Mike and his wife, Sandy, are both 54-years old. Mike recently retired from his £100,000 job as a European sales executive of a large firm. They are now looking to relocate to Spain, where they have bought a villa. They are planning to stay for the foreseeable future but may move back home if in need of care. Both are in good health, but Mike's family does have a history of prostate cancer, although he has shown no signs of having the condition himself. They are looking to buy private medical insurance. What are their options?
ANDREW WILSON, Medibroker International Before advising Mike and Sandy on the 'best advice' products that would suit their needs, there are a number of areas that would need consideration before any recommendations can be made. The couple's attitude towards exposure to medical costs would have to be assessed. This includes what level of benefits they are happy with, for example whether to include outpatient care, and whether they would consider employing a higher excess or deductible in order to reduce costs. It can also protect against more financially substantial claims, if living on a ...
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