Own Occupation versus ADL definitions in Income Protection Insurance
September 12, 2011
This Money Marketing article suggest that there should be the option to switch between own occupation and ADL-based definitions of disability for classes three and four occupations. It's a good idea, the flexibility might tempt more of these occupations to take up income protection. Clients might take the ADL-based definition initially based on price and upgrade when offered the option at a later date if their budget then allows.
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