Geoff Lloyd
Market entrant iExtend has made a number of senior appointments to its leadership and distribution teams, adding further experience and resources to support financial advisers seeking a more flexible and cost-effective way to maintain their client’s valuable life insurance.
Joining the iExtend team is former CEO of Perpetual and MLC, Geoff Lloyd who has been appointed to Chair of the Advisory Board, while industry stalwart and former Bankers Trust Australia Director and global partner of Bankers Trust NY, Rodney Payne is Chairman and Co-Founder – together bringing close to 70-years’ experience to the offer.
According to Geoff, iExtend is providing those Australians who need it most, a no-cost lifeline in terms of maintaining a portion of their life insurance cover.
“iExtend represents an opportunity for the insurance industry to demonstrate its innovation and commitment to being there for Australians by providing life insurance policyholders who are committed to cancelling their policies with another option.”
Rodney Payne also brings considerable industry experience, bringing together and running profitable customer-centric businesses from Bankers Trust Australia to having founded Zurich Capital Markets in early 2000.
“iExtend truly addresses a gap in the market, one which if addressed, can provide a lot more certainty and sustainability to insurance by helping Australians maintain valuable insurance life cover even when their circumstances change,” said Payne.
iExtend partners with life insurance owners to take co-ownership of the life policy, paying ongoing premiums on the cover which could have otherwise been cancelled. Co-owning a life policy with iExtend means policyholders can eliminate future premium payments from the percentage of the policy that was to be cancelled, providing a greater portion of any eventual claim for the policyholder’s family as well as greater financial certainty for them at time when they may need it most.
Joining the iExtend distribution team, Peter Clifford has been appointed QLD Distribution Manager. Peter has spent more than 30-years in the financial services industry and held several insurance specialist roles with insurance providers, adviser licensees and in corporate superannuation. Peter will work alongside Mark Stubbings, further strengthening iExtend’s national presence.
iExtend’s Head of Distribution Protip DasGupta commented, “The recent hires, not only expands our national presence but brings together a deep team presence with experience across wealth insurance and superannuation.”
Commenting on the appointments across the business, iExtend CEO David Sarkis said he was delighted by the calibre of talent who have joined the iExtend family.
“We have an exciting, fresh and innovative offer and it is great to see that not only advisers are responding enthusiastically, but also experienced industry professionals who know iExtend is filling a gap in the life insurance market. We are fortunate to have leading industry professionals at iExtend working to ensure advisers understand our offering and are provided the opportunity to retain and support clients in their best interest, despite having elected to cancel their life insurance.”
