My client is 42 and runs a consultancy in the oil industry. As a result he has to travel extensively, including contracts in dangerous and high disease risk countries such as Algeria, Sudan and Nigeria. He has already arranged international private medical insurance but is very concerned about protection cover, especially for his income. Budget is not a factor. What are his options?
Paul Edwards, Roxburgh Financial Management There are a small number of providers who do not rate or exclude Income Protection based on a client’s occupation. However, while budget is not an issue in this scenario, the majority of providers will probably simply decline cover rather than rate. We would generally therefore look to place this client’s protection with a provider we know has provided cover for clients of ours working in similar countries who will not worry about where in the world they are working and what they are doing there. We do not then have to worry about either r...
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