Major and important changes to income protection insurance
I wrote a blog in December last year about how difficult personal risk insurance (e.g. income protection, Life and TPD) is becoming to obtain. Also, in December, the government directed Australian insurers to make some very significant changes to their products. I have been waiting to measure the insurers response to these directives. These changes will have a significant impact on your future insurance options.What is currently offeredBefore I discuss the changes that the government has asked for, it’s important to appreciate the status quo. Most income protection policies have four main…
The skinny
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