Justin Taurog: The world is changing fast...IP needs to as well

"IP needs to be more relevant to the needs of today’s clients"

clock • 5 min read

The way we live and work has changed considerably in recent years, however traditional forms of income protection (IP) have struggled to keep up, writes VitalityLife managing director, Justin Taurog.

Today, it's increasingly common for people to change jobs - even career - multiple times during their lifetime, with much less loyalty to an employer than in the past[1]. At the same time, we've seen a big increase in self-employment and those running their own businesses. Meanwhile, the rise of the so-called ‘side hustle' has led to more people working multiple jobs, often out of financial necessity[2]. With life expectancy increasing and the state retirement age edging up, people are working longer to ensure they have enough wealth to fall back on in later life[3]. Wider economi...

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