Zurich voted Australia’s best value life insurance

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Zurich Financial Services Australia (Zurich) has been awarded Canstar’s highest honour – the 5 star Outstanding Value award – in recognition of the quality and value offered across its retail life insurance range. Zurich has now received this accolade twice in the last three years. In addition to the top award, Zurich also picked up […]

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AMP launches resource hub to help advisers get LIF ready

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AMP’s insurance business has launched a Life Insurance Framework (LIF) resource hub featuring a range of tools to help advisers prepare for the legislation taking effect from 1 January 2018. Advisers can assess their LIF readiness with a cashflow modeller that allows advisers to consider the impact different remuneration structures could have on their business. […]

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TAL equips advisers to better understand cancer

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TAL, Australia’s leading life insurance specialist, has launched a new education course that prepares financial advisers to better understand cancer conditions and give their clients the best possible support. Run through TAL’s industry leading Risk Academy, the course is presented by TAL’s Health Services team and focuses on understanding the staging, diagnosis, prognosis and treatment […]

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ANZ strengthens OneCare insurance offering with greater choice

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ANZ Wealth yesterday released its new Income Secure Essentials and Severity Trauma covers, as part of the OneCare range to offer customers more cost-effective and accessible life insurance options. ANZ Wealth Head of Life Insurance Gerard Kerr said, “These new covers are a really positive step toward providing advisers and customers with more affordable life […]

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What does the future of Trauma insurance look like?

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“Change is the only constant”, or so the saying goes, and the life insurance industry is no exception. Just as the typical client of today is changing, becoming more “diverse, demanding and connected”[1], so does the approach that we take to the range and flexibility of cover we provide. The world is already moving towards […]

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Ten things you need to know about Zurich’s Life Risk Update

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On May 15 Zurich announced a major revamp of its life insurance offering. Here’s an outline of ten things you need to know about the changes that have been made. 1. ‘Best of breed’ offering to truly tailor your advice This is our first major product update since acquiring the Macquarie Life risk business in October […]

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Don’t overlook contribution opportunities for employees

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The 2017 superannuation changes provide new opportunities for employees to finance their insurance needs. The new regime changes include the welcome abolition of the ‘10 per cent rule’. This rule prevented employees making additional deductible personal contributions into superannuation, even though the additional contributions did not breach the concessional (tax deductible) contributions caps. Outline of […]

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ANZ Wealth launches video series to demystify insurance

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ANZ Wealth yesterday announced the release of a video series designed to support advisers and superannuation funds help their clients understand how they can make the most of their insurance cover. The six videos, hosted by Australian media identity James Mathison, offer a straight-talking and engaging guide to insurance that responds to feedback from the industry […]

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AMP Elevate enhancements boost choice and flexibility

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AMP has launched a series of new features and improvements to AMP Elevate insurance, giving advisers and customers more choice and flexibility when it comes to life insurance. Standard income protection plans in super can now be linked to plans held outside super, allowing customers to take agreed value income insurance while paying most of […]

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MetLife on a mission to make sure every working Australian knows they have insurance

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MetLife Australia has embarked on a national campaign to raise awareness and understanding of group insurance, which the leading insurer sees as essential for working Australians and their loved ones. MetLife wants more Australians to understand the default insurance that automatically comes with their superannuation can provide a valuable safety net, should the worst happen. […]

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