CompaniesFinancial ServicesLife insurancePrint articleLabor inaction leaves customers wasting money on insuranceHannah WoottonColumnistAug 1, 2023 – 12.55pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLabor’s delay in acting on a recommended overhaul of financial advice laws is leaving Australians stranded with unnecessarily expensive life insurance or without cover they need, insurers warn.They say they cannot give advice to clients on questions as simple as changing life insurance as they age, have kids or pay off mortgages, which is causing unnecessary financial stress amid the cost of living crisis.Loading...Hannah Wootton is a Rear Window columnist, based in Melbourne. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreLife insuranceIncome protectionTPD insuranceSuperannuationStephen JonesHayne falloutRegulationFinancial plannersFinancial planningLatest In Financial servicesFetching latest articlesMost Viewed In CompaniesThe Australian Financial Review MagazineThe 25 new watches you need to know nowLuke Benedictus and Bani McSpeddenWhat OpenAI’s Sam Altman suggests you do to keep your jobThis Australian watch reseller is making its move on London and NYCBOSS Financial ReviewThe 5 tips that stuck with 2025’s BOSS Young ExecutivesHannah Tattersall, Rachael Bolton and Sally PattenHow a divorce at the age of 36 turbocharged this leader’s careerThe 3 traits that stand out among this year’s BOSS Young ExecutivesLife & LeisureThe most dangerous wine in the worldMax AllenWhy Maserati is bucking the EV trend with this supercarNothing is as good as the controls on these high-end headphonesRich ListStake.com founder invests millions to build Australia’s ChatGPTPaul SmithRich Lister Walker family donate millions to Sydney cancer centreChina provides reality check for Forrest’s green iron dream
