Written by Aaron Alston.
Effective October 1 2021, all major life insurers ceased offering their current range of income protection polices and were instructed to comply with APRA’s sustainability measures. This was in response to APRA being concerned that life insurance companies have been keeping premiums at unsustainable low levels to compete for customers.
Written by Kris Wrenn – Senior Adviser I’ve often said to my clients that Insurance is a very unique product, in that you pay good money for it, but hope you will never use it! Estate planning expenses, i.e. paying for a Will, is a similar premise, in that you yourself will never directly benefit from it.