EON 38: Insurance Underwriting

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Manage episode 153064731 series 1080272
By Mark Wenzel and Mark Wenzel - Principal EON Financial Group. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

EON speak to Michael Reid from AIA Insurance about the underwriting process. We felt that if trustees could have a better understanding about what happens behind the scenes when you apply for insurance in your fund, another barrier would be broken down to stop trustees implementing the appropriate amount of cover to protect themselves.Insurance is a way to share the risk of the life events impacting on your retirement strategy. By sharing the risks with an Insurance company you are effectively moving the risk from your self to a large institution. Underwriting is the process where insurance companies assess the risk of you making claim. By going inside the underwriting process you will be better informed about this important process.Compound your wisdom!

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