Which type of policy would be unsuitable for someone who wants coverage beyond age 65?

• A. Serious illness cover with loss of independence
• B. Income protection cover
• C. Any occupation PTD
• D. Fixed-term life assurance

Answer: (D)

A fixed-term life assurance policy is designed to provide coverage for a specified period, which often ends before the insured reaches the age of 65. This means that if someone is seeking coverage that extends beyond that age, a fixed-term life assurance would not meet their needs since it typically does not extend into later years.

In contrast, options like serious illness cover or income protection can often be structured to provide coverage that adapts to the insured's needs throughout their lifetime, including beyond age 65. Similarly, any occupation permanent total disability (PTD) policies could also offer longer-term protection, potentially throughout an individual's life. Thus, for someone explicitly wanting coverage beyond age 65, fixed-term life assurance would not be suitable as it would cease to provide benefits before that age.