Why you should place your

business with the industry expert

FINANCIAL ADVISER NEWS             

Within the insurance world it is becoming increasingly important to stick with the industry expert, to protect not only your client but yourself. With 14 years experience in the income protection market, FMI understands your client’s income protection needs and hence provide product solutions that are flexible yet simple, that pay during times of uncertainty.

 

Below are 5 reasons as to why FMI should be considered to provide you and your clients with peace of mind income protection cover:

 

 

1. Niche focus –

FMI has focussed our resources and time in specifically providing small business owners with valuable income protection cover. Our focus ensures that we remain the leaders in providing income protection benefits to income earning individuals.

 

2. Infrastructure –

FMI’s use of technology and centralised infrastructure, based in Durban with regional representation, is reflected as a cost saving in your client’s premiums.

 

3. Streamlined underwriting and application process –

Our tele-underwriting process reduces your workload as clients are contacted telephonically for medical underwriting. Furthermore, travelling nurses are able to perform basic blood tests on your clients in the comfort of their own home, which contributes towards an uncomplicated underwriting process.

 

4. Claims certainty –

FMI’s definition of a disability is based on a client’s inability to perform their stated occupation, not loss of income. The broadest definition is used to maximise our client’s chances of having their claim accepted. Furthermore no proof of loss of income or proof or pre-disability earnings is required for TIP claims. Our payment record of 97% of all TIP claims in 2008, bears testimony to our claims philosophy which ensures certainty. FMI’s improvement in individual and group lapse rates can be attributed back to this claims certainty. 

 

5. Flexibility and simplicity of our products –

FMI recognises the different risks associated between TIP and PIP and hence offer it as two separate benefits. The choice of 3 waiting periods, 4 termination ages and 4 escalation options allow our products to be customized to suit any individual’s income protection requirements.

 

 

 

FMI’s target market, philosophies and product structure is geared to help you, the Financial Adviser, grow your business. For more information on our products or to be in touch with a Financial Adviser Distribution Consultant, please call 0860 10 52 08 or email sales@fmi.co.za.

FMI has recently released an update to our quotes package, Version 10.4A.07. The change includes an adjustment on 9 Professional Elect occupation ratings, which can be viewed at http://www.fmi.co.za/quotes.aspx - the change log.

 

To download the latest version, please click through to the front page of our website “www.fmi.co.za”, and click on the icon “Click for quotes solution upgrade”.

                                                     

Volume 32, August 2009