Life Insurance in Australia Case Study 1. Discuss pros and cons (or limitations) of implementing “clawback” provisions for sales commissions of direct life insurance products. You may refer to Australian Securities and Investments Commission report 587.
2. Discuss the different types of Australian personal life insurances products below and highlight how and what each of these insurance cover, how each of the product work, the different types covers available in the market and give specific examples of why and when they are required both for personal and business situations:
a) Trauma cover
b) Key person insurance
c) Business Overhead Insurance
Word limit: 1,200
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