Clearview Life Insurance

ClearView is a diversified financial services company that works to help Australians meet their financial goals. The company has three distinct business segments. They include:

  • Life Insurance
  • Wealth Management
  • Financial Advice

While ClearView only emerged under its current name in 2010, the company has existed since 1976. Originally, ClearView operated under the name, NRMA Life. During that time, NRMA Life provided life insurance to NRMA customers. Since its re-launch, ClearView has become a diversified financial services and life insurance company.

Their life insurance business segment falls under the product name, LifeSolutions, and is recommended by 343 financial planning groups.

Although the current business-model for ClearView represents a young company, they boast their lack of business baggage over older companies. Specifically, they have no material legacy technology or pricing issues. As such, they are positioned for continued growth.

  • ClearView is a financial management company with three main business segments, including life insurance.
  • While a relatively new company, ClearView has won several awards and boasts a financially stable business model that is set for growth.
  • ClearView includes several different types of insurance to assist customers during life and in the event of death.

During its relatively short time in operation, ClearView has received several awards for its products and services. Its awards are from reputable organisations such as: Canstar, CoreData, Investment Trends, Dexx&r, and Money Magazine.

Its most recent accolades include:

  • 2017 National winner Outstanding Value, LifeSolutions – Canstar Life Insurance
  • 2017 Overall winner, Matrix Planning Solutions – CoreData Licensee of the Year
  • 2017 Overall adviser satisfaction – Investment Trends Planner Risk
  • 2017 Risk Company of the Year Finalist – Money Management / Dexx&r Life
  • 2017 Income protection, LifeSolutions – Money Magazine Best of the Best

ClearView works to ensure its management teams have a thorough understanding of the life insurance and wealth management industries. Because they are experts in both fields, they can help guide customers towards all encompassing, long-term, financial solutions.

As ClearView is still a relatively new and small company, they pride themselves on their accessibility and approachability. They aim to listen to all of their clients to truly understand their priorities, lifestyles, and financial goals. Their service model is relationship-driven, and they want all of their customers to feel that they are an active part of the decision-making processes related to their policies.

Because of their close relationship with their clients, ClearView is able to get claimants healthy and back to work quickly. They were recognised by the Australiasian Life Underwriting and Claims Association for their efforts in this regard.

In addition to working closely with clients, ClearView also advocates for its clients and advisors in pushing for sensible life insurance and financial management reforms. Currently, they are working to open life insurance Approved Product Lists (APLs). This will ensure that advisors and clients have access to all relevant information in order to make the best decisions for their situations.

In its short time operating as ClearView, the company has maintained a strong financial grounding. As of 2017, it held over $415 million in net assets.

ClearView offers several types of coverage options. They include:

Life Cover

ClearView’s Life cover is designed to ease the financial burden off of its customers’ families in the event of terminal illness or death. These policies pay out a lump sum that families can use for mortgages, other debts, and regular life expenses.

The types of available cover under the Life Cover plan include:

  • Accident Only Cover
  • Full Cover

Total and Permanent Disability (TPD) Cover

ClearView’s TPD Cover pays out a lump sum in the event of a sickness or injury that leaves the policy owner totally and permanently disabled and unlikely to ever work again.

The payout is designed to help customers pay for their homes, attain quality rehabilitative services, and supplement their lost wages. As Income Protection Cover only covers up to 75% of lost income, Clearview’s TPD Cover can be used to make up for the shortfall.

Trauma Cover

ClearView’s Trauma Cover pays out a lump sum in the event of a serious illness such as cancer, heart attack, or stroke.

The payout is designed to help customers access quality medical treatment or pay down debt. Policy owners have the option to choose a benefit amount of up to $2 million.

Income Protection Cover

ClearView’s Income Protection Cover pays an ongoing income while the policy owner is unable to work or until the end of the benefit period. It gives customers the option to cover up to 75% of their regular income and policy owners can choose benefit periods of 2 or 5 years; or up to age 60, 65, or 70 depending on their occupation.

The types of available cover under the Income Protection plan include:

  • Accident Only Cover
  • Full Cover

Business Expense Cover

ClearView’s Business Expense Cover is designed to help customers if they become sick or injured and are unable to effectively run their small business. This cover option helps cover the fixed operating expenses of the policy owner’s small business and pays out a monthly income of up to 1 year.

All of ClearView’s cover options have the following features:

  • Guaranteed renewable – After issuing a policy, ClearView will not change any terms, conditions, or premiums due to changes in life circumstances
  • Indexation – ClearView will automatically increase coverage amounts by 5% each year to ensure customer payouts keep up with inflation
  • Worldwide cover – Customers are covered at all times, all over the world
  • Guarantee of upgrade – ClearView gives its customers access to all new benefits and products as they are released

ClearView incurred $72 million in claims liability during 2017. Of all those who made claims, 25% of claimants participated in rehabilitative services as compared to 6% across the industry.

The breakdown of ClearView’s 2017 claims is as follows:

Also, ClearView did not have any insurance litigations or investigations in 2017.

To make a claim with ClearView, call 132 979 between 8am and 7pm, AEST.

They will discuss the details of your claim and your benefits. ClearView aims to pay out claims as quickly as possible.

Website: https://www.clearview.com.au/

Phone: 132 979

Email: life@clearview.com.au

Post: GPO Box 4232
Sydney NSW 2001

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