A new study has shown Australians who receive and value advice relating to life insurance prefer to have choices about how they pay for that advice. This is according to findings from Risking Everything, the Association of Financial Advisers (AFA)’s third series of research findings.
The researched revealed that Australians who receive financial advice relating to their life insurance needs highly value that advice, understand the benefits of life insurance and have realistic levels of cover, However they prefer to have choices around how they pay for advice.
“What we discovered,” said AFA CEO, Richard Klipin, “Is that people who receive risk-related financial advice are happy for their adviser to be remunerated via commissions and prefer to have choices.”
The research was commissioned by the AFA, conducted by CoreData and sponsored by AIA Australia and surveyed corporate super and life insurance clients.
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