Protection Watch...with Kevin Carr

KEVIN CARR

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Our protection detective gives his verdicts on five key developments in the industry this month.

Waiting for the ‘G' day? There's a lot of noise building up about ‘G-day' when Gender neutral pricing kicks in. I've read a few blogs, however, suggesting some people should wait until after ‘G-day' before buying cover, which is frankly nonsense. Yes - while the cost of life cover is likely to increase for women, Income Protection rates could fall. But this is too simplistic. First, it is not just gender that is the issue. There are other changes impacting life offices which could also push premiums up, and more importantly those who need protection should never wait to buy for the sim...

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