receive a life insurance payout in just four weeks under new industry guidance published this week.
It takes around four months for insurers to pay up because legal problems can cause delays.
But now anyone due a payout can simply give the insurer proof that they are the main beneficiary and agree to pay back money paid in error.
The guidelines, drawn up by the Association of British Insurers and the Law Commission, should help the 32,000 families who claim on life insurance annually.
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