Golden Rock Solutions is an Independant advisory service. We help families and businesses protect in the event of illness, critical illness and passing away.
All the insurance companies are different; not in how they just charge for their solution, but the application process, the functionality of and features of the protection. Let alone the claim pay out process!
Guardian Insurance has looked at how the traditional joint life insurance cover works and is bringing a new option to the marketplace. The standard Joint Life insurance model would underwrite or insure both A & B of the couple. However, in the event of a claim there would be x1 claim made and payable. The important thing to note is the insurance would have been charging both A & B. This leaves the survivor with zero life insurance in place. (This then costs the survivor more money to re-instate more life insurance as they are older possibly with health changes?)
This made Guardian think if we give life insurance as a joint facility may be if should give to claims on both life A and B. A great new offering we think – however are the lifestyle, occupation and health impacts best to place all with Guardian? or split with x2 insurance companies?
For free independent advice on how to get more to protect you your family and or business please get in touch