L to R: Rob Vitnell, Daniel Musumeci, Damien Jones
Australian Financial Risk Management (AFRM), a specialist risk-only life insurance advice firm, has reached the milestone of managing over $400 million in life insurance claims paid to clients. The achievement comes from their scale and expertise in risk, built from almost 30 years in business.
Rob Vitnell, Managing Director and Adviser, said: “This milestone is a reminder of the many families we’ve supported when they needed it most. In their darkest times, we’ve been there to help navigate the complexities of life insurance. Our scale and expertise in life insurance is unique as it is our sole focus.”
Daniel Musumeci, Executive Director and Senior Adviser, added: “Risk advice works best when we collaborate with referral partners, particularly financial planners. Outsourcing allows our partners to focus on what they do best, whilst clients receive the best outcomes delivered by a team of specialists.”
Latest figures from the Council of Australian Life Insurers (CALI) noted only 185 risk only advisers across Australia, underscoring the lack of experts in the industry.