Insurance bloopers

Consumers are swamped in the negative and the rhetoric of everything being cheap. Insurance isn’t tangible and because of that can often be the first thing that gets cancelled. My mantra is that if you say you can’t afford the insurance, you can’t afford not to have it. When insurance is done right it is very powerful and in most outcomes at a time of need, life changing. I’ve seen people cancel it and regret it, I have someone who was about to cancel as they were fit and well then got a cancer diagnosis before it was cancelled - they received a life changing pay out. Consumers- please pick up the bill because, despite what you think, the State won’t pick up yours.

I once heard of a case at another firm where a client was arranging life assurance but didn’t want it to start until the following Monday. However, the adviser, insisted he started the policy immediately. Tragically, on Monday morning, the adviser received a call from the client’s wife — the client had died over the weekend. The adviser's insistence ended up saving the family financially.

Sadly, many people — even those with young children — delay or turn down life insurance. It’s often seen as an unnecessary cost, especially compared to things like car finance or streaming subscriptions. But people underestimate how fragile life can be. They assume curveballs only happen to others — until they don’t. And by then, it’s too late.