AMP head of product on-sale for retail wealth protection John Ashton said changing work patterns, family structures and business practices, as well as ever-improving medical care, meant insurance solutions needed to be continually updated to remain competitive. "In a world where not every client will be getting married in the traditional sense, we've adjusted our guaranteed future insurability (GFI) feature to allow de facto couples to increase their cover more easily," Ashton said.
GFI is a feature that makes it easy to increase cover at key times in a person's life, such as having or adopting a child and becoming a carer for the first time, without having to provide any evidence of health status.
