This is Brett Clark.
He’s the CEO of Australian insurance company TAL Holdings, the company that fleeced my late mother Una Ellis (https://ericellis.com/has-tal-insurance-ripped-you-off) of $1000s while she suffered through dementia.
Brett seems pretty happy.
Maybe that’s because he’s just scaled Sydney Harbour Bridge, an exhilarating experience. Or maybe because its so easy for the company he’s run for eight years to make money when it preys on vulnerable pensioners like Una. So perhaps he’s simply high on Dementia Dollars.
An average adult ticket to climb the bridge costs $A394. You buy a ticket, say, as a present to your daughter, and she climbs. That’s the deal. Everyone wins.
But by Tal’s metrics, you pay around $A7000 in ever rising monthly installments over 11-12 years, for a ticket worth just $A5000 that she can only use when you die.
And if you suffer dementia, and lose control over your life like Una did, Tal takes all your money and cancels your daughter’s climb. To get her daughter on the bridge, like Blissed Out Brett here, Una had to pay Tal still another $A1700 from the grave, to get back the original $A5000 ticket. That climb has now cost around $A9000, and only Tal wins.
I’ve asked Brett a few questions about his math, and about how his company fleeced Una but he hasn’t yet responded. Maybe you’ll have better luck. Or the many industry regulators I’ve consulted, who are also very interested in what Brett and Tal get up to. Brett’s on brett.clark@tal.com.au
Be Happy like Brett. But don’t be Brett. Nor Tal.
(please share widely)