Stats for this track
In 2 Groups
The advert for Outsurance Life is being run on TV and it offers all your premiums back after 15 years if you have not claimed. A few years back, the average term of a life insurance policy was just under 7 years. What this means is that most people are changing their policies every few years so the likelihood of you still having the same insurance policy in place in 15 years time is very small. Mathematically, the 98% who cancel their policies will probably subsidize the 2% who don’t. But in order to really make sense of their offer, we need to look at an actual quote.
Certified Financial Planner at The Financial Coach, Gregg Sneddon, was on-air to help analyse.
"It is too good to be true"
Following Gregg Sneddon's analysis of Outsurance, their CEO, Willem Roos, joined Bruce to respond to Sneddon's views on the life insurance policies offered by Outsurance.
"To do simply one quote and compare premiums...I'm not too sure how scientific a process that is"