When to supplement your insurance portfolio
Port of Spain, Trinidad—Insurance is only thought about during a crisis, whether a car accident, a health issue or a fire, and by then it’s too late. So, when is the best time to think about and purchase insurance, to protect all areas and stages of your life and that of your family?
According to Jacinto Martinez, Vice President, Sales and Marketing, Sagicor Life Inc, now is always the best time. Martinez said, “We never know what the future holds, but you know where you want to go and who you want to be.”
Sagicor advisor Camille Sinanan, a unit manager in the Ralph Coutain branch, agrees. She said, “We all know these sayings: there’s no better time like the present; don’t put off for tomorrow what you can do today. These are very applicable, since today is all we have to prove that we are still insurable.
“Remember that insurance is purchased with health and paid for in dollars. You can have all the money in the world, but it is important to also preserve your health as that is also an important factor when considering insurance. And because you can only guarantee your health today, now is the time to protect yourself and your family from life’s unexpected moments.”
She continued, “When you receive a salary increase because of a promotion or by changing jobs, it’s easy to direct those funds towards fun expenses. However, it’s usually recommended that you pay off high-interest debt first, ensuring that your family is well taken care of, if something untoward may occur should be right up there. Insurance should always be part of your financial road map for you and your family.”
Jacinto Martinez, Vice President, Sales and Marketing, Sagicor Life Inc
Sagicor advisor Camille Sinanan, a unit manager in the Ralph Coutain branch