Changes to how you can claim on income protection insurance are coming – here’s what you need to know

Income protectionRisk Insurance

13 August 2021

Most current comprehensive income protection policies provide a three-tier definition to claim but from 1 October 2021, it will be limited to one definition or one way to assess a claim. Additionally, changes to how your claim is assessed are also set to have major impacts.

Risk Insurance Partner, Paul Milbourne, discusses the impact of these changes in further depth, outlining one of the major reasons you should look to purchase income protection insurance before 1 October.

There’s never been a better time to protect your income. For assistance with establishing or reviewing your income protection policy,contactour insurance experts today.

Author: Paul Milbourne

Paul has over 18 years experience in the financial services industry including running his own business and several years in Asia providing specialised solutions for Australian's living all over the world. Paul helps breaks the complicated in too easy to understand real life scenarios; ensuring his clients are able to make sensible decision on how...