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Mortgage brokers may restart selling life insurance

Sovereign managing director Simon Swanson predicts that brokers who have been selling home loans for the past few years may switch back to being insurance advisers once the housing market starts to slow.

Sunday, June 27th 2004

“There are a lot of people in New Zealand that need life insurance” he says.

Swanson says the growth of the mortgage broking business in New Zealand over recent years has been at the expense of te life insurance markets.

Industry figures show that the life insurance markets have been relatively stagnanta, however mortgege broking has grown.

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