Oral reply to Parliamentary Question on early access to life insurance death benefits for seniors

Why this matters

This is an oral parliamentary reply articulating MAS's policy stance on a proposed product feature (early death benefit access for seniors). The government declines the proposal, reaffirming that life insurance death benefits are designed to be paid only upon the insured event, and directs stakeholders to existing alternative products (cash value policies, long-term care insurance, retirement income products). No new rules, consultation, or enforcement action is announced. The response is informational and clarifies existing regulatory thinking rather than imposing new obligations.

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