“Insurance companies never pay out!”
We’ve all heard the counter-argument when discussing cover against unforeseen circumstances 😴
However, according to one life company in 2021, 98% of all Life Protection Claims were paid.
…and for specified illness claims, 85% were paid out.
Similarly, 92% of income protection claims were paid out.
In this video we break down the latest insurance payout stats, and some common myths about insurance companies not paying out