Recent Quotemonster updates

Here is a list of the changes made on Quotemonster over the last three weeks:

Research:

  • OnePath – Income Protection, Mortgage Protection and Trauma - changes in entry ages
  • OnePath – Income Protection - age limit changed
  • AIA - Income Protection, Agreed Value, Indemnity and Loss of Earnings – wordings and product ratings updated
  • AIA - TPD - Standalone (any & own occ.) product ratings updated
  • AIA - TPD - Accelerated (any & own occ.) product ratings updated
  • Sovereign - Medical - wordings and product ratings updated

All Sovereign and AIA products are now up to date.

Pricing:

  • Updated OnePath Mortgage Protection Prices
  • Updated nib health prices
  • Updated Southern Cross health prices
  • Updated Asteron Life and Trauma rates

Other:

  • AMP RPP and AMP Lifetrack prices are still available but will no longer appear in the default set of providers. This only applies when clicking on the ‘Default’ button in the Product Settings window, after which you can select them again if you wish.
  • Needs Analysis - added Standalone and Accelerated options for existing Trauma and TPD insurance
  • The Research report now includes our infographic explaining how the QPR Research methodology works.

Product and pricing changes for OnePath, nib, Asteron Life, Southern Cross, AIA and Sovereign

An absolutely huge couple of weeks of changes: 

Pricing:

  • Updated OnePath Mortgage Protection Prices effective 1 July
  • Updated nib health prices effective 1 July
  • Updated Southern Cross health prices effective 1 July
  • Updated Asteron Life and Trauma rates effective 1 July

New Features:

  • Needs Analysis – added Standalone and Accelerated options for existing Trauma and TPD insurance
  • Research report – added a new page at the end explaining the QPR Research methodology

Research:

Completed a big set of changes, with some quite substantial shifts (see more posts later today and next week)

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Eligibility rules:

  • OnePath - Income Protection, Mortgage Protection and Trauma - changes in entry ages
  • OnePath - Income Protection - age limit changed

Quotemonster updates

A monstrously big few weeks of development and change on the Quotemonster platform. Here is a list of recent updates: 

Research Updates:

  • AIA Life new policy wording May 2019
  • Sovereign Life new policy wording May 2019
  • Sovereign Mortgage Protection new policy wording May 2019
  • Sovereign IP Indemnity Value new policy wording May 2019
  • Sovereign Loss of Earnings new policy wording May 2019
  • AIA Medical new policy wording May 2019
  • Asteron Remediation Special Events and Child Benefit
  • OnePath Remediation IP, Trauma, TPD

New:

  • The Statement of Advice report now displays an expiry date
  • Asteron Life Trauma now defaults to ‘Trauma Cover with Early Trauma Benefit’ in the Settings window
  • Improved usability on small Apple screens
  • Changed the way company selections work on the Research screen. If you select companies under a single benefit it will not save this selection for other benefits . However, if you choose ‘Package’ first and then select companies it will save this selection for each of the benefits.
  • Added a new option for printing prices from the Benefit Details screen. If you click on the price for a particular company the price details screen now has an option to print out the price for that single company as well as an option to print all price

Improvements:

  • If you are combining providers for Life and Health benefits the health premium will now displays on the Head to Head report
  • Clarified the wording on the AIA Trauma Early Cancer Upgrade option to make it clearer that it is female early cancer
  • Made the Income and Expenses section of the Statement of Advice match the Needs Analysis screen
  • Improved the Needs Analysis Life and IP cover amount calculations
  • Fixed a problem with Adviser Comments on the Statement of Advice
  • Fixed an issue with Head To Head on existing quotes and tidied up the report printout
  • Made improvements to the way customer logos appear on reports
  • Fixed a problem with the research report not displaying the same companies as those selected in the Research screen.

 


Quotemonster Roadshows

Quotemonster started their annual roadshow last week. Thank you to all those who have joined us so far in Tauranga, Hamilton, Palmerston North, New Plymouth and North Shore. We are heading to Wellington and Christchurch later this week. After that we head on to another eight towns across the country and would love for you to join us. If you haven't registered yet please find more details here.

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AIA Sovereign Second Set of Product Enhancements for 2019

AIA and Sovereign have released a second set of product enhancements this year. This time for Income Protection, Life, TPD and Health products. 

Here you can view a summary of these enhancements. Updates for QPR will be live on Quotemonster in the next week.


Quality Product Research Limited Updates

Quality Product Research - who bring you quotemonster.co.nz - have three updates:

  • The first is a special offer and pricing update
  • Then there is the new feature that allows you to quote any medical provider with any life insurer - but its buried in settings, so you have to look hard
  • Lastly, an invitation: if you have never used research before, and you want to know how this fits into a compliant advice process, then drop us a line

Quality Product Research Limited Updates

The new research datbase V118 has just been uploaded onto Quotemonster with a few rating changes as outlined below:

  • Partners Life new policy documents dated 5 /12/ 2018 for all products
  • Pinnacle Life's Funeral Cover new policy wording
  • Nib new rating for serious illness wording
  • Westpac remediation for Life and Trauma
  • Onepath updated policy wording v 4.4
  • Co-op Bank life new policy wording for Life and Trauma

Only research subscribers get access to this content.

 


New Quotemonster Interface

Quotemonster has had a makeover which went live earlier last week after a month of beta testing by a number of advisers. Many changes have been made to maximise the use of space on the website to create a cleaner looking and better functioning Quotemonster. Changes include:

  • Adding clients and benefits horizontally rather than vertically meaning less scrolling and easier viewing (as pictured below)
  • Head to head now has policy wording links to items
  • For Advicemonster users needs analysis now includes Mortgage Cover and shows Income Protection and Mortgage Cover as split benefits. There is also a new settings section for needs analysis allowing you to set your our defaults for cover calculations
  • Better display and functionality on mobile and tablet devices

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If you have Quotemonster saved as a bookmark in your browser you will need to update this. Click on this link to open the new Quotemonster and save this as your new bookmark.

If you have any feedback about the new site we would love to hear it - please email info@quotemonster.co.nz. Happy crunching!

 

 


Advisers: please help

This is a plea for help. The New Zealand Dental Insurance Society has declined to provide a policy document for Quality Product Research Limited to review. Can any of you assist in providing a current one, as we would like to include their product in our business insurance comparison table. Please drop me an email if you can.


Loss of funeral insurance grants adding to the burden on loved ones left behind

Southern Cross have recently announced to over 800,000 policy holders the removal of a $2,500 funeral allowance from policies effective 10 December. In this article funeral directors explain the huge burden that could have on families when it comes to funding a loved ones funeral stating "a lot of people tended to underestimate the cost of a funeral and staff also helped lower-income families to apply for the funeral grant provided by Work and Income NZ - a total of $2058.52.

The Southern Cross changes continue to be raised by advisers that talk with me. The funeral grant is a modest benefit, but others have caused more concern with the limits on treatments for skin damage being an example raised several times in the last few weeks. We shall be meeting with advisers and asking insurers about changes in the way Quality Product Research scores medical insurance.