Financial Advisers can now apply for the KeyInvest Funeral Bond online. This recent initiative has been welcomed by advisers as demand for Funeral Bonds reaches an all-time high due to the changes to the Asset testing that commenced 1 January 2017.
General Manager Financial Services at KeyInvest, Andrew Meinel says “Financial Advisers are looking to product providers to drive efficiencies in their business helping them to lower the cost of delivering advice to clients. The Funeral Bond online application allows them to apply for a Funeral Bond in just 2 minutes without the need to post any paperwork to KeyInvest.”
Under the new Centrelink asset test rules, Funeral Bonds can deliver up to a 7.8% pa return on investment just through the increase to the age pension alone. KeyInvest’s capital guarantee also gives the client peace of mind.
Advisers can access this new initiative through KeyInvest’s Advisers Portal. Meinel explains that “If Advisers don’t have access to our Portal they can apply by completing an Adviser Portal Access Application Form”.
This initiative is the first a number of product and service enhancements being made by KeyInvest.
The information contained in this publication is based on the understanding KeyInvest (ABN 74 087 649 474 AFSL No. 240667) has of the relevant Australian legislation as at the date shown in this publication.
The information contained in this publication is of a general nature only and is intended for use by financial advisers and other licensed professionals only. It must not be handed to clients for their keeping nor can any copies of sections of this publication be given to clients. KeyInvest is not a registered tax agent under the Tax Agent Services Act 2009. We recommend that your client be referred to their registered tax agent or legal adviser prior to implementing any recommendations that you may make based on the information contained in this publication.