Insurance made easy
Independent financial researcher Plan for Life has updated their multi-company life insurance quotation service, RiskOnline to include AMP Life and AvivaAustralia.
RiskOnline claims to provides live quote processing of risk insurance for life insurance providers in one location, in under one minute.
The site now features life insurance quotes for lump sum and income protection for AMP, Asteron, Aviva, AXA Australia, CommInsure, ING Australia, St.George, TOWERAustralia and Zurich.
AXA Australia will also join CommInsure in providing an individual quotation webpage that features every risk option offered by the company.
RiskOnline is currently running a free trial for dealer groups and advisers that will be converted to a low cost subscription service if continued.
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.
