Changes are happening to income protection insurance. One of the main changes has already taken effect and we discussed it in an article two weeks ago. There are two more major changes, the first of which we discuss this week. We will discuss the final change next week.
Changes are happening to income protection insurance. One of the main changes has already taken effect, with a couple of others slated for 2021. This article will discuss the changes that have already taken place and we will publish a couple of articles in November discussing the changes that are yet to come.
the mathematics underpinning life insurance has a lot in common with betting on horse racing. Because of this, most punters and most life insurance policyholders ‘do their dough.’ That said, life insurance is a bet you hope you lose - which makes it very different to backing a slow horse.
People typically need life insurance at the same time as there are many demands on their income. In fact, it is the presence of these demands that creates the need for insurance in the first place. Because money is tight, it always pays to make life insurance premiums as affordable as possible.