Qantas Frequent Flyer members can now access new Assure Life Protect products, including life insurance, TPD insurance, critical illness insurance and income protection products, TAL said in a statement.
Members who take out Assure Life Protect cover will be rewarded with Qantas Points and a 10 per cent discount on life insurance premiums for being within the Heart Foundation healthy BMI range, the statement said.
TAL group chief executive and managing director Brett Clark said it is delighted to be chosen to partner with Qantas to protect even more Australians.
“We have a strong appetite to innovate and this new partnership with Qantas reflects this. TAL has invested in a new technology platform and product design to deliver a superior customer experience,” he said.
Mr Clark said TAL sees a strong alignment between life insurance, health insurance and wellness.
“There is a clear rationale for life insurance to become part of a rewards program that rewards healthy living and wellness,” he said.
“Life insurance, health insurance and wellness are all inherently linked so this new partnership is a natural progression in the Qantas Assure offer.”
Brett Clark is on the FSC board and as desperate as the rest of them to get rid of advisers and sell more junk insurance.
If you go on TAL’s direct site a 40 year old male taking out $1 million Life insurance would pay $71 per month and there are a lot of pre-existing exclusions to help TAL get out of the claim.
Go through an adviser and the same cover would be $56 per month with TAL and the job done properly, upfront underwriting and no get outs for them.
The other products TAL sell directly (IP, TPD, Trauma) are a joke on quality.
We need to stop fooling ourselves. These CEO’s and FSC members are out to get rid of advisers, make more profit, sell more junk, pay less claims and rip off customers.
If I submit a retail client to TAL for [say] just life cover they get a 7.5% Health Sense discount. And yes, it is possible to get as much as 15% when submitting a ‘hamburger with the lot’. Not happy that someone can get 10% on a ‘non-advised’ product offering where I may be limited to delivering only 7.5%. If TAL is serious about how important the ‘advised’ side of the business is to them, they should ONLY be offering 7.5% – matching to the minimum we can offer to a client. I suspect the underling ‘direct’ rates may be dearer than retail, but that doesn’t change the perception created here.