Life & Income
Income protection is the cover most people skip and most need
Insuring possessions is instinctive; insuring the income that buys them is not. The arithmetic points the other way.
Femi Adeyemi
Claims writer, Insured and Ready
Femi writes about the claims process and what a declined claim usually turns on.
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14 articles
Travel
Airline failure is a different risk from travel insurance
When a carrier or tour operator collapses, the protection that helps you is usually a licensing scheme or a payment card right, not…
Travel
Medical screening: how the questions actually work
The online health declaration is an underwriting interview compressed into a few dropdowns, and each answer narrows or widens your…
Travel
Repatriation is a medical decision, and it is not yours
The most expensive benefit in travel insurance is also the one where the policyholder has the least control over what happens.
Travel
Government travel advice can switch your policy off overnight
Many travel policies tie cover to official advice about a destination, which means a decision made in a capital city can invalidate…
Life & Income
Guaranteed premiums cost more now and less later
The choice between guaranteed and reviewable pricing on protection cover is a bet about your own future, and one side of it is far…
Life & Income
A medical exam can lower your life premium
Protection underwriting rewards evidence. Providing more information often produces better terms than withholding it, which is the…
Life & Income
Smoker status is a question with a long memory
Protection premiums for smokers can be a large multiple of non-smoker rates, and insurers define the term more widely and test more…
Life & Income
Death-in-service cover ends the day the job does
Employer life cover is valuable, substantial and entirely conditional on employment continuing, which is not how most people treat…
Life & Income
Guaranteed acceptance plans: what you give up for no questions
Over-50s plans that ask no health questions solve a real problem for some people and are poor value for many others, and the…
Life & Income
Whole of life is a promise with a bill that never stops
Term cover usually expires without paying. Whole of life is designed to pay eventually, and the pricing reflects that certainty.
Life & Income
The deferred period is the biggest price lever in income protection
How long you wait before the benefit starts changes the premium more than almost any other choice on the application.
Life & Income
Non-disclosure is discovered at the claim, not at the application
Protection policies are often issued after a handful of questions. The detailed investigation happens later, when somebody needs…
Life & Income
Terminal illness benefit pays before the policy ends, within limits
Most term policies will advance the death benefit on a terminal prognosis. The clause has conditions that surprise people at the…