There is nothing quite like a new relationship. The happiness and the heartache. The joy of a single SMS, the hours you spend talking on the phone, your first kiss and even your first fight. Why are we talking about dating on an insurance blog? Well, as unromantic as it might sound, the ground rules for a new romantic relationship are the same as those you should apply to a relationship with a new life insurance company. Intrigued? Read on to find out why.
Honesty really is the best policyYou don’t really like long walks on the beach or picnics in the park do you? Being honest about who you are and your likes and dislikes will lay the groundwork for a long and healthy relationship.
In life insurance as in love. When you request an insurance quote from 1Life remember to be scrupulously honest when you answer any questions put to you by our agents. You will be asked questions about your personal health and lifestyle, your medical history and your family’s medical history. If you withhold any information your family’s claims might be reduced or even rejected.
The same advice applies to the Continuity of Cover clause in your contract with 1Life. The clause stipulates that 1Life has the right to review and possibly make changes to your policy terms and conditions, benefits and premiums if you:
- Change occupation
- Start smoking
- Leave the country for more than 14 days
- Take up or increase your participation in a hazardous pursuit, for example high-speed motor racing
As a policyholder the onus is on you to inform 1Life of any of the above or any claims you or your family make might be reduced or rejected.
Getting to know you wellGetting to know your partner is crucial if you want your relationship to survive and flourish. If he likes to spend his weekend fossil hunting or if she likes to spend her weekend drag racing you need to find out about it as early in the relationship as possible.
In the same vein, you need to get to know your insurance policy to avoid any nasty surprises. As a 1Life policyholder you will be issued with a Policy Schedule and a Policy Book. Read these documents carefully, ensure that all the information in both documents is correct and contact us if you have any questions. Take special note of:
- The policy’s terms and conditions
- Your premiums and premium increases
- Policy exclusions
- Your benefit schedule
- Underwriting declarations
In love or in life insurance we wish you many happy years together!