Insurance Application Preparation Flashcards
What are the insurance recommendations?
Recommended Products
Is the insurance inside or outsider super?
Recommended Products
Are the premiums paid via external super fund?
Recommended products
Do we book a tele interview fort the client
Depends on client’s preferences and availability of this option. if tele interview is not available, pre complete the personal statement for the client
What add-on benefits were selected for the insurances?
Quote
Is there a beneficiary for the Life insurance outsider super?
Recommended strategy
Does the client have existing insurance policies?
Appendix: about you
How much are the commissions (both initial and ongoing)?
Appendix: costs of our advice
Forms for insurance recommendations (new)
new business application
for increase: new application or increase form
for decrease and cancellation: send account instructions/letter (if full rollover, no need)
retain: nothing to do
Forms: Is the insurance inside or outside super?
If outside super, prepare a direct debit form to pay for premiums
Forms: Are the premiums paid via external super fund?
enduring rollover authority form
Forms: Do we book a tele interview for the client?
- new business application
- if not specified, ask planner what to select as default date and schedule
Forms: What add-on benefits were selected for the insurances?
-part of new business application
Forms: Is there a beneficiary for the life insurance (outside super)?
- client’s preference
- part of new business application but if preferred by client, prepare binding nomination
Forms: Does the client have existing insurance policies?
-part of new business application
