Life insurance products MIA
Russell Hutchinson asks: What’s missing from the life insurance picture and comes up with a good list.
Recently I was asked again to think about what’s missing from the life and health insurance product landscape.
Here is what I came up with. It is far from an exhaustive list, but I think, worth considering.
Traditional or with-profits business has almost entirely disappeared. I remember why this product has ceased to exist – it was attacked as poor value...MORE»
KiwiSaver and Insurance: Assessing lifetime financial needsTuesday, April 9th, 6:00AM
As we approach a significant debate on whether insurance should be integrated into KiwiSaver, I personally feel we should shift our focus towards a more fundamental and engaging topic: the assessment of financial needs for one's entire life. MORE» |
The AI revolution in financial advice: A reality checkTuesday, March 26th, 10:36AM
Russell Hutchinson looks asks whether artificial intelligence (AI) is a threat or a help to financial advisers. MORE» |
I would do anything for life, but I won’t do that
The Financial Advice Association of Australia (FAAA) addressed a letter to the Australian Prudential Regulation Authority (APRA) concerning the Life Insurance Data Transformation consultation. What does this have to do with the New Zealand market? A lot, in fact. Australian regulation has been an exemplar, perhaps, of what not to do.
MORE»How to handle clients during the cost of living crisis
My favourite current quote is about averages. Something I picked up at MDRT recently: in one hand you hold a burning hot coal, straight out of the fireplace. In the other hand you hold a freezing block of ice, from a commercial deep freeze – very cold. On average you are fine!
MORE»Which is the riskier business? Advice or Product?
Russell Hutchinson ponders what is more risky: Giving advice or making products.
MORE»Why sales is more relevant than ever in an era of increased regulation
This question started when I heard Tony Gribble talk about the value of the Million Dollar Round Table, or MDRT, at an adviser meeting recently.
MORE»Who understands the new map of life?
The whole idea that there is a ‘map’ to life seems more appropriate for a spiritual discussion rather than a column on financial advice, but… we’re planning for the future and the concept seems seductive.
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