{"id":71128,"date":"2024-04-30T08:41:17","date_gmt":"2024-04-29T22:41:17","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=71128"},"modified":"2024-05-03T11:38:06","modified_gmt":"2024-05-03T01:38:06","slug":"poll-result-reality-rules","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2024\/04\/30\/poll-result-reality-rules\/","title":{"rendered":"Poll Result &#8211; Reality Rules"},"content":{"rendered":"<div id=\"polls-322\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Premium affordability means almost all life insurance policies we place for our clients are a compromise.<\/strong><\/div><div id=\"polls-322-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Agree <small>(84%)<\/small><div class=\"pollbar\" style=\"width: 84%\" title=\"Agree (84% | 88 Votes)\"><\/div><\/li>\n\t\t<li>Disagree <small>(15%)<\/small><div class=\"pollbar\" style=\"width: 15%\" title=\"Disagree (15% | 16 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(1%)<\/small><div class=\"pollbar\" style=\"width: 1%\" title=\"Not sure (1% | 1 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_322_nonce\" name=\"wp-polls-nonce\" value=\"ec902a97a9\" \/>\n<\/div>\n\n<p class=\"xmsonormal\"><span style=\"color: black;\">Reality rules in the adviser community when it comes to implementing life insurance product solutions for their clients.<\/span><\/p>\n<p class=\"xmsonormal\"><span style=\"color: black;\">As we go to press, our latest poll <\/span>has found almost eight in 10 <span style=\"color: black;\">respondents (77%) agree with the premise that premium affordability means almost all life insurance policies placed for clients are a compromise.<\/span><\/p>\n<p class=\"xmsonormal\"><span style=\"color: black;\">Only <\/span>21%<span style=\"color: black;\"> of those taking part disagreed this was the case.<\/span><\/p>\n<p class=\"xmsonormal\"><span style=\"color: black;\">As we <\/span>noted last week, this <span style=\"color: black;\">question had arisen in the wake of a recent story from our Riskinfocus 24 series which reported the issues around balancing IP and TPD product combinations for clients in an ever-evolving consumer world (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2024\/04\/09\/disability-dilemma-balancing-ip-tpd-recommendations\/\" target=\"_blank\" rel=\"noopener\" data-auth=\"NotApplicable\" data-linkindex=\"2\">Disability Dilemma<\/a>\u2026)<\/span><\/p>\n<p class=\"xmsonormal\"><span style=\"color: black;\">As part of this conversation around the right combination of IP and TPD cover and the interplay between them, MLC Life Insurance\u2019s <b>Marshall Ross<\/b>\u00a0noted the importance of trade-offs when it comes to which aspects of a client\u2019s life should require coverage and which parts they might self-insure.<\/span><\/p>\n<p class=\"xmsonormal\"><span style=\"color: black;\">We also reported it\u2019s not unusual for experienced advisers to <\/span>hold the view <span style=\"color: black;\">that every client conversation they conduct (in relation to life insurance solutions) is a compromise \u2013 because that\u2019s how the world works.<\/span><\/p>\n<p class=\"xmsonormal\"><span style=\"color: black;\">And as one commentator notes in response to our poll, even a decade ago a veteran adviser had highlighted that <i>\u201c\u2026risk advice was always a negotiation process with the client.\u201d<\/i><\/span><\/p>\n<p class=\"xmsonormal\"><span style=\"color: black;\">Our poll<\/span> remains <span style=\"color: black;\">open for another week and we welcome your thoughts&#8230;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reality rules in the adviser community when it comes to implementing life insurance product solutions for their clients. As we go to press, our latest poll has found almost eight in 10 respondents (77%) agree with the premise that premium affordability means almost all life insurance policies placed for clients are a compromise. Only 21% [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":71131,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49,4],"tags":[],"class_list":["post-71128","post","type-post","status-publish","format-standard","has-post-thumbnail","category-polls","category-products"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/71128","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=71128"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/71128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/71131"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=71128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=71128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=71128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}