Rich Snail » William Russell

Protection will be a priority in 2009

jacques — Tue, 13 Jan 2009 03:47:25 +0000

International demand for good healthcare, life insurance and income protection has been strong over the past few years as more multi-national companies relocate staff globally and increasingly affluent individuals retire younger to warmer climes.

This tend should strengthen in 2009 thanks to the global stock market corrections and dramas we experienced in 2008. One of the good thing from the current melt-down is it is getting people to think.

After trying to position their portfolio so as to weather the markets, and building up their emergency funds and cash reserve to prepare for a tough 2009, many will think hard about their personal finance situation, and will realize their protection needs.

At the same time advisers may also start pushing protection products more, as hedge funds and offshore investments platform may suffer from the Madoff effect. One thing for sure, William Russell will push them to:

The fear of global recession has made many expatriates and their advisers focus more on protection products than investments and we are seeing strong growth in demand for income protection plans as well as life insurance and international PMI.

While it is likely that some international businesses with expatriate employees will rationalise their operations, the market is huge and unlike domestic PMI provision, which has become commoditised, the scope for market growth and increased product penetration remains considerable.
James Cooper – William Russell Sales Director

I received a lot more email asking for advices and insurance portfolio review over the past few weeks than I used to in 2008. A good sign in my opinion as expatriates are starting to open their eyes and realize their needs.

Of course, feel free to contact me should you have any question…

William Russell November 08 Promotion

jacques — Thu, 20 Nov 2008 07:35:28 +0000

William Russell is running an interesting promotion this month. Should you apply for one of their Global Health Elite plans in November, you’ll get a travel insurance for free. The conditions are pretty straight forward and you can discover more on their website. The link is here.

Feel free to contact me should you wish to know more !

William Russell Goes Moratorium

jacques — Mon, 15 Sep 2008 15:49:32 +0000

As of 1st of September 2008, William Russell introduced a new moratorium option on their policies. In simple english, this means WR has swept away the need for new applicants to declare their previous medical history when filling their applications. Two thumbs up here.

First, it greatly simplify the application process process.

Second, it is great for applicants with pre-existing conditions. They will be able to enjoy a great insurance, and escape the hassle of having to provide their medical record. Sound great doesn’t it? And the best is still coming: should they remain healthy for two continuous years (and a WR client of course) then their pre-existing condition will be fully covered!

Don’t take my word for it, take William Russell’s one.

“Pre-existing conditions become eligible for cover when the member has had a continuous two year period of cover during which there have been no symptoms, and no treatment or check-ups have been necessary. ”

“If it is generally accepted medical advice that one should attend a regular medical consultation or check-up, or take drugs, or follow a special diet, then that medical condition will be permanently excluded, together with any related conditions. This will include conditions such as diabetes, raised blood pressure, raised cholesterol levels, heart disease, some forms of cancer, and other conditions where regular monitoring is advisable.”

James Cooper
Sales Director, William Russell

Only tiny little draw-back, applicants who chose the moratorium approach will pay a 4% premium. Very worthwhile IMHO.