Direct insurance taints consumer views on life insuranceBY LAURA MILLAN | TUESDAY, 4 FEB 2014 12:15PMBad experiences with direct life insurance companies are tainting consumers' views of life insurance in general, according to Synchron director John Prossor. Related News |
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Jason Huljich
JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
So, lets get some examples of these "bad experiences" (it was after all only a matter of time) out in the public domain to educate regarding the dangers of not taking advice for such an important matter. Might be a bet tricky enlisting the support/interest of commercial TV!
The direct sale of insurance policies, without underwriting prior to acceptance, is simply a 'premium grab' by the underlying insurer who is generally one of the large life companies. They can lower premiums with the knowledge that a large number of claims will not be paid due to non-disclosure.
What a disgrace to the insurance industry, and what immeasurable harm to the profession, and what potential harm to those honest Mum's and Dad's who think their families are protected.
Shame