

“Find out what is the minimum investment are for various investment products. Responding to the view that investing is only for the wealthy, Neil encouraged persons of limited means to start small. In the case of a personal accident, such a plan could pay up to $25,000 per week for up to one year.

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Walker said the Credit Union Gold series was “extremely reasonable” and offers coverage for health, life and personal accident. He also urged clients to disclose any preconditioning conditions to avoid problems with their claims.ĭifferent types of life insurance policies include those individuals, families, business partners or key persons in a business to pay off loans from financial institutions or for educational purposes. “We will make sure that the claim is a just claim, and if the insurer refuses to pay the claim we will do everything possible to ensure that the claim is paid and that the client gets what the client deserves”, Walker stated. Responding to the view that purchasing international health insurance involves hidden clauses not easily understood by clients, Walker advised clients that they will have a quality broker to advocate on their behalf. And a reminder that “some Sterling clients use the interest payments from their investments to pay their insurance premiums,” was offered by AVP Neil, alongside the option to “borrow against investments if an emergency arises.” Neita-Elliott added that some financing companies assist clients with funding their annual premiums. He said, for example, premiums for a person under 20 years old range from US$300 to US$900 per annum, while for older persons, there are plans with premiums of more than US$15000 for persons over age 70.ĭwayne Neil, Assistant Vice-President, Personal Financial Planning, Sterling Asset Management. Walker said the premiums for health insurance plans depend on the age of the insured person and the particular plan. Moderated by Toni-Ann Neita-Elliott, Vice-President, Sales & Marketing at Sterling Asset Management, the webinar, held under the theme: "Insurance & Investing Are A Waste Of Time" - was aimed at debunking common myths associated with insurance and investments. “If you cannot afford health insurance, then you cannot afford to get ill”, Walker stated. Speaking at a recent webinar hosted by Sterling Asset Management n Tuesday, Raymond Walker, Board Chairman & CEO of Caribbean Assurance Brokers, dismissed the view that international health insurance is for wealthy Jamaicans. Jamaicans are being encouraged to secure adequate insurance and investments for themselves, their families and businesses to deal with any unforeseen eventualities which may prove very costly.
