Oxley Bridge Advice


An interesting finding came out today from a leading life insurance provider which I couldn’t resist writing about as it’s something that is close to my heart. They found that the highest peak of ‘living insurance’ (income protection, trauma, and TPD) cancellations were between the ages of 45 – 50 years of age and that a high percentage of these clients were suffering from a claimable event only 1.5 years after their policies were cancelled.

This to me wasn’t a huge surprise, more often than not clients are placed on a stepped premium structure to make the premiums more affordable initially. But this short-term affordability may be hurting your wallet more than you know. . . granted, stepped premiums are cheaper than level premiums initially but these premiums increase each and every year, sometimes by extraordinary amounts as you get older and more likely to claim.

I’ve completed a comparison on a…

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