Legacy product research (an update)

As of 30 April 2024, the following legacy product research is available in our Standalone Head-to-Head:

•      AA Life 2006, 2013, 2016, 2019

•      AIA Total Care Max 2001 to current Life cover

•      AIA MajorCare with Specialist & Tests 2019

•      American Income 2021

•      ANZ Life and Living 2015

•      ANZ Lifestyle Protection 2007-2008, 2009, 2010

•      ASB Absolute Health 2012-2014

•      ASB MajorCare with Specialist & Tests 2019

•      Asteron Life Smart Plan 1998

•      BNZ Men’s ReCover 2004

•      Cigna Flexi Card 2014, 2015

•      Cigna Farmers Finance 1996/1998

•      Cigna LifeOne 2014

•      Co-Operative Bank 2013, 2018

•      Countdown Life 2014

•      Greenwich Life 2018

•      Guardian Assurance 1996

•      MAS 2011, 2012, 2013, 2016, 2018-2021

•      Momentum Life 2019

•      nib Premier Health 2017

•      nib Premier Health Business 2017

•      nib Premium Hospital 2017

•      nib Easy Health 2018

•      nib Top Private Hospital Cover Plus 2017

•      nib Stay Well Classic 1996

•      nib Private Hospital Silver 2017

•      nib Life & Living 2018

•      nib Hospital Cover EasyCare 2017

•      nib Major Medical + Major Medical Deluxe 2015

•      nib Cancer & Cardiovascular Benefit 2012

•      NZ Seniors 2022

•      NZHL 2019, 2021, 2023

•      OneChoice 2019, 2021, 2023

•      Pinnacle Life 2010

•      Southern Cross Regular Care 2018

•      Southern Cross Ultra Care 2021

•      State Insurance 2013

•      Tower Life 360 2008-2010, 2011-2013,

•      Westpac Gold Term 2010, 2012, 2017

•      Westpac Term 1990-1995,1995-2000, 2007, 2012 2017

•      Unimed UniCare Advantage 2023

•      Unimed UniCare Plus 2023

•      Unimed Major Surgical + Major Surgical with Specialists &Test 2023

•      Fidelity Serious Care Plus 2001 and 2003

•      Fidelity Serious Care 2001

The following legacy product research has been rated and will be loaded to our Standalone Head-to-Head in the coming weeks. If you’re interested in a rating for one of these products or have a product that you believe we should rate, please reach out to us on info@quotemonster.co.nz

•      AA Life 2009, 2014, 2018, 2022

•      ANZ Life and Living 2010, 2016, 2017, 2020

•      ANZ Lifestyle Protection 2004, 2011, 2015

•      ANZ Lifestyle Insurance 2014, 2015

•      AMP Vital Plus Crisis 2020

•      Asteron Smartplan 2000

•      BNZ BillAssure 2005

•      Cigna Bill Protection 2018

•      Kiwibank 2010, 2018

•      Mercer Bill Protection 2016

•      nib Standard Hospital 2017

•      SBS Bank 2014

•      State Insurance 2007

•      Sovereign Absolute Health 2010

•      Unimed Health Positive 2023

Happy Crunching!

Quotemonster celebrates our 1,000th research subscriber

Congratulations to Zhan Viljoen from JV Financial Services on being our 1,000th research subscriber! 🎉

Our Data Scientist, Edward Foster hand delivered a special cake to him a few weeks back and learned his dad, Jan Viljoen has been a loyal Quotemonster user for many years.

To celebrate this milestone, we have also donated $1,000 to Big Buddy via The Good Registry - gifting goodness as nominated by Zhan.

We also want to say a massive THANK YOU to every single one of our subscribers for your continued support, and we can’t wait to work alongside you for many more years to come.

Big Buddy are doing some amazing work across NZ for our lads ages 7 to 14 years. Click here to learn more about them or check out The Good Registry for a list of the charities they’ve partnered with.

To learn more about Zhan, Jan and the JV Financial Services team, please click here: https://jvfs.co.nz/

Happy Crunching!

Partners Life pricing and product changes effective 22 April 2024

Dear Quotemonster users,

We are pleased to confirm that the rate changes to Partners Life medical cover, effective 22 April 2024 are live on Quotemonster.

Partners Life also announced a range of enhancements, please click here to find a summary of their product enhancements and clarifications. Today, we were provided with the updated policy documents (v19.1), and will be able to provide a detailed overview on how these enhancements affect our research ratings, once the wordings have been systematically reviewed.

Rest assured we will post a notification once these ratings are live on Quotemonster.

Apologies for the inconvenience.

Happy Crunching!

Chubb Life Lifetime Reward Campaign live on Quotemonster

Chubb Life have increased their 10% Lifetime Reward discount to 15% for all new Assurance Extra and Assurance Extra Business Life and Trauma policies issued from 16 April to 30 June 2024 for customers who:

- have a BMI measurement of between 18.5 and 24.9, and

- have been a non-smoker for at least 12 months

Clients can also combine this with the current 2 months’ free and multi-benefit discount offers.

Click here to read about the offer and any terms and conditions that may apply.

How to include this option on Quotemonster:
- Create or open a quote
- Enter client information and click through to the Benefit Details screen
- Add in the benefit details and click Crunch to get a premium comparison
- Click on the Chubb Life logo in the Result window to open the Quote result window,
- Tick the Apply 15% Lifetime Reward checkbox.

You will need to do this for each quote where you want to include the discount.

Scroll down to review that the 15% Lifetime Reward has been applied.

If you have any questions, comments, or complaints, we want to hear them so please drop an email to  info@quotemonster.co.nz.

Happy Crunching!

Unlock the Power of Business Insurance with Advicemonster

At Quotemonster, we understand the importance of comprehensive business insurance solutions. That's why we're excited to offer Advicemonster subscribers a powerful tool that enables them to quote and research Life, Trauma, TPD, and Key Person insurance.

Our platform is designed to simplify the insurance process, making it easier for you to provide advice to your clients. With Advicemonster, you can quickly access quotes, delve into detailed research, and perform a Business SOA, all in one convenient place.

We're committed to helping you make the most of our services. That's why we invite you to join us for our next online training session, where you'll learn how to maximise the benefits of our Business Insurance tool. Our staff will guide you through the platform's features, ensuring you have the knowledge and confidence to support your clients effectively.

We highly recommend joining us for our next online training session to learn more about the service, and as a thank you for attending we can provide a 14-day trial on your account when you email us on info@quotemonster.co.nz

Don't miss this chance to enhance your insurance offerings with Advicemonster. Register for our upcoming training session on Thursday, 11 April 2024 9:30 am-10:30 am and discover how our Business Insurance tool can empower you and your clients.

nib rates are now live!

We are pleased to confirm that the premium changes for nib, effective 1 April 2024 are live on Quotemonster.

Click here to read our nib quarterly rate review results.

Happy Crunching!

Trauma claims data infographic - QPR v15.7

Following on from our latest QPR database upgrade, we have also updated our Trauma claims data infographic to reflect the addition of a new minor condition - Cerebral Aneurysm. This is now available for download to all Researchmonster and Advicemonster subscribers and can be found in the Research Tools section of the main menu.

Happy Crunching!

Research and website upgrades: what you need to know

QPR Database V15.7 has been released! 

Our Research team have made some monstrously good updates to the QPR database recently. If you’ve noticed we’re running a bit slower than usual, please refresh your page and scroll down to ensure that you’re on our latest version – QUOTE ENGINE V.3.0 B1 | QPR V.15.7 | WEB V4.5.7

Our latest updates to Researchmonster include:

- nib - S&P global ratings upgrade from A- to A effective 10 February 2024

- Westpac – new policy document for Term Cover effective 1 July 2023

o   rating changes applied to:

·         Trauma Accelerated – rating added to Female Carcinoma in situ              

- Fidelity Life – new policy document for Platinum Plus Business effective 23 November 2023

o   Rating changes applied to:

·         Life, TPD, Trauma: Business Events

·         Life: Grief & Funeral Support

·         Trauma – Benefit Payment

o   For further information on these changes, please click here.

- nib – new policy document for Ultimate Health and Ultimate Health Max effective 1 December 2023

o   Rating changes applied to:

·         Medical: Overseas Treatment (UH and UHM), Support & Allowance (UH and UHM), Waiver of Premium Benefit (UHM)

·         Trauma: Benign Brain & Spine Tumour, Stroke, Encephalitis, Heart Attack

o   For further information on these changes please click here.

- Reviews:

o   Income and Mortgage Protection: reduced weighting for sub-item ‘Any benefit paid from other insurance policies’ in Offsets – further review may be required.

o   Trauma: following on from feedback from our Research Advisory Board and external consultation, Cerebral Aneurysm has been added as a minor condition in Trauma. We have also updated the associated Trauma Claims Data infographic, click here.

o   Remediation to nib Worldwide cover (Life & Living).

o   Remediation to AIA cancer benefit booster – further review may be required. 

o   Medical: sub-item remediation applied to Overseas Treatment, review of Non-Surgical Benefit. 

Standalone Head to Head is a powerful tool subscribers can use to:

-          Compare legacy products for replacement business

-          Compare products from the same provider; e.g., AIA Critical Conditions vs Progressive Care

-          Compare different product sets; e.g., Severe Trauma vs Comprehensive Trauma

-          Quick head to head research comparisons

Please note this feature is still in Beta version so please reach out to us if you have any feedback that you would like us to consider in our next round of development.

Our Health Benefit Maximums report available to Researchmonster and Advicemonster users, has also been updated to align with the updates in our research database. This quick reference guide aims to help advisers quickly identify some of the important differences when it comes to health cover benefit maximums. It doesn't include every individual niche benefit that some insurers offer, and some benefits can only be claimed on under specific circumstances (e.g., within 12 months of surgery).

Business Insurance is a powerful tool Advicemonster subscribers can use to quote, research, and run a needs analysis on for Life, Trauma, TPD and Key Person. We highly recommend joining us for our next online training session to learn more about the service, and as a thank you for attending we can offer a 14-day trial on your account for new users.

Our next sessions are scheduled for: 

Thursday, 11 April 2024 9:30 am-10:30 am or Tuesday, 23 April 2024 11:00 am-12:00 pm

Upcoming training sessions:

- Introduction to Quotemonster

Quotemonster training session where we demonstrate the basic functions of our website, along with some handy tips and tricks along the way.

Thursday, 28 March 2024 10:30 am-11:30 am or Wednesday, 10 April 2024 9:30 am-10:30 am

- Demystifying Advicemonster

Advicemonster training session where we demonstrate how to use our needs analysis and statement of advice (SOA) tools.

Tuesday, 26 March 2024 10:30 am-11:30 am or Wednesday, 10 April 2024 11:00 am-12:00 pm

If you have any questions or are interested in attending one of the above-mentioned sessions, please send us a request on info@quotemonster.co.nz 

Happy Crunching!

Quotemonster: excess options on Specialists and Tests

Business Risk Research and SOAs with Quotemonster (online session)

🌟 Exciting News from Quotemonster HQ! 🌟

We're thrilled to announce our latest research into Business Risk products, including lump sum products and Key Person Cover. Stay ahead of the game and ensure your clients are well-protected with our in-depth insights.

But that's not all! Discover how you can effortlessly produce a Statement of Advice (SOA) tailored to your clients' business risk needs with our intuitive tools. Streamline your process and provide top-notch advice with ease.

Please email info@quotemonster.co.nz if you’re interested in joining us on Monday, 26 February 2024 11:00 am-12:00 pm to elevate your business risk insurance game!

This session will be hosted by our AdviceTech Lead, Aneel Ravji.

We look forward to seeing you there.