Insurance quote

Insurance quote types

The following policy types can be compared within the PrimeSolve platform.

*PrimeSolve leverages external data feeds to compare over 1000+ insurance plans. Further information as to how policies are rated, are available via the technical user guide.

Advisers can leverage the preferred quote type or rely on the system defaults. The assumptions from the preferred insurer will then be used within the cashflow model to provide accurate forecasting.

* The cost of insurance premiums within the model will factor in the expected rising cost of premiums as a client ages, as well as the expected drop in insurance needs requirements that will naturally occur as a client is projected to be better equipped to self-insure over time.

For example: The table below highlights how insurance costs are treated within the cashflow model. The preferred insurer will provide projected insurance costs into the future. The premium costs are then converted to a cost per $1,000 and applied to the projected sum insured amount to arrive at a final cost per year. The cost of the premium is then either applied to the cashflow of the client and/or the super account depending where the policy is held.