• Britannia
  • Financial protection for families
  • Financial protection for wage & salary earners

‘Secrets’ of a successful Insurance claim

Time to make an Insurance claim? Getting in touch with us is always the first best step: we can help you through the process and let you know what you need to do.

But there are some other things you can do to help your chances of a successful claim. Read on for some key examples…

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What does Life Insurance buy you?

Life Insurance – while not everybody has it, those who do generally have cover to ‘pay off the mortgage’ or ‘leave something to the kids’ should they prematurely die.

However, Life Insurance provides more than just a debt repayment, or bequest facility. Life Insurance ensures your family is able to maintain their lifestyle in the event you are no longer there earning an income and contributing to the family’s costs.

And if you add up how much income the family would potentially lose, it is often a lot more than the level of cover most people have.
So, what can life insurance buy your family?

[Read more…]

Why should 20-year-olds consider Insurance?

Your 20s are a decade of ‘rinse, wash and repeat’ transformation. A new job, your own car, a roof over your head, increasing everyday expenses, and maybe a young family to take care of – you may feel that your life is going from zero to 60 in the blink of an eye.

With all these changes happening at once, now might be a good time to ask yourself, “Do I need Insurance?” Here are some important things to consider.

You are worth protecting

[Read more…]

Four common Insurance mistakes

With so many details to pull together, Insurance can be a complicated topic – especially if you’re not familiar with the jargon. Less than 10% of Insurance claims are not paid, and in most cases, it was because of an avoidable mistake.

In this guide, we take a good look at the most common ‘insurance mistakes’, and how we can help you avoid them.

Unwitting non-disclosure

Insurance providers are fans of forms: that’s a given. And there’s a reason why Insurance applications come with so many questions: it’s a process called ‘underwriting’.

To determine your premium rates and policy conditions, the Insurance provider needs to gather all relevant information about you, including any past medical conditions and habits you may have (e.g. smoking). But what if your memory fails you when you’re filling in the forms?

Without guidance, it can be easy to overlook details that seem insignificant or simply forget about them, but it’s important to note that unintentional non-disclosure or misrepresentation could result in a future claim being rejected and even your policy being cancelled.

As your adviser, we can help you avoid unwitting non-disclosure – by asking the right questions and answering all of your queries.

The one thing that can jeopardise your claim

Once again, when it’s time to claim, being truthful is always a good idea. This includes providing the correct information – nothing more and nothing less than this.

Things like adding non-existent items to a Contents Insurance claim or falsifying receipts, for example, cannot just lead to a claim denial. They may put your future insurability at risk and even result in prosecution.

So please don’t hesitate to contact us: we can help you ensure that your claim is filed correctly, and do everything we can to ensure that the payout is fair, reasonable and quick.

Not reading the small print

Are you sure that you know what your Insurance does and does not cover?

Time spent reading the small print can be tedious, and it often creates more questions than answers. It’s one thing to identify all inclusions and exclusions; it’s another thing understanding their implications.

Needless to say, we know the ins and outs of your cover. Have any questions for us? Please feel free to get in touch.

Missing premium payments

Keeping up with your premium payments is also crucial. If you fail to pay for a certain amount of time, your policy could lapse, leaving you uncovered and unable to make a claim.

If it was an oversight, consider setting up direct debit: it will take care of it for you. But if – for any reasons – you’re finding it hard to meet your premium payments, please let us know as soon as you can. Working closely with your Insurance provider, we may find ways to help you manage your premiums without losing cover.
As you can see, there are a number of important things to consider. So reach out to us whenever you need assistance: we’re in your corner to make your Insurance journey as simple and smooth as possible, helping you avoid all the bumps in the road.

An Adviser Disclosure Statement is available free and upon request.

Four ways to protect yourself in your 30s

We know it well – the decade between 30 and 40 years of age is a time of big change and increasing responsibilities.

Maybe you’re giving your career a boost or taking it in a new direction. You may have just tied the knot and started a young family, got on or climbed the property ladder.

With growing debt and dependants to provide for, the 30s can also be a very good time to take out insurance. And there’s another valid reason to explore your insurance options: premiums are still at a low rate.

If you’re looking for a little nugget of inspiration, here’s an outline of the insurance types that best match this stage of life.

Health insurance

Here’s a strong case for securing health insurance while in your 30s – the younger and healthier you are, the lower your health insurance premiums will be.

Also importantly, being reasonably young minimises the risk of having already developed pre-existing conditions. In other words, you may have a wider range of options to choose from, at a lower price.

One final factor should be added to the mix, as well – prevention. Don’t forget health insurance can be an incentive to get your health checked more regularly.

Trauma cover

When a serious, potentially life-threatening condition strikes, being able to focus on your recovery without added stresses can make a big difference. That’s where Trauma Insurance (also known as ‘Critical Illness Insurance’) comes into play, offering a lump-sum benefit that helps you afford the unexpected costs of an illness or trauma.

Income protection

The ability to earn an income is all about meeting your daily living costs, monthly rent and loans. It goes without saying, this is something worth protecting, being one of your biggest financial assets and an important source of your present and future wealth.

Income Protection offers a financial safety net should a total or partial disability undermine your ability to work, providing monthly benefits to replace a significant portion of lost income.

Life insurance

If you’re a young couple – with or without kids – people may depend on you and your income. At the same time, you may have a mortgage to pay or other long-term commitments to attend.

Life insurance is a way to make sure these won’t become a sudden burden to your loved ones. Affordability is a key element to consider and, once again, keep in mind that premiums are lower when you’re young and healthy. You can even lock in costs by choosing level premiums over age-related ‘stepped’ premiums. This will fix your premiums for life, preventing them from increasing over time.

An Adviser Disclosure Statement is available free and upon request.

Health insurance: Value for money counts

Obviously our health is not something we should penny-pinch on. But having said that, value for money definitely counts when you’re looking for a new health insurance policy or reviewing an existing one.

Here are some helpful tips on how to make the most from the money you spend on health insurance.  [Read more…]

Trauma Cover – Giving You Options

Do you know anyone who has suffered from a heart attack or cancer in their working lifetime?

No one ever expects it to happen to them, but imagine hearing the news that you have a serious medical condition which could prevent you from working to the same capacity as you usually did.  How would you cope financially? Would your partner be able to support you during your recovery, as well as continue to work? [Read more…]

The Value of Your Broker

The Value of Your Broker

With the click of a button, you can buy an airline ticket to anywhere in the world, order a pizza, pay your power bill. And buy your life insurance.

So why are we here? What can we do, that you can’t already do yourself?

Five reasons why we add value to the purchase of one of life’s most important decisions: [Read more…]