Stephen, 25, lives at home with his parents in Esher, Surrey. He recently started his first job at a large London-based merchant bank and he is now considering taking out health insurance. He enjoys good living and regularly visits the pub after work. He also smokes about 20 cigarettes a day. Besides that, Stephen is currently taking flying lessons. However, he is in good health. What private medical insurance cover would you recommend?
Phil Taylor, Preferred Medical There are two elements of the recommendation that I can make before further discussion with the client. The first is that at the age of 25 there is little point considering anything other than a comprehensive plan, as the saving he would make by opting for a budget or mid-range scheme would be insufficient for the additional risk. Secondly, in view of his location I would recommend a policy covering provincial hospitals and the modestly priced hospitals in London, rather than considering a scheme covering the expensive central London ones. Having made those...
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