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Life Insurance - Plan Ahead before you're d__d!
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You never know what tomorrow brings... or takes away.
Life Insurance helps insulate dependents from financial losses brought on by the death of a loved one. It is mostly designed to pay a lump sum amount upon death, but can also be structured to pay monthly amounts over a certain period of time. The life insurance you need changes with your responsibilities, so a regular review is a good idea. If you already have insurance but feel your needs have changed, contact us to see if you are correctly insured. There are a few online sellers nowadays, all of them projecting these online sign-ups as simple and cost-effective ways of organising these products. However, .................... |
....... A word of caution
Any insurance which is designed to pay out on events of death, disability and illnesses almost always has to be underwritten. Underwriting is the process of evaluation of the insured person’s health, lifestyle and such factors before an insurer can accept extending cover. This is an area which is fairly elaborate in the kinds of questions asked, and it is imperative that the correct information is supplied to the insurer at that time, to avoid problems at claim time.
An example: A question like “Have you had any current, or history of, cardiac risks?” This can mean that even persons with well controlled ailments like high blood pressure, elevated sugar levels or high cholesterol still need to answer ‘Yes’ to that question, and provide details. Not only that, but if the person has ever had the slightest episode of a condition like this in the past, which has now resolved itself, they would still need to answer ‘Yes’. If not, then there could be issues at claim time.
When things can be so tricky, why would you want to risk organising something on your own which can have a huge financial impact on the people you leave behind? Why not avail yourself of a professional advisor who can guide you through this process correctly at no extra cost? Especially if they can also hunt out the best value options in the market for you?
Not doing so would be akin to trying to self medicate for a serious ailment by looking it up on the web, when the Doctor’s service is free and that too as a home visit.
Be smart, use a professional, non-aligned Advisor.
An example: A question like “Have you had any current, or history of, cardiac risks?” This can mean that even persons with well controlled ailments like high blood pressure, elevated sugar levels or high cholesterol still need to answer ‘Yes’ to that question, and provide details. Not only that, but if the person has ever had the slightest episode of a condition like this in the past, which has now resolved itself, they would still need to answer ‘Yes’. If not, then there could be issues at claim time.
When things can be so tricky, why would you want to risk organising something on your own which can have a huge financial impact on the people you leave behind? Why not avail yourself of a professional advisor who can guide you through this process correctly at no extra cost? Especially if they can also hunt out the best value options in the market for you?
Not doing so would be akin to trying to self medicate for a serious ailment by looking it up on the web, when the Doctor’s service is free and that too as a home visit.
Be smart, use a professional, non-aligned Advisor.
