Yes, that
was the question during the school drop off run.
We all know
what it means. If you have an accident at work or on the roads or maybe the
shopping mall then you need to blame someone.
What was
that phone number & yes it’s on the TV so let’s call them.
“crows on a wire’ was a term Andrew used
on Sky Business today.
No doubt
they do a ‘fact find’ to ascertain
whether they are a chance of winning a lump sum probably from an insurance
company.
Our answer
as we do ½ hour maths every night included ‘what is 30% of say 50,000 = ?’
The challenge is how
to you meet your commitments before the payout?
As clients
have told us they had to wait eight
years.
Where to
you get those funds in the meantime & the stress & no doubt the medical
bills that go with it.
Let’s
remember these claims are for accidents only.
What
happens if you have a stroke?
What
happens to your future credit rating if you are unable due to disability
meet your Commitments?
We heard at
our latest Professional development day that it is the stroke or the cancer or the trauma or the critical illness
that the insurance companies make the least on.
i.e. they pay out most in trauma claims
& hence you might consider such
cover first.
What is the
solution?
It is to have your plan for the downside.
Remember as
our Young travel agent said ‘if you can’t afford the insurance you can’t
afford the trip’.
A premium is always
less than the alternatives which could be the loss of your current lifestyle or
your assets & certainly your ‘peace of mind’
Where do
you go?
Yes you can
shop online & go directly to the insurance company & not even get off
the couch.
Then what
happens?
Here is
what a company that does both direct & also uses advisers had to say at our
PD day.
·
Rates
for Direct i.e. directly to a company, life insurance can be up to 200% more & on average 40% more.
·
Direct
is designed to accept the easy ‘clean skin’ applications & decline most others.
·
Suicide
& other pre-existing conditions have exclusions for up to 5 years.
·
Dangerous
pastimes & occupations are excluded for the life of the policy.
·
It
is at claim time that the 40 questions which weren’t asked on application are
now asked.
·
Claim
payments are less than 50%.
·
45%
of income & trauma covers are underwritten at claim time.
·
Higher
nondisclosure by applicants. What does that mean?
·
Limited
cover & reduces with age. When are
you more likely if not probably going to need the cover?
Good luck.
But with a non aligned adviser you get
o
Help
during the claims process
o
The
adviser knows what cover you have
o
The
adviser know the client & hence goes the extra mile
o
The
adviser is on your case if you change bank accounts, change address or miss a
premium.
o
He
wants that cover in force when you need it.
o
We
provide the help you want when you want it
o
When
do you want to answer the 40 questions? Now or at claim time?
o
We
provide a tailor plan within your agreed budget for your needs.
o
We
probably do it for less.
Let us think about that.
We do have also
some ideas on estate planning that a contemporary wrote due to his own
personal tragedy.
You can Call on 3848 1088 or Email is for
those ideas as it could help those who you care for & who care for you. Discover
our website.
We will
have other ideas for you when we lunch here.
Remember it
takes 20,000 hours to master your trade.
As we said
to Mary today ‘we do for you what we
would do for ourselves if we were in your financial & personal position.’
Isn’t that what you would want us to do for you?
John McAuliffe
