iExtend - Insurance, Sydney, NSW
Opening Hours
Open now, Closes in 6 hours
| Monday | 9:00 am - 5:00 pm |
| Tuesday | 9:00 am - 5:00 pm |
| Wednesday | 9:00 am - 5:00 pm |
| Thursday | 9:00 am - 5:00 pm |
| Friday | 9:00 am - 5:00 pm |
| Saturday | Closed |
| Sunday | Closed |
Opening Hours
Open now, Closes in 6 hours
| Monday | 9:00 am - 5:00 pm |
| Tuesday | 9:00 am - 5:00 pm |
| Wednesday | 9:00 am - 5:00 pm |
| Thursday | 9:00 am - 5:00 pm |
| Friday | 9:00 am - 5:00 pm |
| Saturday | Closed |
| Sunday | Closed |
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Description
iExtend is an option for those clients who have value in their policies but have made the decision to cancel.
iExtend provides an option to those who have committed to cancelling some or all of their cover and walking away from their policy. Co-owning a life policy with iExtend not only eliminates future premium payments for the percentage of the policy that was to be cancelled but provides a greater portion of any eventual claim for the estate and loved ones, than would otherwise have been received.
iExtend (‘iExtend’) partners with life insurance owners, taking co-ownership of the life policy and paying ongoing premiums on cover which would have otherwise been cancelled.
Term life insurance premiums typically rise by 15 to 20% annually, especially amongst policyholders entering retirement with reduced disposable income meaning they are eventually cancelled due to unaffordability.
iExtend provides an alternative to cancellation, extending the coverage on select life policies by paying ongoing premiums in return for a share of the eventual claim.
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