Lion’s share of life insurance sold through superannuation
New research undertaken by CommInsure has reinforced the long-term implications of the Government’s remuneration restrictions around the sale of life/risk insurance within superannuation. The research, which identified that Australians held a false sense of security with respect to superannuation, also revealed that while superannuation represented the primary vehicle via which people accessed life insurance, advisers still played a key role.
Ageing Aussies ‘are throwing money away on life insurance’
Ageing Aussies are essentially throwing money away by paying towards costly life insurance cover, it has been claimed. Experts have suggested that people who take out a policy at the age of 30 or 40 end up paying huge sums once they near retirement age, National Features reports.
Allianz wins top insurance award
Allianz has won the award for Life Insurance Product of the Year at the 2012 Australian Banking and Finance (AB+F) Awards. The awards, held on Thursday at The IVY in Sydney, are Australia’s premier insurance accolades with the winners chosen by an independent panel of senior industry professionals.