Share Classes – A Review by Richard Cayne of Meyer International Ltd Bangkok Thailand
March 28, 2022
Estate Planning A Review by Richard Cayne of Meyer International Ltd
April 20, 2022

Should I buy insurance through a broker or go Direct?

A Review by Richard Cayne of Meyer International Ltd Thailand

Even if it doesn’t payout directly, insurance is a very crucial investment.

Whether it’s for your health, home or business, insurance coverage provides us all with a certain peace of mind. The protection of these valuable assets, however, shouldn’t mean that you don’t take extra care when choosing and purchasing your insurance plan.

Regardless of what type of insurance you seek, you immediately have one of two options. You can choose to go through a broker or you can buy your protection directly from an insurance provider. Both options come with their own set of pros and cons that need to be evaluated, especially when considering the type of coverage you require.

Insurance directly from provider

Many people feel that going directly through an insurance company is the best option for receiving coverage.

Because you’ve cut out a third party (the broker) it may feel, on the surface, like you’re getting a better deal. However, this isn’t always the case. An insurance company saves a lot of money on commission fees. Because they are not paying an intermediary, they can make more money while providing less service.

You will have to do serious due diligence on what each company has to offer and what their various policies entail.

And oftentimes, therein lies the problem.

Do you really want to go through the hassle of reviewing every last detail? Are you informed enough to be able to say for certain that you know exactly which option is best for you? Or would you prefer to have someone else do the leg work for you at zero cost?

It also bears noting that you may not receive the personal service you’d like if you deal directly with the company, particularly in times of serious strife.

While insurance is designed to cover your losses in the event of an emergency, the sad reality is that when disaster strikes, the insurance company will likely be less concerned about your loss, grief and pain and far more interested in minimizing their pay-outs.

Insurance through a broker

Of course, getting insurance through the assistance of a broker may add to the overall cost of your insurance plan, but the benefits having the expertise of a professional at your disposal on which insurance plan best suits you is a huge advantage.

In order for your broker to assess the right policy for you, be sure to ask about options and costs. A transparent and straightforward consultation is paramount and it should involve a discussion about all the different options available to you and an in-depth examination of your risks and needs.

Naturally, going directly through an insurance company for small claims and simple procedures can be extremely useful, as it is designed to be. However, should disaster strike, such as death or serious destruction, having a broker working on your behalf provides an extremely useful advantage.

A broker can often expedite the process in a much smoother fashion, as they oftentimes have a previously established professional relationship with the insurance provider.

If you are filing a pay-out for a life insurance policy or find yourself in a situation where you are physically disabled, brokers can be the number one tool at your disposal if you are unable to deal with (either physically or emotionally) the bureaucracy of the insurance companies.

“While it may seem like going directly through your insurance provider is the most advantageous route when purchasing coverage, making sure you choose the proper plan and dealing with major insurance claims at the most inopportune times can be a major hassle that becomes much easier with a broker on your team”, explains Richard Meyer Cayne of Meyer International.

When making important decisions about the future of you and your family, it’s imperative that you consult with a trusted financial expert like Richard Cayne, He’s spent years figuring out how to help people fulfil their insurance needs at very little to no extra cost.

Richard Meyer Cayne

Richard Meyer Cayne of Asia Wealth Group Holdings, the Meyer Group, Meyer Asset Management and Meyer International Ltd has been involved in wealth management planning for decades. Originally born in Montreal Quebec, Canada, he later relocated to Tokyo, Japan for over 15 years and now resides in Bangkok, Thailand. While he runs the Meyer Group and serves as the high credibility CEO of Asia Wealth Group Holdings Ltd, a London, UK Stock Exchange-listed Financial Holdings Company, as well as the Managing Director of the Meyer Group of Companies and has additionally been the managing director of multiple organizations that specialize in helping high net worth individuals with succession planning .

Having worked with clients all over the globe with everything from portfolios to bonds to mutual funds to offshore investing to investing in retirement for your golden years, Richard Cayne of Meyer International can help you invest the right way and protect your cash. Richard has been a financial advisor involved in wealth management planning solutions and asset management in Asia for over 25 years and while living in Tokyo, Japan, he assisted many high net-worth Japanese families create innovative international tax and wealth management planning solutions. The financial holding public company of which he is CEO can be seen at Asia Wealth Group Holdings Ltd or the stock exchange link:

Asia Wealth Group Holdings Ltd – Richard Cayne Thailand. Meyer Asset Management Ltd has been in the wealth management space since March 2000 and uses fundamental analysis along with modern portfolio theory.

His image worldwide as a professional advisor has been sterling and he maintains a firm command and understanding of all things finance-related.

Comments are closed.