If you’re facing an increase of up to 70 per cent, you’re not alone. We outline ways to save by working out which features are essential.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Income protection insurance premiums are rising by more than 70 per cent with tougher terms for new policies or existing policyholders seeking additional cover.
Those needing cover but fearful of higher costs can save by negotiating with the insurer features ranging from extending the length of time off work before making a claim to reducing the benefit amount.
Fetching latest articles
Original URL: https://www.afr.com/wealth/personal-finance/how-to-reduce-income-protection-costs-as-premiums-soar-20210203-p56z9j
