Covid-19 and the potential impact on Risk Cover
“Life insurance is the gift of financial protection for our loved ones.”
- Dr Wendyliza Sarcia Paz, a Filipino GP based in Dubai
The above statement, especially from a doctor, has never been more true than it is now. Our lives have all been turned upside down based on the current Covid-19 pandemic. We have all experienced life as never before during lockdown and the health and financial impact of this pandemic will change our lives forever…
Your Risk cover and your benefits are needed now more than ever and at PBA Financial Services we have solutions for both the financial impact of Covid-19 and the need for the most comprehensive and cost effective cover available in the industry.
There ARE solutions! So, if you have any concerns now is the time to contact us and we will assist you as we have done for many of our clients through these last 100 plus days.
Based on the Covid-19 pandemic and the obvious losses in Europe, the South African risk partners are more cautious in offering cover especially to clients older than 60 and those who have comorbidities. They are getting stricter in terms of offering cover and because of this we are seeing more exclusions, loadings and in some cases declines that would never have been the case prior to Covid-19.
Many of us delay in finalising cover or ensuring that all our personal and business needs are met. We often hear “I meant to cover my parents”, “I meant to finalise my business insurance”, “I should have increased my dread disease or life cover”. Don’t let it be too late! Now is the time to ensure you have the most comprehensive cover in place that will cover your needs and look after your family and meet your budget.
Besides Covid-19, normal life still happens as do freak accidents, dread diseases are still diagnosed and disabilities are still here to stay. We still lose loved ones sadly and now with the extra burden of the pandemic, review your cover and do everything in your power to hold onto this cover so you ensure that you give the gift of financial protection to your loved ones.
Contact one of our advisors for more information.
Phone: 011 803 9686