Can you kindly explain the answer to the question on page 16 of Chapter 20? I don't understand how this relates to time selection:
"Individuals with life assurance policies where the sum assured exceeds say £100,000, given the higher sum assured may suggest they are more likely to have taken out the policy recently."
"Individuals with life assurance policies where the sum assured exceeds say £100,000, given the higher sum assured may suggest they are more likely to have taken out the policy recently."