February 26, 2019
BT has announced two enhancements for its risk quotes and application platform, LifeCENTRAL+, and has also extended its policy fee waiver offer.
Split Payment Options
Within its LifeCENTRAL+ platform, BT advises that those of its clients’ BT Protection Plans policies that are linked inside and outside super can now be split and have premiums paid annually or monthly.
Designed for clients whose advisers are recommending they consider flexi-linking or super-linking as ownership options for their life insurance, BT says the new split quotes feature shows the different payment frequencies across the superannuation and non-super environments, helping clients understand how flexi or super-linking works in practice.
Integration with OmniLife
LifeCENTRAL+ has now been integrated with OmniLife’s risk research service. The integration allows advisers to populate client data within the OmniLife research software and is intended to save advisers time and increase the quality of their record-keeping.
Policy Fee Waiver Offer Extension
BT has also extended its offer to waive the policy fees for its BT Protection Plans.
For new applications submitted by 31 March 2019, the policy fee waiver, which extends for the life of the policy, is available for Term Life, TPD and Living Insurance policies. The insurer says this offer is also available for income protection policies which are quoted and applied for at the same time as the lump sum cover.
These latest updates follow earlier enhancements to LifeCENTRAL+ which we reported in October last year, together with the initial premium waiver offer (see: BT Waives Policy Fee…).