Amputees Calling for ACC Changes

29. May 2015 08:46 by Kelly in   //  Tags:   //   Comments (0)

Recently this story was on TV One's show Seven Sharp. The show featured two different stories of amputees Penny Gifkin and Blair Marriott.

Blair lost his leg after being hit by a reckless driver in a stolen car while riding his motorbike. Penny lost both of her legs and several fingers on her left hand after she woke one morning vomiting and was rushed to intensive care then to be diagnosed with meningococcal disease.

As Blair's situation was an accident his surgery and prosthetics were fully funded by ACC. Penny on the other hand is not entitled to the same prosthetics as it was due to a medical issue. Because Penny works home help was cut, she doesn't qualify for things like an access ramp, equipment to make things easier and her prosthetic legs were the basic of basic due to the limited funding.

If Penny had insurance there is a chance (depending on the type she had) that she would have been covered for these expenses.

TPD cover with a good partial feature or Trauma cover with a good loss of limbs feature would have been sufficient. Product quality does count though - not every TPD and Trauma product would have covered her.

Issues Paper of Financial Advisers Act Review Out

28. May 2015 08:14 by Kelly in   //  Tags:   //   Comments (0)

Paul Goldsmith, Commerce and Consumer Affairs Minister, has released an Issues Paper on the Financial Advisers Act for consultation today. Consultation on the Issues Paper closes on the 22nd of July and a second document will be released towards the end of the year recommending possible changes to the  regulatory regime.

Russell Hutchinson will be writing "The Insurance Adviser's Guide to the Financial Advisers Act Review" shortly - keep an eye out for that. 

FMA and MBIE to Run Joint Workshops

27. May 2015 11:39 by Kelly in   //  Tags: ,   //   Comments (0)

The FMA and MBIE are running joint workshops on the Financial Advisers Act review process. These are aimed at financial advisers (AFA, RFA, and QFEA) but I am sure industry people can join too. 

  • Auckland         24 June
  • Christchurch    25 June
  • Wellington       1 July

I encourage as many advisers as possible to either attend or participate in the review process in some way - a submission in writing, for example, at the appropriate time. Participating in the discussion, keeping Code Standard One in view, will be the best way to ensure an optimum outcome from the review process. 

More details.

AA Life and SBS Now on Quotemonster

26. May 2015 08:05 by Kelly in   //  Tags: , , , ,   //   Comments (0)

AA Life insurance and SBS Life and Standalone Trauma are now researched by QPR on Quotemonster.

Sovereign Changes Live on Quotemonster

25. May 2015 12:32 by Kelly in   //  Tags: , , , ,   //   Comments (0)

Sovereign's new Life, TPD and Family Protection policy documents effective today are now live on Quotemonster. There are also updates to the QPR ratings for Life and TPD. There are no pricing changes.

Trauma Insurance - Special Events Increase

25. May 2015 09:10 by Kelly in   //  Tags:   //   Comments (0)

Following on from yesterday's post - the top five weighted items for Trauma insurance are:

  1. Cancer Critical
  2. Heart Attack
  3. Stroke
  4. Diagnosis and Partial Benefits
  5. Special Events Increase

This post we assess the special events increase score and here are the sub-items:

Trauma Insurance - Diagnosis and Partial Benefits

22. May 2015 09:11 by Kelly in   //  Tags: , ,   //   Comments (0)

Following on from yesterday's post - the top five weighted items for Trauma insurance are:

  1. Cancer Critical
  2. Heart Attack
  3. Stroke
  4. Diagnosis and Partial Benefits
  5. Special Events

This post we assess the diagnosis and partial benefits score and here are the sub-items:

Trauma Insurance - Stroke

21. May 2015 11:27 by Kelly in   //  Tags: , ,   //   Comments (0)

Following on from yesterday's post - the top five weighted items for Trauma insurance are:

  1. Cancer Critical
  2. Heart Attack
  3. Stroke
  4. Diagnosis and Partial Benefits
  5. Special Events

This post we assess the stroke score and here are the sub-items:

Trauma Insurance - Heart Attack

20. May 2015 08:23 by Kelly in   //  Tags: , ,   //   Comments (0)

Following on from yesterday's post - the top five weighted items for Trauma insurance are:

  1. Cancer Critical
  2. Heart Attack
  3. Stroke
  4. Diagnosis and Partial Benefits
  5. Special Events

This post we assess the heart attack score and here are the sub-items:

What Makes You Important to Your Clients and Hard to Replace?

19. May 2015 08:15 by Kelly in   //  Tags:   //   Comments (0)

Aaron Baker, Business Development Manager at Sovereign writes this article outlining some things to think about to ensure your clients stick around.

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