Spread it around
Sincere apologies, but as with so many things I have discovered over the past 10 years or so that I was wrong about something. A long time ago, when I'd answer the phone and prepare quotes for insurance brokers all day long, I still remember doing quotes for a broker who I thought, cordially, was insane.
You see, he'd be doing quotes for a modest budgeted premium - let's say $50 a month - and he'd have a little bit of disability income protection, a little life cover, some TPD, the tiniest pinch of trauma cover ($20,000 was typical), and even sell $50,000 of accidental death - and he must have been the only man I ever knew who sold passenger accidental death benefits, which is specialised to the vanishing point...MORE»
The case for KiwiSaver insuranceTuesday, July 6th, 3:43PM
When looking at any investment, it pays to consider risk. But curiously, some people don't think so. MORE» |
Some do and shouldn’t, some should but don’tWednesday, May 5th, 5:28PM
People are funny about what they claim for. I recently did some digging into disability statistics and found some startling trends. MORE» |
Does price matter?
The change in a number of insurers premium rates this last week has been a window on how they view the market. Most of all, into whether or not they think price matters, or perhaps, how much they think it matters to them.
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Do Brokers Cost More?
It's a lazy assumption that when a "middleman" is getting a commission then the result will be a more expensive premium.
MORE»Something Old, Something New
Following loss of a loved one is a good time for most professional sales people to stay away from the bereaved family. Except for the life insurance salesman, who is there to deliver.
MORE»Opinion: 200 years old
A friend of mine recently sent her policy into BigCo for a change of policy owner. Her experience tells us just how far life insurers - even one that is arguably amongst the best - have to come to measure up to the standards we see in banking. I can't tell you how much it hurts to say that, as banks haven't exactly covered themselves in glory recently.
MORE»Opinion: Overinsured and unhappy
When incomes are shrinking clients with indemnity policies may quickly find that their income protection cover is miles above their pre-disability earnings.
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