ClearView Launches Life Insurance Products and Platform
ClearView Wealth announced a new series of ClearChoice life insurance products, followed by the planned October launch of its life insurance platform which is expected to become the focal point for advisors to access products and engage with society.
Company chief executive Simon Swanson said the move followed the market reset as all retail life insurance companies were required to rethink and re-price their insurance products. life to address the lasting underperformance of income protection.
“The market is resetting and ClearView, as an organization, is resetting. We have redesigned our core life insurance product and we have also increased our investments in technology to ensure we continue to meet the changing needs of advisors and clients, ”he said.
In addition, the new integrated life insurance platform would include a new portal for advisors and clients, a policy administration system and an underwriting rules engine.
Advisors would also have access to educational content, how-to videos and client tools to speed up planning, the firm said.
“As more life insurance companies launch their products, the biggest changes will be in income protection insurance. We can expect to see seamless solutions with more moderate functionality, more stringent conditions and a greater focus on recovery to promote the long term durability of the product, ”said Swanson.