ANALYSIS OF INSURANCE PORTFOLIOS

As a sportsman, analyzing your insurance portfolio is one of the most important things you could do for the following reasons:

Benefit

Old polices (over 5 years)

New age policies

Life cover

· Usually does NOT cover sports
· Should always get proof in writing

· Can stipulate that sport is covered

Disability cover

· Only protects against occupation
· Thus limits claims
· Disability claims reduces life cover
· Disability expires at age 50 or 55
· Disability cover is not protected against             extreme sports

· Protects against occupation and physical   impairment
· Disability cover available as a stand        alone policy
· Cover expires at age 65 or 70
· Disability is protected against extreme     sports

Disease cover

· Usually expires at age 65
· Not comprehensive cover
· Can only claim once
· Reduces life cover

· Cover is for whole of life
· Fully comprehensive cover
· Multiple claims
· Wont reduce life cover

Income Insurance

· Not protected against extreme sports

· Can get protection against extreme        sports

Premiums

· Mixture of investment and risk
· Premiums work out more expensive

· Risk only premium
· Because premiums only have risk            portion, they are cheaper

Surrender Values

· Older polices have cash free surrender values

· New age policies will never have               surrender values


Life Company

Old/ Traditional Policy

New Age Policy

Old Mutual

Flexi Universal

Greenlight

Discovery Life

N/A

The Discovery Life Plan

Sanlam

The One Policy for Life Cover

Matrix

Liberty Life

Universal Lifestyle, Penta Plus, GRL

Lifestyle Protector

Momentum Life

Crescendo

Myriad

For more information on policies, please click here to read fascinating articles from Best Car Insurance Quotes.

Extreme Insurance will analyze your insurance portfolio for no charge.

Get a summary of exactly how much you are paying and what your benefits are.
Get confirmation in writing from your insurance companies, stating exactly what sports you are covered, and          not covered for.
Get up to 5 comparisons with new age insurance quotes.

To get your insurance analyzed please email Joshua@extremeinsurance.co.za and we will get back to you with in 48 hours with a free report