Should we be commoditising life insurance?
There's been a long-term push to simplify life insurance, which I agree with in principle. However, in practice, this has some gnarly implications that those outside the industry don't appreciate.
There's been a long-term push to simplify life insurance, which I agree with in principle. However, in practice, this has some gnarly implications that those outside the industry don't appreciate.
Take, for example, medical insurance. You're not going to simplify medical insurance to cover everything; that would be too costly and result in things being paid for that probably...MORE»
Complaints processes and the rules can be two different thingsThursday, December 12th, 9:30AM
Picking up on my prior ranting about a recent FSCL case study. MORE» |
Policy value and retrospective adviceWednesday, November 27th, 9:26AM
Jon-Paul Hale examines a recent FSCL decision over a funeral plan claim and says its trying to open the door litigating past advice given under old rules. MORE» |
CPI, it's simple, right?
Most reading this in context of insurance would agree.
MORE»Appalling agency application processes
You'd think that with all the talk about licensing and managing advisers, insurers would have gotten their act together and sorted their systems to account for and address the various demands of their business and the new rules. Nope!
MORE»Be clear in explaining unfunded medicines
Jon-Paul Hale says when an adviser is talking to clients about medical insurance, they need to be very clear about how unfunded medicines are covered.
MORE»The messed up world of income protection structures
You may have noticed that we now have to age 70 as an option for the payment term on income protection.
MORE»The two-year wait advice problem
From time to time, I come across a particular advice situation that looks good on the surface but has some serious outcome risks for clients.
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