Major life insurers in Australia have placed advisers on notice that now is not the the time to seek to switch clients to new underwriting arrangements, as the coronavirus outbreak is still on the rise. TAL and MLC Life have introduced new policy provisions for any new customers in response to the COVID-19 pandemic but existing customers will still be covered. ClearView went ahead with a repricing of its income protection products and ending agreed-value arrangements. The message from major insurer TAL is that it is not impossible to obtain cover, but tight rules are being applied. ...
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