Life Insurance News
Super-Based Cover Grows While Stand-Alone Falls
According to a Macquarie survey of 1000 Australians, the number of people with super-based life cover has grown from 27% to 48% since 2006.
BT Reports Six Months' Results
BT Financial Group has reported six-month earnings, including a 47% increase in new life insurance sales and a 19% drop in cash earnings.
NZ Insurers Seek Extra Exemptions for Credit Life Contracts
ICNZ has asked the Reserve Bank of New Zealand to reconsider regulations that make credit insurance contracts part of the life insurance regimen.
Industry Believes FSC Mistaken About Churn
Despite the FSC's proposal to implement anti-churning policies, industry participants do not see churn as a pervasive problem in life insurance.
Life Insurers Receive High Satisfaction Ratings from Advisers
The 2011 Investment Trends Planner Risk Report surveyed 729 financial advisers - 77% rated their insurers as being “good” or “very good.”
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