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Overview

RiskLogic Defaults allow you to configure default settings for insurance research and quoting within AdviserLogic's Insurance Quoting tool. These settings help standardise the way quotes are generated by automatically applying your preferred assumptions and policy settings across future insurance research.

By configuring RiskLogic Defaults, you can reduce repetitive data entry, improve consistency across client recommendations, and align insurance research with your practice's preferred settings.

The Insurance(RiskLogic) Defaults in AdviserLogic allow you to set the Insurance defaults that will be applied to all clients and can be seen in the Insurance screens of Digital Advice Research and Scenarios.

Access Insurance Defaults

To establish insurance defaults for your practice go to Tools > Administrative Tools > Product Setup > RiskLogic Defaults

💡Tip

This feature requires Administrative Tool access

RiskLogic Omnium Defaults

On the RiskLogic Defaults page, you can set the insurance defaults for AdviserLogic under the Omnium RiskLogic Defaults section.

Choose from the drop-down options to set the values that will be applied to all your client's insurance screens.

The fields available to set defaults for include:

Premium Projection Duration	2-21	Apply Premium Loading	Yes No
Stepped vs Level Projection	5,10,15,20,25,30	Campaign Products	Yes No
Life Insured Details Collapse	Collapsed Expanded	Show Retail Products Only	Yes No
Extension Cover Preference	Yes No	Minimum Commission Preference	Yes No
Premium Frequency	Yearly Half Yearly Quarterly Monthly Fortnightly Weekly

Once the setup is completed under RiskLogic Omnium Defaults, you can set the defaults for the related Cover Type fields.

Life Defaults

Structure	Stepped Blended Level up to 65 Level up to 70	Ownership	Non-Super SuperFund SMSF
Premium Waiver	Include Exclude Include if Possible	Pay by Rollover	Exclude Include if Possible

TPD Extension Defaults

Structure	Stepped Blended Level up to 65 Level up to 70	Double TPD	Include Exclude Exclude if possible
Premium Waiver	Include Exclude Include if Possible	Occupation Type	Any Own Homemaker Best Available
Ownership	Non-Super SMSF SuperFund SuperLink	Pay by Rollover	Include Exclude if Possible
Life Buy Back	Lowest Premium Fastest buyback available Exclude Immediate 1 year

Trauma Extension

Structure	Stepped Blended Level up to 65 Level up to 70	Reinstatement	Include Exclude Exclude if Possible
Premium Waiver	Include Exclude Include if Possible	Trauma Features	Standard Intermediate Best Available
Life Buy Back	Lowest Premium Fastest buyback available Exclude 1 Year 3 Year	Baby Care	Include Exclude Include if Possible Exclude if Possible
Double Trauma	Include Exclude Exclude if Possible

TPD Defaults

Structure	Stepped Blended Level up to 65 Level up to 70	Occupation Type	Any Own Homemaker ADL Best Available
Premium Waiver	Exclude Include Include if Possible	Pay by Rollover	Exclude Include if Possible
Ownership	Non-Super SMSF SuperFund SuperLink

Trauma Defaults

Structure	Stepped Blended Level up to 65 Level up to 70	Trauma Features	Standard Intermediate Best Available
Premium Waiver	Exclude Include Include if Possible	Baby Care	Include Exclude Include if Possible Exclude if Possible
Reinstatement	Include Exclude Exclude if Possible

TPD Extension

Structure	Stepped Blended Level up to 65 Level up to 70
Premium Waiver	Include Exclude Include if Possible
Occupation Type	Any Own ADL Homemaker Best Available

Income Protection Defaults

Structure	Stepped Blended Level	Inc. Claim Benefit	Include Exclude Include if Possible Exclude if Possible
Ownership	Non Super SMSF SuperFund SuperLink SMSF SuperLink	Accidental Benefit	Include Exclude Include if Possible Exclude if Possible
Waiting Period	14 Days 30 Days 60 Days 90 Days 180 Days 1 Year 2 Years	Pay by Rollover	Exclude Include if Possible
Benefit Period	1 Year 2 Year 5 Year To Age 55 To Age 60 To Age 65 To Age 67 To Age 70	IP Feature	Standard Intermediate Best Available
Agreed Value	Agreed Value Indemnity Agreed if Possible Indemnity if Possible

Business Expense Defaults

Structure	Stepped Blended Level
Waiting Period	14 Days 30 Days 60 Days 90 Days
Benefit Period	1 Year

Saving Defaults

To save the established defaults select the Save button from the bottom right of the Risklogic Defaults screen.

📌Note

You may need to scroll to the bottom of the screen.

Insurance Research

Once Set and Saved, the Insurance defaults will be applied to your client's insurance policies in Digital Advice > Advice Tools > Quoting and Research.