NZ Life Insurance Premium War?

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 26, 2011 -- The Life insurance premium war appears to be hotting up with Pinnacle Life announcing they are offering 25% off their first years life insurance premiums which will be paid back to the client one year from the start of the policy.

Clients who apply for life cover with Pinnacle Life before the 10th June 2011 and who take up the cover within the next six months will receive 25% of their first years premiums back.

Both new policies and switching existing policies with other insurers will be eligible for the rebate. One year from the start of the policy they will send the policy owner a cheque for 25% of the premiums that have been paid in the year. If the policy is not in-force at the end of the 12 month period the refund will not be issued.

Des Morgan a Life Insurance Broker has been vocal in his views on the reasons why New Zealanders aren't buying adequate levels of life insurance to protect their families and businesses. He believes premiums are too expensive due to the life insurance companies distribution costs. Commissions being paid to brokers of 200% of the first years premium is normal.This chews up the first two years premiums in up front costs to the insurer and guess who pays.

Des Morgan said "When it comes to life insurance Pinnacle Life have consistently been the cheapest option for customers who require life cover. Their premiums are already discounted as they don't pay commission but do pay a one off referral fee to the adviser. You are able to get a quotation online and if you are happy with it you can then complete your application online in a few easy steps, hassle free."

For those who would like to take up Pinnacle's Life's offer Des has negotiated an additional $10,000 free accidental death cover.

Through his website you are able to obtain a free quote and get an estimate of the refund amount available

More information can be found online at http://www.insurance4me.co.nz

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