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Polls Archive

Do you believe your licensee takes appropriate action in dealing with serial churners?

  • No (54%)
  • Yes (25%)
  • Not sure (21%)

Start Date: November 3, 2015 @ 9:31 am
End Date: November 24, 2015 @ 4:40 pm

Do you believe the Life Insurance Framework reforms will be implemented on 1 July 2016 with no further changes?

  • No (68%)
  • Yes (21%)
  • Not sure (11%)

Start Date: October 20, 2015 @ 8:33 pm
End Date: November 3, 2015 @ 9:32 am

Will your advice business be ready by 1 January 2016 to operate under the currently-proposed Life Insurance Framework provisions?

  • No - and we wouldn't be ready by 1 July 2016 (33%)
  • Yes - we're ready now (31%)
  • No - but we'd be ready by 1 July 2016 (17%)
  • Not sure (12%)
  • Yes - we're not ready today, but will be by 1 January 2016 (7%)

Start Date: October 13, 2015 @ 2:15 pm
End Date: October 20, 2015 @ 8:34 pm

What is the key change you would make to the proposed Life Insurance Framework reforms?

  • Accept the reforms, but reduce clawbacks to one year (41%)
  • Reject the reforms and retain the status quo, ie retain upfront commissions (28%)
  • Accept the reforms, but allow an 80/20 hybrid model (18%)
  • Accept the reforms, but guarantee access to 30% level commission option, with no clawbacks (7%)
  • Accept the reforms as currently proposed (4%)
  • Other key changes (2%)
  • Not sure (0%)

Start Date: September 22, 2015 @ 7:16 pm
End Date: October 13, 2015 @ 2:19 pm

My primary concern with the clawback provisions in the proposed Life Insurance Framework is...

  • Unfairness - clawbacks will apply, even if cancelling or moving the policy inside 3 years is in my client's best interests (60%)
  • Uncertainty - to my business, caused by the extended 3-year period during which my income coud be clawed back (23%)
  • Unsustainability - my current business could only sustain a 1-year clawback period (11%)
  • Unsustainability - my current business could only sustain a 2-year clawback period (2%)
  • Other concerns (2%)
  • Not sure (2%)

Start Date: August 25, 2015 @ 5:05 pm
End Date: September 22, 2015 @ 7:37 pm