Sentry rolls out a new referral process
Sentry's life risk insurance advisers will soon have access to a new structured referral process that it says will benefit customers as well as provide growth opportunities.
The Real Estate to Risk Referrals structured referral system provides a new opportunity for cross-sales between the financial services and real estate industry, Sentry stated.
Under the arrangement, real estate agents can offer their clients free complimentary 60-day life insurance cover and refer them to Sentry advisers. The adviser activates the cover and recommends an appointment to discuss and address their financial and risk protection needs.
"Sentry advisers that participate in the program will have a new source of referrals that will provide them with substantial business growth prospects," Sentry Group advice chairman and chief executive Murray Hills said.
Sentry said it is offering other life risk insurance advisers an opportunity to capitalise on exclusive referral bases in locations around Australia under Sentry's licensing arrangements.
Recommended for you
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.