Marianne was 46 years old. She worked in the banking industry and had Life Cover.
In March of 1997, she went to see her doctor as she hadn’t been feeling well for some time. Her doctor diagnosed her condition as cancer of the gall bladder. The doctor also advised that her illness was terminal and that unfortunately she was unlikely to live longer than 12 months.
Marianne was suddenly faced with the prospect of trying to make the most of the time she had left, as well as ensuring that the loved ones she would inevitably leave behind would be provided for by her estate.
A letter from her doctor was sent to the insurance company confirming that Marianne had less than 12 months to live. With this in hand, the following day the insurer paid her a lump sum terminal illness benefit of $93,000, which equated to the total amount of her Life Cover.