Who does the secondary notice provision primarily protect?

The secondary notice provision is designed to protect the interests of certain individuals who may be particularly vulnerable regarding their insurance coverage, especially in the context of policy lapses or changes that could affect their financial security. In this case, the provision primarily addresses the protection of the insured over the age of 64.

Senior individuals often have different needs when it comes to insurance, as they may rely on these policies for critical aspects of their long-term financial planning, such as retirement income or health care costs. By requiring a secondary notice provision, insurance companies ensure that a trusted person—usually a family member or advocate—is informed if there are significant changes to the policy that could affect the insured's rights or coverage. This advance notice allows them to take necessary actions to avoid potential lapses or misunderstandings regarding the policy, thereby enhancing the protective measures for older insured individuals.

In summary, the focus on the insured over the age of 64 reflects a broad intention to provide additional safeguards for those who might need extra support in managing their insurance policies.