ACC (again)

[Grahameeboy]

Sure as all insurers, the angels are only too happy to help me out. They offered to reduce my premium right there and then - by offering me a policy with reduced benefits.

Hey, I aren't complaining at or about them. Just pointing out that Doc is correct, as you age cover become cost prohibitive for very many and that is the time they need it most.

To reiterate I was referring to Claims not hiking up premiums.I agree premiums go up with age but there tends to be a bigger increase when you hit certain age milestones was what I was saying.Maybe you should shop around..I would refer you to my Boss but I can anticipate your response...

[The Stranger:Me]

I would refer you to my Boss but I can anticipate your response...

Really?
I haven't started on fooken crooked dishonest financial advisors yet have I?
Do they have to declare pecuniary interest yet? Bloody scum!

[Grahameeboy]

Really?
I haven't started on fooken crooked dishonest financial advisors yet have I?
Do they have to declare pecuniary interest yet? Bloody scum!

I am happy to refer you even if you just want to have a chat and compare...my Boss is not in anyway dodgy...if he was I would not work for him.He does not have any pecuniary interests in the firms that he uses. We use Asteron & Sovereign.Let me know eh?

[The Stranger:Me]

I am happy to refer you even if you just want to have a chat and compare...my Boss is not in anyway dodgy...if he was I would not work for him.He does not have any pecuniary interests in the firms that he uses. We use Asteron & Sovereign.Let me know eh?

So he charges the client for his services then?
Hmm, perhaps times have moved on.
What sort of costs will I be paying for his advice?

[Grahameeboy]

So he charges the client for his services then?
Hmm, perhaps times have moved on.
What sort of costs will I be paying for his advice?

He does not charge a fee for his services as the commission for life & health is very good. He can talk to you on the phone and arrange a quote.We find that full medical cover which incorporates some dental & optical covers (with limits) is reasonably expensive and we find that most of our clients opt for a "surgery & specialist" medical cover, which means they pass the "big ticket" operation costs etc on to the insurer and "self insure" by covering the costs of doctors and prescriptions themselves. Most of our clients can pay for these doctors and prescriptions from the savings they have made by not having the full medical cover.

[The Stranger:Me]

He does not charge a fee for his services as the commission for life & health is very good. He can talk to you on the phone and arrange a quote.We find that full medical cover which incorporates some dental & optical covers (with limits) is reasonably expensive and we find that most of our clients opt for a "surgery & specialist" medical cover, which means they pass the "big ticket" operation costs etc on to the insurer and "self insure" by covering the costs of doctors and prescriptions themselves. Most of our clients can pay for these doctors and prescriptions from the savings they have made by not having the full medical cover.

Gah thud!
So he either does this for free or is paid by the insurer.

I'm going with a hunch here and guessing the latter.
So what stops him from placing his client's with the insurer (say sovereign) who pays him the most money for placing client's with them?
Does he put his client's interests before his own by perhaps placing their investments with the institution that pays him the least, but obtains the best returns for the client? Anyone for a Tui?

[Grahameeboy]

Gah thud!
So he either does this for free or is paid by the insurer.

I'm going with a hunch here and guessing the latter.
So what stops him from placing his client's with the insurer (say sovereign) who pays him the most money for placing client's with them?
Does he put his client's interests before his own by perhaps placing their investments with the institution that pays him the least, but obtains the best returns for the client? Anyone for a Tui?

He gets a commission and it is the same which ever Insurer. No different to me going to work and getting paid.If you read my post you will see that he put's Client's interests first....in that case he could have got Client to pay $4,000 odd but suggested a lower cost option..."yes"

[swbarnett]

Yeah, except that for the most part private health insurance is cripplingly expensive, especially if you have some form of pre-existing condition which makes it impossible for you to get insurance at all. The system is letting a lot of people down while simultaneously making a few people very rich.

The American system is probably a good example of a private health system gone wrong. It's lacking the basic principles that make private health care possible - guaranteed acceptance (no medical or disclosure of pre-existing conditions required) and Government funding of premiums for those that truly can't afford them.

[MaxB]

ACC should keep thier noses out of the social engineering they got into under labour. They should accept Kiwis' pastimes and habits and insure accordingly which was their original purpose, instead of trying to turn this country into a souless risk free hell hole.

If they get their way we would all be walking around in cotton wool suits and hi viz vests.

[The Stranger:Me]

He gets a commission and it is the same which ever Insurer. No different to me going to work and getting paid.

So are you now telling me the insurers are engaging in price fixing? Is there no end to the corruption in this industry?

And yes, it is WAY different - IF you are holding yourself out to give independent financial advice and you are instead giving advice based on what's best for you then you are lying. Personally I tend to not lie at work.

[The Stranger:Me]

He gets a commission and it is the same which ever Insurer. No different to me going to work and getting paid.If you read my post you will see that he put's Client's interests first....in that case he could have got Client to pay $4,000 odd but suggested a lower cost option..."yes"

Ah I see, as they were unable to clean up their act on their own the govt finally decided to step in and clean up the wild west. About time too!

[Grahameeboy]

So are you now telling me the insurers are engaging in price fixing? Is there no end to the corruption in this industry?

And yes, it is WAY different - IF you are holding yourself out to give independent financial advice and you are instead giving advice based on what's best for you then you are lying. Personally I tend to not lie at work.

Geeze...no wonder your premiums have gone up........have you not read my posts...I have not said that or inferred that...go back to one oof my earlier posts when I explained a real case example where my boss gave advice in the Client's favour and probably reduced his commission by about $700.

[Grahameeboy]

Ah I see, as they were unable to clean up their act on their own the govt finally decided to step in and clean up the wild west. About time too!

The only wild west appears to be alive and well on Te Atatu Road dude....