What Does 2022 Have In Store?

3 minute read

It’s the most wonderful time of the year again and this year more than ever we all could use a little holiday cheer.

2021 kept us on our toes and it is not slowing down just yet. While approaching the holiday season and New Year, we have a few pointers to help you stay ahead of any changes that are coming in the new year.

In 2022 we aren’t expecting any groundbreaking changes, however, if history repeats itself here are some things we are anticipating.


With the recent events relating to health and wellness, insurance policies are at the forefront of many people’s minds.

Due to these circumstances, the insurance industry has been very busy. This impacts the speed at which you can receive income protection from the application.

The last thing you would want to happen is to become disabled before you have secured your policy, or even worse, get stuck in the pipeline and run into an illness.

These events and life changes are completely unpredictable and it is always better to be safe than sorry. Securing your income before these backups happen would be in your best interest.


Another prediction we can make is changes to coverage limits, due to changes in years past.

Flexibility is the name of the game these days, and you want to make sure that your coverage options are limitless.

In the past years, some companies have started adding more choices into their policies without increasing costs or decreasing benefits by changing certain terms and conditions, allowing consumers to get what they need while staying within budget!

While it is true that people can go in one direction or another when it comes to changes, there's also a chance that policy changes can be detrimental and decrease your limits or add additional hurdles to access a certain amount of coverage.


 In recent years we have seen changes in discounts resulting in much higher rates.

We have also seen increases in marginal rates to keep the marketplace competitive and up to date with the current economy.

At this time we have not heard any confirmation about expiring discounts or increases in rates throughout the big six companies. However, it is something to keep in mind when deciding when to get started with income protection.

The last thing you want to do is buy a policy when rates are increasing, but it's even more important to act before these changes are implemented.

Unfortunately, there is no definitive answer when it comes to how and when insurance companies will implement changes. Some of these changes can be beneficial but others could end up costing more money in the long run!

To protect yourself and your money, it is best to check out all of the Disability Insurance options now before anything changes.

There's no better time than now to protect yourself from disability and its financial burdens. To do so, you should make sure that nothing changes with your current policies before it is too late!

To get started with your disability insurance policy in 2021, click here.