Mortgage brokers may restart selling life insurance

Sunday 27 June 2004

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.

By The Landlord

“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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