It pains me to have to write this. I hope it will bring some hope to some of my clients and, to others, a sober warning about why not having insurance or going the self-insurance route may not be wise. Obviously, the loss of possessions is distressing, but these are material things and can be replaced. What causes me more distress is what the events leading up to the unprecedented looting and destruction will mean in the longer-term in terms of the disruption of people’s lives and the businesses involved.
Category: Insurance
When should I buy life insurance?
The short answer is much sooner than you think you will need it! The challenge is that a 20-year-old appears to be healthy and sees cover as a grudge purchase. Young people often think that they are invincible. In their case, accidents are the biggest cause of death and disability. Adults who are faced with their own mortality often wake up to the fact that they may also leave others behind!
Yesterday, today, tomorrow – times have changed for the living and the dead!
The sand in the hourglass might have run out for you, but it is not the end. Funerals are complex things that never seem to go quite as anticipated. Mostly, it seems, this is so because we assume everything had been taken care of somewhere along the line and we do not (want to?) take a closer look. Many funeral policies claim that you will receive a payout within 24 to 48 hours. What you may not realise is that it does not mean from the minute your Dear One departed.
In case of fire, know your stuff – some notes on home content insurance
Despite climate change, the likelihood that your house will burn down is thankfully quite low. However, there are few things that are as completely and utterly devastating. Statistics tells us that of those who do have household insurance one in three are under insured by about 30%.
Car Insurance – cheaper isn’t always better
Each insurer will present their products in such a way that it highlights the advantages of their products. However, there are always trade-offs and these are not always made explicit. It is a balancing act. In order to provide you with certain benefits, others have to be cut, limited or made available as expensive add-ons. It is a matter of which sacrifices are more acceptable to you.
Retirement: what you should know and what you can do about it
The thought of getting old leaves many of us cold. We use euphemisms like Golden Years and Senior Citizens and Mature to make it sound appealing, but there is no getting around the fact that ageing is generally painful. But here you are, brave and ready to get ready for it!
Preparing in life for what is to come thereafter – investing in life insurance
Writing a definitive thesis on the subject of Life Cover will take us at least 50 pages. World events, such as COVID-19, continuously influence the development of new legislation and policy options. Your needs may change in multiple areas of your life. Your financial advisor will have your back.
How Would You Like Your Payment Served – Upfront Or Hidden Amongst The Veggies?
The recipe used by the majority of insurance companies is one which enables the agent (called a seller) to earn a commission for each policy sold. This is how they make their money so that they can eat. This commission is paid in differing amounts – the first helping is the biggest, followed by regular, smaller ones for the duration of the lifetime of your policy.
DIY Life Cover: ‘we repair what your husband has tried to fix’
It is difficult not to be reminded of your mortality if your internet scrolling is regularly interrupted by advertisements for life cover.
Longevity – So much more than Old Bones Creaking at Dawn
One of the advantages of being older, as I told a young friend recently, is that you tend to
become more truthful. You say it like it is, without caring as much about other people’s
reactions.