ClearView upgrades LifeSolutions

Publicly-listed insurer, ClearView Wealth Limited has begun a national roadshow to promote new inclusions in its suite of life advice products. 

The company announced this week the inclusion of Parent Cover in LifeSolutions suite - a product aimed at helping clients cover the costs associated with the death of a parent. 

Commenting on the upgrade and roadshow, ClearView managing director, Simon Swanson said the LifeSolutions offering had been launched in late 2011 and since then had become well received by advisers. 

He said a number of definitions, limits and exclusions had also been updated to reflect changes in the market and better meet adviser and clients’ expectations. 

“These enhancements are part of our growth strategy to ensure LifeSolutions continues to be one of the leading offers in the market,” he said. 

Some of the enhancements to the product set announced by ClearView include: 

• Parent Cover to help cover clients immediate, sometimes considerable costs of farewelling a parent, by providing a lump sum benefit when they die. 
• Protected commissions for business written under hybrid or level commission structures. This helps protect advisers deferred commission. 
• Hybrid premium which has a level premium for the first seven years then reverts to a stepped premium. 
• Level premiums to age 70 for Life, TPD, Trauma and Income Protection Cover. 
• Life Cover Conversion Benefit, a first-to-market feature introduced in 2013, is now available to clients who hold Trauma Cover.