Since 1994, when Policy Exchange created New Zealand’s trading platform for life insurance policies, the majority of transactions have been via advisers. We value the support of the advisory community, via whom we’ve provided cash out solutions to thousands of policyowners over that time.
We see advisers as partners and with the range of options now available to policyowners, the nexus advisers provide linking policyowners to these options is more important to us than ever. To receive our quarterly market updates, or e-versions of brochures or technical briefings, please let us know below. Or feel free to Contact Us with any queries.
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Adviser Only - Retirement Planning Strategy
When a policyholder has just a few more years of earning they can focus on building their policy for retirement, whilst maintaining some life cover in the interim. Under Retirement Planning Strategy they can, for example, increase their premium amounts in the pre-retirement years, increasing the nest-egg available for creating a future Regular Cashflow.
Who does this suit?
The Retirement Planning Strategy suits policy owners 5 – 10 years away from retirement.
This option is available only via licensed financial advisers. Contact us for more information if you’d like to add this to your tool-box of options.
“The kids have left home, we’ve used the proceeds to make ourselves mortgage-free”
January inevitably brings predictions for the coming year, and the financial services industry is no exception.
Every week we field enquiry from advisers and policyholders about cashing out a whole of life or endowment life policy.
We regularly come across policies where bonuses have been cashed out to free up funds. But an alternative option offers flexibility and better value in certain circumstances.
The owner of a tranche of policies, collective value $1M plus, who recently surrendered likely missed out on tens of thousands of dollars.
We’ve had the busiest start to a year for some time. We’re about to start a radio campaign to raise awareness of exit options amongst owners of ‘orphaned’ policies.
A new range of exit options for certain types of life insurance policies allows owners to access policy funds prior to maturity – without fully exiting the policy.
In 2019 AMP plans to sell its legacy business, reportedly $5.87 billion of assets, to Bermuda-based ‘zombie’ fund Resolution Life.
More life policies are being cashed up early to fund retirement. We’re investigating flexible cash-out options. Adviser remuneration reminder. Policyholder privacy.
Asset rich, cash poor? Asset decumulation is the new black. Find out if it’s better to take out a Reverse Mortgage or to cash in a life insurance policy, considering ‘overall net wealth’.
High property prices and changing priorities of ageing clients means we’re seeing more policyholders becoming creative in how they pass on their legacy.
Watching the US Life Settlements market closely, we’re testing demand for exit options involving partial sell-downs while retaining a portion of the policy for funeral cover.
Persistency rates are relatively high, matching the pre-retirement asset accumulation phase. Supplementing retirement income is growing in importance for policyholders, and financial distress is causing a rise in Endowment surrenders.
How to trade a policy when the policy documents are lost, plus how to use the one-month cooling off period to reinstate a policy and gain some extra money for your client.
Changes in financial and life circumstances (e.g. divorce, financial hardship, or death of a beneficiary) can often be a trigger for advisers to check in with a client regarding whether their financial needs are being served with their current portfolio.