Tower rejigs life insurance offering
Tower Australia has revamped its Accelerated Protection life insurance offering and made it available on the IOOF Pursuit platform.
Tower claimed that the changes to the offering would provide greater protection for clients and make it easier for advisers to write life insurance.
In addition to the update, Tower has also made the Accelerated Protection offering available on the IOOF Pursuit platform.
“Tower Accelerated Protection can now be accessed and funded through IOOF Pursuit. This provides advisers with a comprehensive life insurance offer with the structuring flexibility to meet all their clients’ needs,” said Tower chief executive of retail life Brett Clark.
He added that relationship with IOOF also offered customers with “a full range of life insurance structuring options with significant tax and cash flow advantages”.
Tower said that the update to the product included more competitive premium rates for income protection, a Superlink total and permanent disability option, a new Needlestick Benefit aimed at healthcare professionals, and maximum entry levels for stepped and level premiums.
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