The messed up world of income protection structures
You may have noticed that we now have to Age 70 as an option for the payment term on income protection.
Well, I hope you have because it's been an option in the market for over 20 years!
However, the insurers have stalled on this, and some of the criteria for income protection leave me shaking my head.
Let's run through what I have found with the current options available to us.
If you apply for a 2- or 5-year benefit or any other that's not to age 65 or 70, you can only have this with ...MORE»
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