BGL enhances life insurance solution

Self-managed super funds can now obtain quotes and review life insurance policies via SMSF admin software Simple Fund 360.

Parent company BGL Corporate Solutions appointed AIA Australia as the underwriter and Australian Group Insurances (AGI) to provide life insurance quotes.

BGL managing director Ron Lesh said the new functionality makes it easy for SMSF trustees to fulfil obligations about reporting life insurance requirements.

The solution provides SMSFs online access to life insurance at competitive wholesale rates and provide significant savings for members, he said.

"In a few mouse clicks, Simple Fund 360 clients can review a fund members' life insurance, prepare an insurance quote, pre-fill an insurance proposal and purchase the policy. This is what integration and automation is all about," Lesh said.

AGI owner John Felsch added as a result of the partnership, Simple Fund 360 clients have automated access to AGI's SMSF Master Insurance Plan, a product specifically designed for SMSF members.

BT Financial Group recently enhanced its Panorama SMSF solutions by partnering with BGL, providing accountants and advisers a two-way data feed from BT Panorama to Simple Fund 360.

Simple Fund 360 also integrated with Xero Practice Manager in September to enable changes to client details to feed through automatically across both systems.

Read more: AGIAIA AustraliaAustralian Group InsurancesBGL Corporate SolutionsBT Financial GroupBT PanoramaJohn FelschRon Lesh
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