Got questions about insurance? swissglobal can help!
If someone asked you to pay a dollar every month just so you'd get a thousand if you crash your car, you wouldn't hesitate. If someone asked for a dirham a month just to make sure you'd get free healthcare the entire year, you'd probably say yes.
But then you introduce the "I" word – insurance. And sometimes, clients feel they just don't need it. It's in fact really interesting that insurance isn't something that comes intuitively to clients. They immediately understand the need for long-term investments and short-term profit plays. But they often think that insurance can be put on the back burner. "It's never going to happen to me, is it?" they think.
Insurance isn't personal. It's mathematical. Insurance companies pool risk, and price in a premium. So say, if the stats say that 1 in 100 people from your cohort or age group will have an accident, be made redundant, be hospitalised or even pass on this year, the insurance company computes this probability. It designs its pools and premiums to take this into account. For them, it's business as usual.
So we'd suggest always opting for insurance. It's the best way of passing the risk from you, your family and your loved ones to insurance companies – who are designed to be able manage and afford it. And that's why we include insurance and robust cover for all sorts of eventualities it in all the financial roadmaps and strategies we design for you. We don't ever want bad things to happen. But we also want to make sure you're 100% prepared in case – just in case – they do.