At AIA Australia (AIAA), our purpose is to make a difference in people’s lives. We do this by paying claims and providing much needed financial and rehabilitation support during a time they need it most.
You could probably ask everyone on this list below if they thought they would need to make a claim against their policy, and most, if not all, would say they would not.
That's what makes the role of the financial adviser so important. Life doesn't always go according to your client's plan and it’s important to be prepared for the unplanned. The core function of an insurance Statement of Advice (SOA) is to prepare for what could go wrong and hope that your client will never need to execute this element of your recommendation.
Unfortunately, many clients avoid buying life insurance cover, which leaves them exposed and potentially unprotected or underinsured.
Insurance is the cornerstone of all solid financial plans. Unfortunately, without protection, some clients won’t retire with sufficient retirement savings, or if they do, they may have to erode assets or savings because they were unable to work.