AIG Life is offering advisers and their clients special underwriting concessions for a limited period.
In the most recent AIG Adviser News bulletin, advisers are given details of underwriting concessions on the company’s Life Cover and TPD applications for its Priority Protection range.
The concessions relate to medical requirements on ’standard rates’ proposals where various tests (MBA 20, HIV and Hep B & C tests ) that are normally required for cover from $2,500,001 for those up to age 40 are not required until proposed cover reaches $3,000,001.
Higher sum insured limits also apply for ages 41 - 50 and 51 - 60 during the special offer period, which extends from 1 May 2009 until 30 June 2009.
The offer, in the lead up to the end of the financial year, is designed to increase advisers’ automatic acceptance rate, and is also intended to lead to:
- Less medical requirements, saving time
- Faster underwriting decisions
- Higher completion rates
- Faster commission payments
Click for AIG Life Priority Protection Special Offer
AIG Life has also announced the appointment of former TOWER exec, Craig Extrem, to the position of National Manager, Client Markets - Group Insurance.
Mr Extrem has extensive experience in the group risk insurance market, having also held group risk sales and business development positions with PrefSure, Lumley Life and CommInsure.
Mr Extrem commences his role with AIG Life on 25 May and will be based in Sydney.
