{"id":51796,"date":"2020-08-25T13:58:55","date_gmt":"2020-08-25T03:58:55","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=51796"},"modified":"2020-09-02T06:54:43","modified_gmt":"2020-09-01T20:54:43","slug":"latest-poll-front-loaded-discounts","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2020\/08\/25\/latest-poll-front-loaded-discounts\/","title":{"rendered":"Latest Poll &#8211; Front Loaded Discounts"},"content":{"rendered":"<div id=\"polls-239\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Are you ok to advise your clients to consider taking out a new life insurance policy offering a front loaded premium discount?<\/strong><\/div><div id=\"polls-239-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>No <small>(62%)<\/small><div class=\"pollbar\" style=\"width: 62%\" title=\"No (62% | 98 Votes)\"><\/div><\/li>\n\t\t<li>It depends <small>(26%)<\/small><div class=\"pollbar\" style=\"width: 26%\" title=\"It depends (26% | 41 Votes)\"><\/div><\/li>\n\t\t<li>Yes <small>(11%)<\/small><div class=\"pollbar\" style=\"width: 11%\" title=\"Yes (11% | 17 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(2%)<\/small><div class=\"pollbar\" style=\"width: 2%\" title=\"Not sure (2% | 3 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_239_nonce\" name=\"wp-polls-nonce\" value=\"518db64614\" \/>\n<\/div>\n\n<p>Our latest poll draws on our report last week, where research suggests that while new life risk policies with front loaded premium discounts can increase affordability in first-year premiums, they may be more costly to consumers over the medium-to-long term (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2020\/08\/17\/study-reveals-delayed-costs-from-front-loaded-discounts\/\" target=\"_blank\" rel=\"noopener noreferrer\">Study Reveals Delayed Costs&#8230;<\/a>).<\/p>\n<p>The research indicates front loaded discount policies with stepped premiums have, on average, lower premiums in the first policy year, but higher premiums from the third policy year onward.<\/p>\n<p>The findings demonstrate how, over five to 20 years, policies with front loaded discounts have significantly higher premium increases relative to the first policy year and PPS Mutual CEO, <strong>Michael Pillemer<\/strong>, contends that front loaded discounts are likely to increase lapses.<\/p>\n<p>He says that the effect of sharp premium increases have psychologically on a client, and the increased likelihood the client will lapse as a result, should not be underestimated.<\/p>\n<p>What do you think?\u00a0 Would you advise your clients to consider taking out a new life insurance policy that offers front loaded discounts? There are definitely two sides to this debate and we&#8217;re interested to hear your views.<\/p>\n<p>Tell us what you think and we&#8217;ll report back to you next week&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our latest poll draws on our report last week, where research suggests that while new life risk policies with front loaded premium discounts can increase affordability in first-year premiums, they may be more costly to consumers over the medium-to-long term (see: Study Reveals Delayed Costs&#8230;). The research indicates front loaded discount policies with stepped premiums [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":51808,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":["post-51796","post","type-post","status-publish","format-standard","has-post-thumbnail","category-polls"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/51796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=51796"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/51796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/51808"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=51796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=51796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=51796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}