Significant changes are coming to the life insurance market in Australia that may impact you. The Australian Prudential Regulation Authority (APRA) announced on the 2nd December 2019 a number of measures, that will require life insurers to address issues with income protection insurance. As a result, the design and some key features of current policies may no longer be available from the 31st March 2020.
If you already have cover in place, these changes will have no impact on your policy - you will be able to keep your existing policy along with any existing features. But if you don’t yet have cover there is a window of opportunity between now and the 31st of March 2020 to apply for a policy.
The AMA(ACT) has organised an Income Protection Insurance Seminar to be presented by one of our preferred partners, Specialist Wealth Group.
Event details
Wednesday 4th March 2020 at 6:30pm-8-30pm
AMA(ACT) Ground Floor, 42 Macquarie St, BARTON ACT
This insurance masterclass will cover:
- The benefits of applying for cover now before these changes occur
- The reasons APRA instituted these changes
- What it all means and the impact it could have on you
- The state of other sectors of the insurance market, including Life Insurance, Total and Permanent Disability Insurance, Critical Illness Cover and Income Protection Insurance.
This seminar is FREE for AMA(ACT) members.