Navigator today announced it had added a comprehensive range of wealth protection (life insurance) products to its state-of-the-art administration platform.
Navigator today announced it had added a comprehensive range of wealth protection (life insurance) products to its state-of-the-art administration platform.
This initiative is in response to demand from Independent Financial Advisers. Now, using Navigator, an adviser can provide an all en-compassing service to grow and protect the wealth of an individual client.
Group Director of Distribution Allan Griffiths said he was very pleased to be able to offer this new service to all clients, completing the “virtuous circle” of investing.
“This is a brand new initiative that will make buying wealth protection products easy for both our customers and the Independent Financial Advisers using Navigator,” said Allan. It is both timely and logical. One element of investing is building wealth – however it is also prudent to protect what you already have.
In a recent survey published by Assirt, 98 per cent of Financial Advisers surveyed said that they planned to offer life insurance services to clients in the future1.
“There has been a very appropriate change of attitude within the financial planning community towards the sale of life insurance," said Allan.
Navigator is making this simple for Independent Financial Advisers with the addition of wealth protection products to the service. Using Navigator Wealth Protection, advisers can ensure their clients are financially protected against death, disability, critical illness or injury.
“At Navigator, we are about making financial services simple, efficient and flexible. And now, we’ve added the wealth protection products to ensure that most financial planning issues are catered for," said Allan.
Using Navigator, Independent Financial Advisers can structure their client’s investments across a wide range of investment managers and assets including cash, fixed interest, property, shares or any combination of these. They also have the flexibility to quickly move positions as strategies mature – and get the benefit of one single wealth “snapshot”, a report which details exactly what their financial position is.
By providing clients with a range of investments as well as life insurance, Navigator makes it easier for advisers to competently manage their client’s finances using the one system.
And now, advisers can also provide clients with top quality wealth protection products from a quality service provider with extensive expertise in managing investments.
The new Navigator Wealth Protection products are:
- Personal Life Protection
- Personal Recovery Protection
- Personal Income Protection
- Personal Salary Protection
To assist Independent Financial Advisers in selling Navigator Wealth Protection products a number of new on-line services are now available, including provision of quotation software, underwriting forms and adviser reports.
“Navigator is designed to suit the needs of many different clients. Now, with the wealth protection products, Independent Financial Advisers can create individual packages to covers all financial options,” said Allan.
1Assirst - Service Level Report 2002, Melbourne
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Allan Griffiths is available for interview.
For further information, please contact:
Simon Morgan, Group General Manager
Public Affairs
(03) 9829 8892
0407 966 632
Note to editors:
- Norwich Union Australia is a group of two specialist financial services companies; Navigator and Norwich Union Life. Portfolio Partners, the Australian funds management arm of Aviva plc, is a sister company to Norwich Union. Through these companies we provide products and services in the areas of wealth creation, wealth management and wealth protection for more than 300,000 customers throughout Australia.
- Globally, Norwich Union Australia is part of Aviva plc, the world’s seventh largest insurance group, the largest insurer in the UK and one of the top five life companies in Europe. Aviva was formed in May 2000 through the global merger of CGU plc and Norwich Union plc.
- Aviva’s principal business activities are long-term savings, funds management and general insurance. It has a market capitalisation of approximately A$34.4 billion at 13/01/03, worldwide premium and investment sales of more than A$76.6 billion from ongoing business and more than A$556 billion in assets under management. The group has 64,000 employees and more than 25 million customers.
- This document does not contain all the terms and conditions attaching to product benefits and options. For a full list of terms and conditions please refer to the Offer Document. A policy for insurance cover or an application for an issue of an interest as described in this document can only be effected after completion of the application form contained in a current Offer Document for the product.
The information in this document reflects Norwich Union's understanding of existing legislation, proposed legislation, rulings etc as at the date of issue. While it is believed the information is accurate and reliable, this is not guaranteed in any way. The information is not, nor is it intended, to be comprehensive or a substitute for professional advice on specific circumstances.
The securities advice or information given in this document is of a general nature and has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of the advice above, a prospective investor needs to consider, with or without the assistance of a professional adviser whether the advice is appropriate in the light of their particular investment needs, objectives and financial circumstances.