
Insurance
Pinnacle says no justification for some premium increases
Friday 28th of May 2010
Pinnacle Life calculates that insurers will need to increase life insurance premiums by around 20% on new policies sold from July 1 to neutralise the effect of the tax change on bottom-line profitability.
However no insurer has made increases of this magnitude.
Pinnacle Life partner Ed Saul says Pinnacle plans to increase prices on new policies by 10% from July 1, followed b...
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