Macquarie improves insurance offering
Macquarie Life has responded to adviser feedback by upgrading its FutureWise life insurance product suite.
The company announced today that it had made improvements to the suite’s trauma product and had expanded its underwriting limits so that fewer advisers would need to send their clients for additional medical testing.
At the same time, the company has expanded its team to include more underwriters, call centre staff and business development managers.
The new trauma product is called Trauma Plus and covers additional conditions such as advanced diabetes and allows an advance payment of full benefit for multiple sclerosis and Parkinson’s disease on diagnosis.
The company said the underwriting limits had also been increased, raising the first age band from 40 to 45, meaning that more clients will only need to complete a personal statement to receive cover.
Commenting on the changes, the head of Macquarie Life, Justin Delaney, said they had been made with the primary aim of making things easier and quicker for advisers.
AUTHOR
Mike Taylor
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