The New World Of Income Protection
For many clients, income protection (IP) insurance is an important safeguard to protect their ability to earn an income in the event of disability, sickness, or injury. However, with the upcoming APRA IP guidelines soon to become industry standard, the changes will have a major impact on clients who are seeking IP insurance, or for clients who are considering making changes to their existing cover. This article explains the key changes and how advisers can prepare for the new IP product settings coming into effect on 1 October 2021.
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