ClearView began in 1976 as a life insurance company called NRMA Life. They relaunched in 2010 and eventually grew into a diversified financial services company.
The insurance company currently offers a LifeSolutions Product Range that is highly recommended by several financial planning groups in Australia. Check out some pertinent information about ClearView to see if they fit your lifestyle needs.
ClearView has a wide range of products to protect its clients and their families. They designed the packages to fit different budgets, lifestyles, and requirements. Some coverage they provide include:
• Accidental Death Cover
• Life Cover
• Total and Permanent Disability (TPD) Cover
• Trauma Cover
• Income Protection
• Accidental Income Protection
The policies cater to a wide demographic. You accept those who are at least 18 years old but not over 75. The policy expires once you reach 99 years old, depending on the cover type and premium structure you choose.
ClearView Wealth Limited, the parent company of ClearView, has a “BBB” Long-Term Issuer Default Rating (IDR) from Fitch. ClearView Life Assurance also received a “BBB+” Insurer Financial Strength Rating and “BBB’ rating for their Long-Term IDR.
The scores above represent a company’s creditworthiness and financial security. The company managed approximately $450 million in net assets as of December 2019. They also ensure compliance with the Australian Prudential Regulation Authority (ARPA).
The company also has a reinsurance treaty agreement with Swiss Re, which is the 2nd biggest reinsurer in the world. Overall, ClearView is financially stable, and they are capable of processing ClearView life insurance claims and do payouts promptly.
ClearView strives to assist clients in achieving financial security. They provide a high level of personal service, care, and concern that are rare in businesses today.
Most policyholders only have good words to say when it comes to ClearView’s performance. They are satisfied in terms of value for money, ease of application, processing timelines, features and benefits.
Some other notable benefits of policyholders include:
• Worldwide coverage – you have cover in any part of the world, 24 hours a day.
• Indexation benefit – the benefit amount increases by the CPI percentage or 5% annually to keep up with inflation.
• Future increase benefit – you can increase coverage without giving additional medical information if you get married or have children.
• Suspending cover benefit – you can suspend coverage for a maximum of 12 months if you’re experiencing financial hardship. You are not required to pay any premium during this period.
You need to confirm if there are exclusions that can affect your ability to claim in some situations. For instance, ClearView is not willing to pay any amount if the cause of death is self-inflicted act or suicide. This is applicable for the first 13 months after your policy becomes effective.
There are many factors to consider before choosing the right insurer for you. This includes your budget and personal circumstances. It’s wise to first compare the prices and products of different insurance companies to see which features fit your lifestyle and needs. Use Makes Cents’ comparison tool and see all your options today!