According to Emma Brooke from Gladstone-based financial advisory firm, there is no doubt that the very thought of claiming on your own insurance policy is depressing.
“Extensive research tells us that you (and even me) may be unable to work for an extended period during your life due to sickness or an accident.
Emma says “The problem is that nobody has any idea of when that might happen.”
“It’s a confronting topic that makes us think about our own mortality. However, as a financial adviser I have helped many clients through the process. The worst can happen to anybody. If it does happen to you, you want to make sure that:
- You took due care (supported by advice and help from someone in the know) when preparing your initial application and;
- That you actually have the cover in place. Please stop and consider how your family would cope financially if something happened to a beloved family member?
She says that before you get to that point, this is where you can start if you don’t have cover:
Emma says to find a licensed financial adviser who specialises in Personal Risk Insurance, such as herself. The application process is so important to relieve stress in the event of a claim. It has to be done right; and the conditions and definitions (the boring stuff) must be spot on. Don’t be satisfied with approval of cover that require very little in the way of medicals or blood tests. You may think you have cover but it’s a nightmare to be told at claim time your application is rejected because you ‘broke the rules’ since you forgot (often genuinely) to tell the insurer something small but now seemingly crucial.
A professional adviser will ensure you have insurability from the very moment the cover is granted. The last thing anyone wants when they have suffered a serious injury or have been diagnosed with a life-threatening illness is a delay. Or worse still, have any doubt the claim will be paid.
This is where the role of an adviser throughout is so important. Your adviser usually knows someone ‘higher up’ and ‘in-house’ who could assist through the process. That means, it’s not only your adviser who is onto the insurance company but their internal contacts, who are often part of a large Head Office which the insurer does not want to get offside. This alone is a huge factor over buying insurance online, because who will be there to back you up?
So please don’t put it off another moment – and this is the ‘pulling on heart strings part’ – do it for those you love and who love you. Contact Emma today 07 4972 5177 or email firstname.lastname@example.org