Switching Life Insurance

Why Busy People Almost Always Overpay For Their Life Insurance.

Chances are when you first purchased your current life insurance policy it was probably a pretty good deal. However, there is something you should know.

Most busy people, like yourself, buy a policy, throw it in a drawer and forget about it.
But since you rarely have time to review your coverage, you probably never even noticed the scheduled price increases as you got older.

One of the biggest money saving tips that I have to offer you is....... you must make a habit of reviewing your policies each and every year!

No doubt about it. If you learn only one thing from me, I hope this idea will be it!
Common sense, right? But, it’s amazing how few people take the time to review their cover.
This one step alone could possibly save you hundreds of rands.
Which brings up a very important point;

Life insurance rates are all about the same, right?

Wrong! Wrong! Wrong!
In fact, the competition between companies has resulted in some pretty good rates.
Life cover is not a simple buy.
The new “risk-only cover” available today, has resulted in the demise of the traditional forms of life cover.
No longer are you forced to buy a cash value; money that you are unlikely to ever use.
You can buy pure risk cover only, in whatever amounts you need.
No longer do you have to buy an equal amount of life cover as you need for disability or dread disease.
You can buy disability cover on its own.
No longer does your disability cover have to end when you retire; just when it becomes vital.
You can have cover for life.
No longer do you need to have a separate policy for you and your spouse or for a bond.
You can have it all in one policy - for life.
It is likely that your policies may be outdated and unnecessarily expensive.

Only through a comprehensive analysis of your current needs and assets will you really know that you have the right cover.

I URGE YOU TO CALL ME NOW AND SEE WHAT YOU COULD SAVE!

SIX STEPS BEFORE SWITCHING LIFE INSURANCE.

1. Don’t rush into it.
The broker asking you to switch may benefit more than you do! And his gain may be your loss.
If you have a policy with cash values, there may be penalties payable when you cash it in.

2. Find out if your present insurer will offer a better deal.
Most life companies have new generation plans.
So contact me to find out.
Ask for a review and full explanation of your policies, including quotes on new cover.
It may turn out to be best to stay with your present insurer.

3. Find out if your present policies have benefits that are outdated.
The disability debate rages on.
Are you sure that you are really covered?
Many people are unaware of just how their disability works, or that it may end with retirement; just as cover becomes extremely important.

4. Find out if your present policies have some favourable tax advantages.
Your statements don't give the whole story; they just touch on the high points.

5. Make sure you will pass a medical check up.
You want to be sure that you are insurable at standard rates.
Don’t end up like so many others who dropped their present policies then found they were uninsurable or loaded.

6. Don't drop any policies until your replacements are in force and in your hands.
Your new coverage should overlap your old coverage until you are sure it's safe to drop your old policies.
Too many people buy a policy here and a policy there until they have an unplanned life insurance hodgepodge.
It's both confusing and expensive.
Your life insurance ought to be coordinated with your other assets and benefits to meet your long and short-term objectives.
The result should be an overall plan that you understand, meets your needs and saves you money.
Providing income instead of a lump sum may be more appropriate in certain situations.
Another option is a lump sum for part of the proceeds (to provide for immediate cash needs) and the rest paid out as income.
An analysis will answer all these questions for you.

CALL ME.

As part of my commitment to you, I will offer you this analysis at no charge.

As a Financial Life Planner I offer you a partnership to assist you accumulate and manage your financial assets.
It is not what money is ....but what money can do for you that is important!
My emphasis lies in tying your wealth to a much larger life-planning picture, to be more relevant in helping you reach your life goals.
I work with my clients to help them understand the financial implications of the life decisions that they make.
TOGETHER we build a personal financial plan to reach the goals they have set.

IF THIS IS THE KIND OF FINANCIAL ADVISOR THAT YOU WOULD LIKE TO WORK WITH, I AM AVAILABLE TO HELP YOU.

Interested? Then please call or email me NOW!! Cell: 083 377 8893

Don't leave your concern here. Call me for advice - no obligation!

Especially if you are considering Switching Life Insurance.

pyburn@peterpyburn.co.za