Article | 08.12.2020
Article | 08.12.2020

What has 2020 taught us about looking for health insurance & life insurance in 2021?

When it comes to selecting our health insurance and life insurance, it usually pays to shop around. That’s the thought process that most of us have because, realistically, we don’t want to spend a lot of money on something we may never use. We have to question though, is that the way we should continue to think about health insurance and life insurance moving into 2021?

If COVID-19 has taught us anything, it is that life is unpredictable and, when it comes to our health and our lives, preparing for the future and safeguarding ourselves financially is one of the only things that we can control during these situations. For example, did you know that medical evacuation and repatriation can be included in your policy?

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But, how can we know for sure that we are protected? Well, this is why shopping around isn’t the best idea anymore. Finding a quick and cheap insurance online leads to a lot of uncertainty. In fact, going directly to an insurance company may not even give you the answers that you are looking for, because they may not have the insurance solution that you or your family need.

Is an insurance broker the right answer?

If you haven’t considered an insurance broker before, now is the right time to do so. An insurance broker deals with a portfolio of insurance providers and products. So, if you aren’t satisfied with a product or you have a very unique case, a broker will have other options immediately available for you to choose from. This factors in options for deductibles, premiums, included benefits, additional benefits/add-on’s, exclusions, geographic coverage, etc.

A quality insurance broker knows the ins and outs of the products and handles the policy setup and administration based on your needs. Other services like claims handling, communication with the healthcare providers, organising your guarantees of payment, and renewals and revisions are also possible. See ASN’s insurance services here >>

Many insurance brokers will also operate on a commission basis with the insurance companies. This ensures that you aren’t spending anymore for your insurance than you need to, but still benefit from the expert consultation and administrative services provided by the broker. A level of support such as this is fundamental in getting the most out of an insurance product, so you know your money is invested wisely.

What about pandemic exclusions?

Now, what is more crucial is that many insurance providers will be adjusting their conditions in regard to global pandemics, as was seen during the 2003 SARS outbreak. An insurance broker will always be looking for products that deliver to the needs of a client. So, if you are specifically looking for a health or life insurance solution that will include cover during an epidemic/pandemic, you will have more luck contacting a broker straight away.

Can you find insurance online?

International health insurance and life insurance products vary and the online marketplace for insurance is often overcrowded and difficult to navigate. Getting beyond all of the different websites, landing pages and advertisements alone to find a solution, that maybe just begins to meet your needs, can take a long time and still leave you asking many questions.

An insurance broker takes the guesswork out of the equation and gives you immediate direction. It makes your life much easier and provides you with more confidence in the process. Having an expert that understands the language associated with insurance products, policies and the conditions of your cover, at no extra cost, is paramount. On top of it, you are guaranteed a much more personalised experience that leaves you feeling certain of your security in the future.

What is the best health insurance or life insurance?

The best health insurance or the best life insurance is the policy that is specifically tailored to your individual needs. There is no single health or life insurance product that exists that can service the needs of everyone. This is another reason not to go searching online for “the best health insurance” or “the best life insurance.”
Contact the experts >>

If you are in need of international health insurance or life insurance, the expert insurance consultants at ASN, Advisory Services Network AG, are always happy to answer any questions and provide quality consultation and quotes.

ASN, based in Zürich, has been operating as an international insurance broker company for over 25 years and has supplied insurance products and services to thousands of people all over the world, in English, German, French and Italian.


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