tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Saturday, December 7th, 8:03AM

Insurance

rss
Latest Headlines

Dorchester launches SimpleLife

Dorchester Life's latest offering  is a new life insurance product that keeps it simple.

Wednesday, April 14th 2010, 6:13AM 2 Comments

by Paul McBeth

Dorchester Life has continued its roll-out of new products with a new life insurance policy that asks six basic health questions and will cover pre-existing conditions if the company has been advised in writing.

Called SimpleLife, the new policy has a maximum cover level of $250,000 and offers interim accidental death cover, accelerated funeral advancement, terminal advancement benefit, and an option to increase cover in certain events.

"We think it will fill a gap in the market that is currently untapped - mainly because most of the other products out there are just too complicated for many people to purchase," said chief executive Henry Lynch. The simple terms mean "advisers don't have to jump through hoops going backwards and forwards to their clients with numerous medical follow-ups and test requests from the insurer."

The policy follows the same vein as last month's Stop-Gap product - a simplified income protection.

DorchesterLife is offering its customers the option of fortnightly payments on SimpleLife's premiums, along with the traditional monthly and yearly options. Annual payments receive a 10% discount, as do joint applications.

The product is backed by German re-insurance company Hannover Life Re.

 

Paul is a staff writer for Good Returns based in Wellington.

« AIA launches new business productsTNP signs up with X-Plan »

Special Offers

Comments from our readers

On 14 April 2010 at 9:27 am Johnny Adviser said:
Good on them. The low end, trainer-wheels type clients have been ignored until now.
On 18 April 2010 at 3:17 pm billy the broker said:
We will see how long this contract lasts before they are hit by claims!
Commenting is closed

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Apex Advice buys life business
Auckland-based Apex Advice has acquired a well-established insurance advice business.

Chubb's latest champion
Young maths prodigy takes out actuarial award.

New book: Unlocking group insurance
Christchurch adviser Corey Williams has released a new book helping advisers and employers put group insurance schemes in place.

Insurer gets warning from RBNZ
Geneva Finance's insurance subsidiary Quest Insurance been given a warning from the prudential regulator.

News Bites
Latest Comments
  • Advisors must take note of supervisor guidelines on AML/CFT
    “When I read this, the following memory plucked a note. Venue was a US financial planning conference maybe 30 years ago. Speaker...”
    20 hours ago by Murray Weatherston
  • Partners kills its matrix
    “@Backstage, thanks. I agree there is no relationship to CoFI, though, from a service perspective, I have two other providers...”
    3 days ago by JPHale
  • Partners kills its matrix
    “Partners Life has decided to stop using its COM for advisers as it believes the system may breach the CoFI regulations which...”
    4 days ago by Amused
  • Partners kills its matrix
    “Insurance companies should stick to their lane. They are not advisers and even those that employ advisers should not be crossing...”
    4 days ago by Tash
  • [GRTV] The nitty gritty of Smart’s ETFs
    “Advisors should consider all gateways into investment markets including cheaply priced ETFs to provide access to low priced...”
    4 days ago by Pragmatic
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  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com
x