A universal life insurance application form is a step closer after one insurer’s announcement that it will accept some applications using competitors’ forms.
AMP has introduced a new system that allows advisers to submit new lump sum business using other providers’ application forms.
AMP’s “linking forms” are designed to cut the time spent processing applications and reduce customers’ need to fill in multiple forms. There are no underwriting questions in the linking form.
It is being offered on Lifetrack and Risk Protection Plan lump sum products and is available for AIA, Asteron, Fidelity Life, One Path, Sovereign and Partners Life forms, not banks...MORE»
Wednesday, April 22nd, 2:05PM
A company that offers to sort out contentious insurance claims says it can provide a boost of up to 8% to a financial adviser’s bottom line.MORE»
Tuesday, April 21st, 6:00AM
Insurers could be given online automatic access to clients’ medical records, to avoid issues of non-disclosure, an industry commentator has suggested.
Do you think people today are sicker than they used to be just 50 years ago? If not, why are there more of them off work?MORE»
A KiwiSaver-style workplace insurance programme has been suggested as an option worth exploring to increase private health coverage in New Zealand.MORE»
An evergreen theme is to ensure you do the basics well. Clients appreciate it when you make things easy for them. The struggle is how to achieve that when almost everyone seems intent on making insurance cover more complicated – insurers and regulators are just two.MORE»
Partners Life is adding several benefit improvements, from April 1.MORE»
This year’s Financial Advisers Act review should consider how advice could be made commercially viable without the need for high upfront commissions, the Financial Services Council says.MORE»