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… while Tower Australia simplifies its life products

Tower Australia is revamping a number of its life insurance products to make them more simple for financial advisers and their clients.

The life insurer has rewritten its Accelerate and Tower Protection Product ranges to enhance their competitiveness and recognise changing customer needs, such as those who prefer the online application process. They have also been updated to accommodate advances in medical technology.

CEO Retail Life Brett Clark says Tower Australia decided on the revamp to make the business of a life insurance adviser simpler and more efficient and help them give their clients choice.

“If Australia’s wealth protection gap is to be closed, then life insurance need to be more readily available to the consumer and independent financial advisers need to be provided with simple tools to do the job,” he said.