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

From

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 […]

continue reading

Don’t overlook contribution opportunities for employees

From

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 […]

continue reading

ANZ Wealth launches video series to demystify insurance

From

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 […]

continue reading

AMP Elevate enhancements boost choice and flexibility

From

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 […]

continue reading

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

From

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. […]

continue reading

New CommInsure underwriting offer to improve adviser productivity

From

CommInsure has enhanced its underwriting offer with a new tele-interview service and upgrades to its underwriting rules to improve adviser productivity. The improvements are part of a wider program designed to deliver a more seamless and efficient experience for advisers applying for a client’s life insurance cover. Advisers will now have the option to request […]

continue reading

Make claims part of your value proposition

From

The continued focus on LIF has spawned a number of corollary discussions, with one of the most important being around the concept of the adviser value proposition. Put simply, your value proposition is the total package of value you deliver to your clients, in exchange for the remuneration you receive. Regardless of whether that remuneration […]

continue reading

Brokers provided with enhanced loan protection offering for home buyers

From

ALI Group, the leading provider of loan protection insurance to the broking industry that covers Australian home owners from financial hardship, has announced enhancements to its core product offered by brokers, Loan Protection Plan. The enhancements will provide brokers with an improved solution to protect their clients, and are based on feedback ALI Group received […]

continue reading

The end of the affair?

From

Synchron has revealed progress on a term level life insurance offer being developed by AIA Australia (AIAA) which Synchron Director, Don Trapnell said will help end the industry’s love affair with yearly renewable premium rates. Speaking at Synchron’s recent Sydney Professional Development Day, Mr Trapnell said, “Australia is the only country in the world that […]

continue reading

Seven things small business owners should consider in 2017

From

Australia’s more than two million small businesses make an enormous contribution to our communities and are the backbone of our economy. Yet, according a MetLife study* almost half (47%) of small business owners are exposing themselves, their families and employees to the financial impact of illness, injury or even death through lack of insurance cover. […]

continue reading