This presentation examines income protection and industry fund insurance, comparing generous pre-October 2021 legacy contracts with today’s more restricted but sustainable policies. It details key differences in disability definitions, benefit periods, partial disability rules, and features like booster benefits, specified events, and involuntary unemployment waivers. The video also contrasts retail policies with industry funds, noting where benefits are more limited, and stresses the importance of weighing affordability against the potential loss of valuable legacy features when considering replacements.
Accreditation Points Allocation:
0.25 Technical Competence
0.25 Client Care and Practice