In this episode of Advocacy in Action, host Carolyne Eagan, co-host Robin Bailey, and guest Gavin Mosley discuss a heartbreaking but important gap in legacy dependent life insurance contracts: survival clauses that require a newborn to live for 24 hours or 14 days before coverage applies.
What You Will Learn:
- What legacy dependent life survival clauses are.
- Why 14-day and 24-hour waiting periods can create devastating claim denials.
- The reputational risk to employers and advisors.
- How carriers and brokers can modernize contracts.
- Why “from live birth” should be the new standard.
- The possibility of going further with stillbirth coverage and grief support.
Featuring:
- Carolyne Eagan, SHBA, Advocacy In Action Co-Host
- Robin Bailey, Aria Benefits, Advocacy in Action Co-Host
- Gavin Mosley, Mosley Group Benefits Inc., SHBA Working Group Chair – Insurance & Plan Sustainability
Resources:
- Modernizing Group Dependent Life Insurance Coverage for Children
- Register for our Alberta Webinar Series open to anyone: August 25th Meeting Registration – Zoom
- Register for our Alberta Webinar Series open to anyone: September 15th Meeting Registration – Zoom
Bring Your Voice to the Table. Learn More about Membership with SHBA by clicking Here.
🎧 Follow and Listen to Advocacy In Action any time! YouTube | Spotify