Adviser Choice Risk Awards finalists named
The finalists have been named for the Money Management/Dexx&R Adviser Choice Risk Awards.
The awards, determined by Dexx&R and reflecting the views of financial advisers on the merit or otherwise of current life/risk products in the market, has resulted in a close contest between the major players.
The finalists are as follows:
Term & TPD Products
BT – Life & TPD
TAL – Accelerated Protection Life Cover & TPD
MLC Insurance – Life & TPD
Trauma Products
OnePath – OneCare Trauma Premier
MLC Insurance – Critical Illness Plus with Benefits
BT – Living Insurance Plus
Disability Income Products
Clearview – LifeSolutions Income Protection
AIA – Priority Protection Income Protection
TAL – Accelerated Protection Income Protection Premier
Business Overheads Products
Asteron – Life Complete Business Expenses
MLC Insurance – Business Expense Platinum
Zurich – FutureWise Ongoing Fixed Expenses
Inside Superannuation
Inside Super Individual (Guaranteed Renewable) Term and TPD Rider
BT - Wrap Life & TPD Super
MLC Insurance – Life Cover & TPD Super
TAL – Accelerated Protection Life & TPD Super
Inside Super Disability Income Product
ClearView – LifeSolutions IP Super
MLC Insurance – Income Protection Platinum Super
BT – Wrap Income Protection Super
Public Offer Super Funds (Group) Term & TPD Benefits
Russell Super Solutions (TAL)
First State Super Personal Superannuation (TAL)
Unisuper – Personal Superannuation (TAL)
Public Offer Super Funds (Group) Disability Income
First State Super Personal Superannuation (TAL)
HOSTPLUS – Personal Super (MetLife)
UniSuper – Personal Superannuation (TAL)
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Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Planning Association of Australia.
The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD and death cover space.
The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers.
The firm has announced it will no longer be writing new life insurance policies in the retail advised and corporate group insurance channels, citing a declining market and risk adviser numbers.
