If you were suddenly unable to work due to an illness or injury, how would you pay your bills and put food on the table? How about if you passed away? Would your family be able to survive the financial fallout associated with losing your income and paying for your funeral?
While the above are “what-if” scenarios, they are still scenarios that could realistically happen, which makes planning for them an important consideration.
So how do you plan for such scenarios? Well, life insurance, income protection and critical illness cover are all sensible starting points.
But with so many different options available on the market, how can you make an informed decision and, more importantly, the right decision for you? That’s where a protection intermediary, like Premier Choice Group can help.
1. Help Assess What You Need
When you reach out to a protection intermediary, they will assess your unique situation so that they can recommend a product that’s right for you. Things like whether you have a mortgage and if you’ve got children will all form part of their assessment, and you will benefit by receiving a recommendation that’s based on your individual circumstances and needs.
2. Help You Understand Products
Rarely are two protection policies ever the same. With varying types of cover and differing policy wordings it can be a minefield if you’re looking for protection yourself.
By partnering with a protection intermediary, you will have any questions you’ve got about a particular product answered, enabling you to make a much more informed decision.
3. Help Secure A More Tailored Policy
While you can obviously buy protection direct, doing so through an intermediary will allow you to take advantage of more tailored policies. The adviser you speak with will often be able to tailor protection solutions to suit not only your needs, but also your budget.
4. Work With Any Existing Policies
Maybe you’ve already got an existing policy or benefit from some kind of cover through your job. Either way, an intermediary will be able to help you secure a new policy that works in harmony with your existing one.
The depth of knowledge they have when it comes to products and premiums means you won’t be paying for protection that is surplus to your needs.
5. Provide Assistance With Claims
Last, but certainly not least, is the fact that protection intermediaries can actually help you with any claims you make. Of course nobody wants to think about making a claim in the future, but it’s something you should think about to better prepare you should the worst happen.
Making a claim in the event of an illness or serious injury will be stressful enough as it is. That’s why being assisted by an intermediary when making a claim and having your burden lessened is so valuable.
Want to know more about how a protection intermediary can help you secure a policy that’s right for you? Call us free on 0800 970 1618 or click here to enquire online.
[Related reading: Choosing The Right Life Insurance Cover]
Claire Ginnelly is the Managing Director of Premier Choice Health and has been in the private medical insurance industry since 1991. All her experience has been gained working for large insurance companies managing the distribution of health insurance products through intermediaries. She has held senior positions within Standard Life Healthcare, as Head of Intermediary Sales, and Groupama Healthcare, as Head of Distribution.