Insurance Archives -

Do I need a haircut?

“Do I need a haircut?” is not a question one normally asks a barber. Of course the answer will be yes. Likewise, “do I need insurance?” is not a question one normally asks an insurance salesman, especially when his/her income is derived from the sale of product. Among the clients I meet there is traditionally …

Just a thumb-suck!

I guess there are times in life when a “thumb-suck” might be an appropriate answer but filling in an application for insurance is not one of them. Had 2 interesting cases recently which again highlight the importance of full disclosure when applying for any form of insurance. The first one emerged when we were reviewing …

The numbers dont lie…

Following on from my post last week about direct insurers being so much more expensive than normal insurance companies (even at full commission) I thought I would get a few quotes from them. I asked for R1million life cover for a 44 year old male, non-smoker, top income and health bracket and this is what …

1 Life direct – misleading advertising & so expensive!

Just saw the 1Lifedirect TV advert again this evening and it really gets my goat – their advert is so incrediblymisleading. It should come with a huge health warning similar to that on cigarette packets. They were offering a 44 year old male R1million life cover for just under R500 (if i remember correctly) and …

Sometimes cutting out the middleman just leaves a gaping hole!

I recently received a marketing offer from 1lifedirect to take out some life cover directly through them, thereby cutting out the paperwork, expensive medicals, the broker and therefore the commission. All of this, they promised, would save me up to 22% on the premiums. Having seen their rather funny TV adverts and being the curious …

The Financial Coach

Do I need a haircut?

Just a thumb-suck!

The numbers dont lie…

1 Life direct – misleading advertising & so expensive!

Sometimes cutting out the middleman just leaves a gaping hole!