Personal Insurance

Critical illness cover pays a lump sum on the diagnosis of life-changing conditions such as heart attack, stroke, or cancer. Additional benefits can also be included, such as daily cash during a hospital stay or cover for permanent total disability.

Some insurers offer critical illness cover only as part of a life assurance policy, while others provide it as a stand-alone option. In either case, discussing your needs with a qualified adviser is essential to determine the most suitable arrangement.

Critical Illness Cover

This type of insurance is often overlooked but can be vital within a comprehensive financial plan. It provides an income stream if the insured person becomes unable to work due to accident or illness.

Consider the effect of suddenly losing your entire income while still facing 15 or 20 years of mortgage payments or school fees. In most cases, the result would be the collapse of long-term financial plans.

Think of the family breadwinner as a machine that generates a fixed annual income. If you owned such a machine, would you insure it? Of course. Insuring the income of a breadwinner works on exactly the same principle.

Income Replacement Insurance

Many expatriate employment packages include quality medical insurance for the employee and immediate family members. This provides peace of mind that serious medical costs will be covered if the unexpected happens.
However, increasingly there are cases where adequate cover is not provided. In these situations, I can advise on a range of options to ensure the right protection is in place.

Some clients require comprehensive cover, including everyday doctor visits. Others may prefer a policy that only protects against major medical events such as heart attacks or strokes. Without adequate insurance, a sudden serious illness abroad could erase years of careful savings and investment.

Every individual’s needs are different, so it is important to explore which type of cover is most appropriate for you.

Medical Insurance Cover

The need for life assurance will naturally depend on individual circumstances. As a general rule, however, it becomes essential where there are dependents. Spouses, children, and even parents may face severe financial strain in the event of the death of the family’s main earner.

Specific protection can be arranged to cover a mortgage, university fees, or to provide an income for dependants.
The two main types of life insurance are Term Assurance and Whole of Life cover. I can explain how these policies work and advise on which type would be most suitable for your situation.

Life Assurance

There are 4 basic types of personal insurances that we believe should be considered by every expatriate and international investor:

Cover yourself, to protect your family

One of the fundamental rules of sound financial planning is to protect what you already have. In fact, this step should usually come before beginning any type of savings or investment for the future.

There are four basic types of personal insurance that every expatriate and international investor should carefully consider.