Insurance

Sell as much level term insurance as you can before tax changes

Thursday 3rd of December 2009

Fidelity Life chief executive Milton Jennings says there is a lack of new clients and people need to be sold insurance as it's not going to get any easier.

"We have never seen as much change in the industry as we are now."

He says life insurance companies are going to have to factor in tax as of July next year, and the level premium is likely to go up 15 - 20% whereas yearly renew...

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