The recommended insurance policy is better than the existing one because it is lower in cost but provides more comprehensive coverage with higher sums insured for each component. The recommended income protection has better definitions, a shorter waiting period, longer benefit period, and higher sum insured. The recommended life and total permanent disability policies also have a lower level premium structure compared to the stepped premiums of the current policies, and would provide more extensive coverage for the person's family.

1. Replace your
existing insurance
 xxx, we recommend you replace your existing insurance with the
recommended policy because:
o The recommended cover is lower in cost than your
existing cover.
o The recommended insurance is a more comprehensive
package than your existing insurance cover;
o The recommended insurance has higher sums insured for
each component;
o The recommended income protection policy has a better
range of definitions, has a shorter waiting period, a longer
benefit period, and a higher sum insured;
o The recommended life and TPD policies are level
premium, whereas your current policies have a stepped
premium structure;
o More extensive cover was required to provide your family
with the necessary insurance cover.
 A comparison of the costs of your existing insurance and our
recommendation is provided below.