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Macquarie Life has introduced changes to its FutureWise and Super Protector offerings, following on from what it describes as a comprehensive review of the platform and direct feedback from advisers and risk writers.
It said the key change was an increase in the total permanent disability maximum sum insured for up to $5 million for white-collar professions. In addition, some higher income earners could secure more flexible disability income insurance with the option to insure for up to $40,000 a month.
Head of Macquarie Life Justin Delaney said the changes increased flexibility for advisers and clients.
“Traditionally, the insurance industry has been seen as fairly rigid in its approach to many issues such as how policies are put together and how they are paid out,” he said.
Delaney said Macquarie strongly believed the industry needed to evolve into something more flexible.
