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Important changes to income protection insurance
Michael Waycott, Director of The Bongiorno Group, discusses important changes to income protection insurance.
Australian financial regulator APRA has announced major reforms to income protection insurance, which will reduce the amount of benefits available to Australian policy holders . So, if you haven’t looked at your current cover for a while, best you do so now. That’s according to Michael Waycott, Director of The Bongiorno Group, who discusses the changes which will be implemented by 1 October 2021.