Beware of Insurance Traps

I often have people ask me about this insurance they have been offered by their bank - it is called accidental injury insurance or accidental death insurance. The premiums are often very low.

The problem is that these insurances only cover you when you are injured or die due to an accident. The truth is that most successful insurance claims come about through a medical illness rather than an injury from an accident.

There is no use paying insurance premiums for something that will only payout in very limited circumstances.

Personal insurance can be a minefield - seek advice from somebody who can compare what is available and what you need.

Remember, your ability to earn income is one of your most important assets - insure it properly.

Regards

Damian Ebzery B.Bus M.Bus AFPA ASA