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Super-indemnity issues when combining IP and MP benefits

Combinations of IP and MP that create high replacement ratios have been highly sought-after by advisers on behalf of their clients for some time. The pressure on family budgets for clients, combined with the desire to demonstrate competitive advantage, have brought replacement ratios for the combinations higher. Yet higher replacement ratios are, at claim time, correlated with longer claims and a poorer prognosis for a full return to work. Above all, a benefit that is higher than pre-disability income, is to be avoided. The incentives then are really turned on their heads. That has been a factor in the changes to a number of products. The restructure of Asteron Life's MP last year, and the introduction of the clause below from OnePath: 

Opl concurrent payment

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