| At Wise
Financial Group Inc. we find that each case is unique as circumstances
differ for each individual and the medical history of all is case
sensitive. Without question there is only so much in the budget
to go towards insurance and this is a major issue in addressing
the needs fully. This means that there are times when we cannot
afford the best product for a specific requirement and one should
not commit greatly to any one type of insurance as this leaves some
priorities left uncovered. Work with an advisor that takes the time
to at least address the big picture and note advisors have an obligation
of doing this.
Prioritize when tackling the issues, and we recommend considering
living benefits first as the ratio of accident and sickness claims
versus death claims is 9 : 1. Work with the budget and spread
the coverage accordingly to fit the need. Review your insurance
program on a regular basis, usually every 3 years or when change
occurs. Keep pace with the times as products change for the good
and the bad, and be wary of clauses within contracts that make
the insurer boss and not you. Where possible look to associations
for protection, as they are normally not for profit and have the
best interests of their members at heart.
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