Protecting Your Family’s Financial Future with Scotia Insurance’s Solace Policy – Insights from Kerry-Ann Chong

Kerry-Ann Chong, director of sales service and channel delivery with Scotia Insurance, is on a mission to educate individuals about the importance of Life insurance and break down cultural stigmas surrounding the topic. In a recent interview, Chong highlighted the financial strain that families often face after the loss of a loved one, emphasizing the need for proper planning to protect loved ones from the burden of end-of-life expenses.

Chong pointed out that debts such as mortgage payments, loans, and funeral costs can create a significant financial burden for family members left behind. To address this issue, Scotia Insurance has introduced a new policy called Solace, specifically designed to provide a financial safety net for families dealing with final expenses.

Despite the benefits of having a final expense policy, Chong noted that many individuals are hesitant to purchase Life insurance due to a lack of knowledge and cultural beliefs. In Jamaica, there are cultural stigmas attached to purchasing Life insurance, with some people viewing it as an invitation to death or unnecessary. To combat these barriers, Chong emphasized the importance of educating individuals about the benefits and affordability of Life insurance policies.

Solace offers a straightforward solution to protect families from the financial burden of funeral arrangements and related expenses. With a fast turnaround time on claims and digital ease, the policy provides great value and convenience. Chong highlighted the affordability of the policy, with costs as low as $2,618.76 monthly for a woman aged 25 with a coverage of $1.5 million.

One of the key features of Solace is the guaranteed issue policy, which eliminates the need for medical exams or history for eligibility. The policy also includes an accidental death benefit, doubling the payout in the event of accidental death. With no hidden policy or administrative fees, Solace is a cost-effective option for individuals looking to provide for their final expenses.

Chong emphasized the ease of digital enrollment through Scotia Insurance’s platforms, making it accessible and convenient for everyone. She stressed that Life insurance provides peace of mind and is essential for safeguarding a family’s financial future. By addressing cultural stigmas and educating individuals about the benefits of Life insurance, Chong hopes to help more families protect themselves from financial strain during difficult times.