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Showing 1 - 10 of 100+ results for "Life insurance"

Industry mixed over FSC advice framework

ANNABELLE DICKSON  |  FRIDAY, 15 OCT 2021
... Don Trapnell said these proposals make sense but called into question the trustworthiness of the FSC after the Life Insurance Framework (LIF), which the FSC played a key part in. "However, and this is perhaps more of a problem than the FSC is willing ...

FSC to ban occupational exclusions

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... enforceable standard that will prohibit the use of exclusions and restrictive disability definitions in default group life insurance for those who are in high-risk occupations. The standard will apply to FSC superannuation and life insurance members ...

MLC Life refreshes income protection offering

ANNABELLE DICKSON  |  WEDNESDAY, 29 SEP 2021
MLC Life Insurance is offering a new range of income protection insurance products following research from customer, adviser and licensees. Income Assure and Income Assure+ will be available from October 1 and allows most clients to have the maximum ...

Consumers lose out on IP changes

KARREN VERGARA  |  MONDAY, 27 SEP 2021
... third of Australians don't know what income protection covers and could potentially lose out from the significant life insurance reforms that are just days away. This is according to a survey from comparison website Finder, which canvassed more than ...

TAL releases income protection range

KARREN VERGARA  |  FRIDAY, 24 SEP 2021
... that, as an industry, we get these products right for them," he said. APRA has put forth several changes that the life insurance industry must implement for income protection insurance. It gave life insurers more time to have new policy contract terms ...

ClearView launches risk product suite

KARREN VERGARA  |  THURSDAY, 23 SEP 2021
After a year in the works, ClearView Wealth unveiled a new suite of life insurance products that come with significant changes to income protection. ClearView ClearChoice aims to address the shortcomings in existing solutions and meet the evolving needs ...

APRA to mandate independent certifications

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... Hayne's Recommendation 4.14. Hayne's recommendation affects all RSEs that engage a related party to provide group life insurance, enter into a contract, arrangement or understanding with a life insurer in which the insurer is given a priority or privilege ...

Accumulation bubble ending: AFA

ANNABELLE DICKSON  |  WEDNESDAY, 22 SEP 2021
... their relationships with their clients," Inwood said. "Insurance will need to change as old people tend not to want life insurance, they want other types of insurance and younger people want lower value life insurances, so expect some real changes in ...

Higher premiums a problem, not a trend: AFA

ANNABELLE DICKSON  |  TUESDAY, 21 SEP 2021
The increase in life insurance premiums over the last few years are a problem that needs to be fixed rather than recognising it as a trend, according to AIA's chief executive. Speaking on a panel at the Association of Financial Advisers national conference ...

Stephen Jones changes tack on risk advice

ANNABELLE DICKSON  |  TUESDAY, 21 SEP 2021
... national conference, shadow minister for financial services and superannuation Stephen Jones said his views on life insurance have been challenged. Jones said he has reflected on arguments advisers brought to him over the last 18 months after admitting ...
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