{"id":75689,"date":"2025-02-10T15:10:24","date_gmt":"2025-02-10T04:10:24","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=75689"},"modified":"2025-03-09T22:56:05","modified_gmt":"2025-03-09T11:56:05","slug":"higher-rate-of-policy-cancellations-poll-result","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2025\/02\/10\/higher-rate-of-policy-cancellations-poll-result\/","title":{"rendered":"Higher Rate of Policy Cancellations  \u2013 Poll Result"},"content":{"rendered":"<div id=\"polls-338\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Is your advice practice experiencing a higher rate of life insurance policy cancellations over the past 12 months?<\/strong><\/div><div id=\"polls-338-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Yes <small>(78%)<\/small><div class=\"pollbar\" style=\"width: 78%\" title=\"Yes (78% | 105 Votes)\"><\/div><\/li>\n\t\t<li>No <small>(16%)<\/small><div class=\"pollbar\" style=\"width: 16%\" title=\"No (16% | 22 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(6%)<\/small><div class=\"pollbar\" style=\"width: 6%\" title=\"Not sure (6% | 8 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_338_nonce\" name=\"wp-polls-nonce\" value=\"7e8df51841\" \/>\n<\/div>\n\n<p>It seems most of those who have so far cast a vote in our latest poll have seen an increase in life insurance policy cancellations during the past 12 months.<\/p>\n<p>Policy co-ownership firm iExtend states more policyholders are wavering on whether to keep their life cover against a backdrop of cost-of-living pressures (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2025\/01\/28\/seven-factors-driving-life-insurance-cancellations\/\" target=\"_blank\" rel=\"noopener\">Seven Factors Driving Life Insurance Cancellations<\/a>).<\/p>\n<p>And it appears our interim poll result reflects the firm\u2019s conclusions with 77% of respondents agreeing they have seen a higher rate of policy cancellations. Of the remainder, 18% see no change, and 5% are not sure.<\/p>\n<p>iExtend\u2019s CEO, <strong>David Sarkis<\/strong>, citing data from CALI, says 23% of policyholders would consider cancelling their life cover if affordability became an issue.<\/p>\n<p>There&#8217;s one week left to cast your vote.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It seems most of those who have so far cast a vote in our latest poll have seen an increase in life insurance policy cancellations during the past 12 months. Policy co-ownership firm iExtend states more policyholders are wavering on whether to keep their life cover against a backdrop of cost-of-living pressures (see: Seven Factors [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":75692,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":["post-75689","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\/75689","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\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=75689"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/75689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/75692"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=75689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=75689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=75689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}