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Life Assurance, Critical Illness Cover Etc – Are You Paying For Policies You Don’t Need?
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Life Assurance, Critical Illness Cover Etc – Are You Paying For Policies You Don’t Need?
By: Ray Prince
Posted: Nov 21, 2009
One of the mon issues we find when we review a new client’s situation is that over the years they have been sold (or have purchased) many life, critical illness and ine protection policies.
Now, it’s important of course to state that such cover for Authentic Cam Newton Jersey , say, a couple with a family and a mortgage, is absolutely vital. It is perhaps better to have ‘a little too much’ cover rather than a ortfall that would cause them serious problems if the worst was to happen.
However, it’s also fair to say that it’s likely that you would not be happy paying well over the odds for protection year after year if it turns out that you did not need it.
In many cases this turns out to be the case, particularly for clients age 4550 plus. This is because in almost every example we can think of Greg Olsen Jersey , several things happen that an the protection held is questionable.
The top few would be:
the policy itself is not ‘best value’ the client was overinsured from the start matters have not been reviewed for many years NHS benefits have not been built in to the ortfall calculation I think the first three are self evident, but let’s look at the fourth issue here. Perhaps it might be sensible to look at a couple of doctor Consultant examples. In both cases we presu that they are married with 2 children, and have a mortgage.
We look at life cover and ine protecti.
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