|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Thursday, April 2nd, 10:34PM


Latest Headlines

Pinnacle Life boosts 'instant' life cover

Pinnacle Life has increased its electronic underwriting limits by 60%, enabling it to now offer life cover up to $800,000 instantly online.

Friday, February 1st 2008, 11:20AM
Pinnacle partner Ed Saul says, "You can now insure your life for $800,000 without a medical and get your policy straight away."

When Pinnacle launched in May 2007, its limit was $500,000. "Our limit came under pressure with increasing numbers of consumers seeking the convenience of instant cover for yet larger policies," said Saul. They responded with $800,000, available "with the click of a mouse."

Applicants are led through a series of typical insurance underwritten questions covering their health, lifestyle, occupation and pastimes. Those with no indicated health risks can complete the process – from quote to policy document – in less than 10 minutes.

Saul believes their increased limit enables them to compete more readily with the more traditional paper-based products.

Pinnacle Life's $800,000 limit is backed by Hannover Re, the largest re-insurer of life-risk products in Australasia. Hannover Re endorses the 60% increase, reflecting their confidence in the quality of Pinnacle's online system.

« Ombudsman introduces conciliationWho do risk advisers work for? »

Special Offers

Commenting is closed



Printable version  


Email to a friend
Insurance Briefs

MDRT plans virtual annual meeting
The MDRT's annual meeting, which attracts more than 10,000 delegates from around the world, will be a virtual event this year.

ANZIIF cancels insurance awards
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has made the decision to cancel the 2020 Australian and New Zealand Insurance Industry Awards.

Partners Life supports rainbow community
Partners Life is again supporting the Rainbow Excellence Awards.

AIA receives Gender Tick accreditation
AIA New Zealand is the first insurer in New Zealand to be awarded the YWCA Gender Tick.

News Bites
Latest Comments
  • Advisers 'will drop out'
    “@gavin austin - actually our focus is on getting Advisers to ask their existing customers "What can we do to help you?"...”
    2 hours ago by Andrew Scott GM Newpark
  • Advisers 'will drop out'
    “Interesting comments Andrew. I take it from your comment about Dgs being worth their salt that you've provided your members...”
    4 hours ago by gavin austin adviser business compliance
  • AML flexibility offered
    “AML flexibility is great and well received. What are the law society and the JP organisation doing to find ways to reduce...”
    6 hours ago by Tony Walker
  • Advisers 'will drop out'
    “@Fred Dodds - with respect, focusing on your Level 5 qualification, or for that matter your transitional FAP licence, is...”
    8 hours ago by Andrew Scott GM Newpark
  • Covid withdrawals possible 'but not always desirable'
    “Very few of us have any idea what facing homelessness and potentially starvation (literally and figuratively) is like. As...”
    8 hours ago by Chris Hardcastle
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and