Monday, August 8, 2016

Special Events Clauses - Making Insurance Changes Easier

If you have current insurance, there may be clauses in your policy (life, critical illness, permanent disablement, medical insurance, income protection etc.) that allow you to make changes quickly and easily, without any additional medical tests or screenings. These clauses can be triggered if you have experienced certain special events in the last 12 months. These events include:

  • Getting married or finalizing a divorce.
  • Having a child (by birth or legal adoption).
  • Taking out a new home loan or increasing an existing one.
  • A significant salary increase of 10% or more.
  • A spouse or partner passes away.
  • Other significant financial of personal events.

If you want to take advantage of these clauses or see if you have one that you can take advantage of, you can drop us a line free here.