SMSF trustees are required to assess whether members require life insurance annually, BGL said in a release, and the addition of these filters will allow Simple Fund 360 clients to more easily meet this obligation.
“In a few mouse clicks, Simple Fund 360 clients can review a fund members’ life insurance, prepare an insurance quote, pre-fill an insurance proposal and purchase the policy. This is what integration and automation is all about,” said BGL managing director Ron Lesh.
In addition to reviewing their current policies, Simple Fund 360 users will be able to get a quote from Australian Group Insurances (AGI).
“This is a great partnership for AGI,” said AGI spokesperson John Felsch.
“BGL Simple Fund 360 clients now have simple automated access to AGI’s SMSF Master Insurance Plan, a product specifically designed for SMSF members.”
