Needs Matched Life Assurance

The ability to ‘re-engineer’ cover and price each need appropriately, results in significant premium savings of 40% compared to traditional life assurance cover of another life assurer. Not only that, but the chance a claim will be paid on lesser severity events is far greater – realizing an instant return on your premium.

Within the past 5 years, innovative assures have moved away from the traditional pricing model and have been able to reduce premiums paid up to 40% or in for the same premium increase the cover amount by up to 60%. When translating these savings you will have an optimized life portfolio, with more cash in your pocket for the same level of cover.

Although reducing premium is important, one should not be sacrificing on benefits and how claims are assessed and paid. The differentiating ‘fine print’ of policy documents that no one warns you to read is now accessible and easily understood.

At Infinite, we have considered and studied policy documentation to understand what is actually covered and what is not. What will be paid and what won’t. It is only at claim stage that a client of an assurer will really know whether his or her claim will be paid. There are many clauses that assist an assurer from declining to pay a claim. As such, in our risk based approach, we have undertaken to consider specific life companies that provide the least cost per benefit, the greatest cover spectrum, and the transparency of when a claim will not be paid.

At Infinite, we have considered and studied policy documentation to understand what is actually covered and what is not. What will be paid and what won’t. It is only at claim stage that a client of an assurer will really know whether his or her claim will be paid. There are many clauses that assist an assurer from declining to pay a claim. As such, in our risk based approach, we have undertaken to consider specific life companies that provide the least cost per benefit, the greatest cover spectrum, and the transparency of when a claim will not be paid.

The Infinite Risk Approach

Infinite takes a risk based approach to one’s insurance and assurance needs. This view matches an insurance or assurance carrier that precisely tracks the changing shape of our clients’ needs over time. This cover structure delivers an average of 40% more cover today, and sustainable cover for life. Read more here on the importance of matching your needs to your assurance purchase.

Infinite endeavors that claims criteria should be objective, and comprehensive. They should relate and offer an illness and injury focus, with defined medical definitions and an independently assessed own-occupation underpin to increase the chances of a valid claim. A lack of definitions transparently disclosure is also a major concern and re flag for which we point out. We suggest that clients have upfront definition disclosures. In this way the Infinite client has greater protection and certainty when it comes time to claim. When it comes to claims definitions of an insurer, we make sure that you enjoy the peace of mind of an insurer whereby the likelihood of a claim being paid is greatest. In the attached schedule, Insurer A is the least risk when owing a form of life assurance that provides, life cover, disability and critical illness. When selecting Insurer B or C, claims payouts on specific conditions and broadly defined definitions present a future risk for non-payment.

On owing a life assurance policy, along with all the dread diseases and disability covers, you can now expect and rely on the greatest transparency in policy wordings, the highest level of benefit design and the most optimized premium structure.

Practice Areas

NEWSLETTER

Sign up to our newsletter