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Too many consumers don't have enough life insurance

10/9/2014

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A recent LIMRA study shows that under insurance continues to be a major problem for  consumers. This is echoed by repeated surveys over the years carried out by life insurance companies in New Zealand that up to 65% of consumers are either underinsured or not insured.

Also very interesting (and pleasing) is the increasingly important role of advisers as seen by consumers, with half of those surveyed saying they would prefer to deal face to face with a professional. One of the basic roles of an adviser is to help people understand the risks they face- as families and business owners- when they don't have sufficient (or the correct covers) in place. If you would like to read the full LIMRA article, click on this link http://bit.ly/1sZuTRP  


Consumers are also seeing the value of independent advice, particularly the ability of advisers to provide options to them within a range of respected brands.

If you have any thoughts to share please do so, or email me or call me on the contact details below.


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​​The information on this site is of a general nature, does not take into account your financial situation or goals, and is not a personalised adviser service under the Financial Advisers Act 2008. You should seek advice from a financial adviser which takes into account your individual circumstances before you acquire or dispose of a financial product. In the event of any inconsistency or uncertainty, the policy wordings of your chosen provider will always prevail. Furthermore, nothing stated should be taken as providing taxation, accounting or legal advice. You should seek expert advice specific to your individual financial needs, circumstances and objectives before acting on the above. A copy of my disclosure statement is available on request.