Mavericks Who Convert Mountains Into Molehills In Insurance
Every individual is born equal. They must receive equal rights and opportunities. Most of you would like to believe that life is fair. The constitutions of many countries provide documentary evidence that governs human rights. This provides a guiding framework for the rulers of countries to treat every citizen equally and fairly. However, this is still work in progress. There are many miles to traverse before every individual remains assured of receiving fair and just treatment. To err is human. We can use this maxim for explaining flaws in systems and processes. However, has it ever occurred to you that life is not always fair either? Some people strive greatly to achieve certain levels of success. Yet, despite their best efforts, success continues to elude them. In comparison, other individuals don t seem to exert themselves too much. Despite this, they continue achieving the desired results almost by default.
In a similar way, consider a situation where you play an important role i.e. the role of an adjudicator. Two groups of people seek your assistance in resolving a conflict. On the one hand, you have people who are strong and mighty. The other side comprises of weak and deficient people. You have the authority to provide assistance to any one of the two sides. However, you also need to take an objective and impartial decision. Given this situation, which side would you offer assistance to? For reasons of parity, you would tend to support the weaker side. In the domain of life insurance however, the answers are seldom so easy to obtain.
is a contract between the insured and the insurer. Under the terms of this contract, the insurer pays the beneficiaries of the insured a death benefit on the death of the insured. In return, the insurer continues to pay premiums regularly. This definition gives us reason to believe that all individuals merit insurance. In other words, all individuals are insurable, even if the risks associated with them might vary. In order to distinguish between high-risk and low-risk individuals, the insurer can charge a higher premium from the high-risk people. This should be a fair bargain. However, it might surprise you to know that insurers classify many individuals as being uninsurable. This is usually because these individuals suffer from some medical conditions that are lifelong burdens. Since no treatment can eradicate the ailments completely, the risks increase with time. The irony is that such individuals need life insurance more than regular folks do. Yet, their high-risk profile makes them susceptible to constant rejections when they apply for life insurance. One of the most common covers sought by people is overweight life insurance.
The National Survey of Mental Health and Wellbeing (SMHWB) conducted a survey in 2007. It emerged with findings that:
About 7.3 million Australians would experience a common mental disorder during their lifetime i.e. depression, anxiety or a substance use disorder
This number comprises of 45% of Australia s population between the ages of 16 to 85
Three million of these 7.3 million Australians would experience the symptoms of a mental disorder annually
These three million would represent about 20% of the Australian population
Not all of these people would require mental illness life insurance. Only a few would need the security offered by a mental illness life insurance policy.
Special Risk Managers helps people suffering from serious medical conditions find insurance cover. Some of the types of insurance we provide include:
Stent life insurance
Overweight life insurance
Sleep apnea life insurance
Pancreas life insurance
Murmur life insurance
We have an exclusive tie-up with an international reinsurance company that enables us to insure uninsurable people. We also provide cover to those suffering from mental disorders like depression. People suffering from alcohol or drug abuse have also found insurance protection through our expertise.
Special Risk Managers
aspires to be a pioneer that blends professionalism with excellent services. Our reputation in the market makes us proud of our achievements. Yet, we derive greater pleasure when our clients leave our offices, satisfied. For their satisfaction represents the end of their insecurity about their medical condition. It also denotes the assurance provided by their newfound life insurance cover.
Angus Leonard writes articles about
. For more information about the services offered, visit Special Risk Managers website.