The Life Insurance BlogThe Life Insurance BlogThe Life Insurance Blog has been created to demystify life insurance for the consumer by providing insight, advice and humour as well as generating debate and conversation about all things to do with life insurance. Whilst life insurance is a serious Articles
Do you know what you are most likely to die of?
2007-08-28 12:45:00 Ok, we know that life insurance is simple - it’s a product that provides a cash lump sum for your family (or financial dependants) in the event of your untimely death. And whilst bullet-proof younger people seldom if ever think about dying, as you get older it starts to play on your mind. (So I’m told…) But how many people actually know what they’re most likely to die of? Here’s the answer… if you live in NZ there are three killer diseases that account for around 60% of all deaths:                                          Males   Females Cancer                   30%      26% Coronary              23%       21% Stroke                     7%       12%   Other                     40%     41%         Total                      100%    100% Â...
Special report on life insurance commissions gets a mixed response…
2007-08-20 12:32:00 The Sunday Star Times special report last week entitled “The hidden sales scandal” is getting a mixed response in the insurance industry - see Phil’s Blog. In my view, people are missing the point. Whilst the special report did highlight that commissions in NZ have reached unprecedented new heights, it didn’t conclude that consumers don’t value the advice they get. They do. It also didn’t conclude that advisers don’t add value. They do. As I read it, the report concluded that the large disparity in commissions between insurance companies means that some insurer’s products get ‘pushed’ a lot harder than others - in other words, consumers may not be getting unbiased advice… advice that’s in the consumer’s best interests. Instead, many are getting advice that’s in the insurer’s best interests…. not exactly what consumer’s think they’re paying for. Putting a mechanism in place, such as commission disclosure, will make the continuance of this pract... More About: Life , Insurance , Report , Commissions , Special
The lighter side of life insurance…
2007-08-16 00:20:00 From YouTube… A funny Swedish advert for life insurance More About: Life , Insurance , Life Insurance , Side , Lighter 1, 2, 3 |
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