Life Claims Video 2021

29.1 billion in death claims alone was paid out in 2021. This represents an increase of 70% compared to the previous 12 month period. Other insurers experienced a whopping 150% increase in the value of their death claims paid out. Why would this be? With so many taking the vaccine therapy over the past two years we've seen unprecedented change, which has meant that adapting and finding different ways of doing things has become our new normal more now than ever. During this time, many thousands of insurance clients were disappointed at the time of claim and as they discovered then that they were not covered for what they thought they were covered for, a massive letdown. But then 99% of people who buy any form of insurance simply do not read the fine print and if we are truthful, don't even understand the fine print. That will also include the person selling the insurance. My 30 year plus years in this industry has taught me that most do not really understand what cover they have in place through no fault of their own, mind you, but rather because we do not know much about anything outside our own scope of expertise. A specialist heart surgeon does not know about the lumbar spine and the L3 L4 disc degeneration and pain of the lower back. He would tell you, even though he knows anatomy thoroughly, that this is not in his field of expertise. Similarly, most financial planners know how to sell a product to both an informed and an uninformed client. However, very few really understand the nitty gritty of what they are selling. Allow me to share what happened to a very close friend and esteemed colleague of mine in the industry. Let's call him Adam to protect him. Adam was insured via one of the most innovative yet complex life insurers. He was also insured with a few other life insurers. Adam was a healthy middle aged man with access to sufficient money. He exercised regularly and was well acquainted with the point system of his medical aid provider. Then disaster struck when Adam experienced what is called an rvmi, a right ventricle myocardial infarction. The seriousness of this heart attack of the right ventricle was that Adam literally died and was brought back to life six times on the operating table. Here's the interesting part though. Three insurers paid him out in full, yet the most innovative insurer only paid half his claim. The reason for this, which they and their legal team later pointed out, was mentioned in the, you guessed it, the fine print. Unfathomably. Then came the discovery that even the consultants of the insurer did not know that only 50% of the specific heart attack was covered. Adam has been a top advisor in the industry for over 30 years. He's highly technical in his knowledge of the product he matches to his clients needs. You would think he matched a product to his own needs Wrong. Apparently he signed up for less than what he expected. Do you know the top 10 conditions that take the most lives and how they will be covered under your current policy of insurance? Will you take your broker's word when he says yes, of course that's covered. This exercise needs to be done by yourself. Alternatively, send it through to us and we will ascertain whether you are optimally covered for what you expect to be covered. If you are insured there is a high likelihood that you will claim, so best to know exactly what you are covered for. What is the solution? When you cover your risk exposures using the methodology and the principles of Needs Match Life Cover, which includes income protection, critical illness type cover, you will own exactly what you need and you will know that you have the highest probability of being paid compared to any traditional insurer in the market. Although more people recognize just how important life insurance has become, many of them now earn less than they did before the pandemic. This further highlights the need for efficient cover which allows you to cover as much of your needs as possible at an affordable rate. One of the main pillars of Needs Match product is providing clients with more certainty for a claim payout at the cost of being insured or the maximum amount of coverage for the budget set aside to protect yourself and your family. With our 90 years of accumulated knowledge in our practice alone, let me offer to read the fine print for you. It's part of what we excel in.