Skandia Life Insurance

Swedish-based insurance company Skandia was founded way back in 1855. It is one of the world leaders in providing solutions for long-standing investments and savings. Skandia offers a wide array of financial products and services and they have operations in Australia, Asia, Latin America, and Europe. This life insurance company’s largest operation (at least in terms of profit) is located in Southampton in the UK.

A Fresh Approach

What makes Skandia unique is that it takes a different approach in providing financial assistance for their customers. The company employs a strategy known as ‘Multi Manager.’ It is Skandia that pioneered this specific approach which has now become quite popular in the life insurance industry. The company recognizes the fact that all individuals have different goals; their investment options are therefore catered to these specific goals. Skandia ensures that they are able to provide their customers with options that are more practical, flexible, and accessible.

Skandia takes the profile of their customers and builds a robust investment plan based on and around these profiles. Instead of relying on hope, the company depends on a well thought of plan that is able to provide vital information to help keep their clients in control.

This investment company understands how the market has its ups and downs and that customers should not be punished financially because of circumstances that are beyond their control. This is why Skandia has a high regard for flexibility in order to provide their customers with options should their decisions in the past will not be as fruitful as they had initially expected.

Unbiased Advice

Skandia believes that the most important tool in achieving this end is by providing their customers with sound financial advice. They make it a point not only to provide reliable advice but more importantly, advice that is unbiased. This is why they choose to employ independent financial advisors that according to them, work for the customers and not for the company. These financial advisors serve as agents that act on the behalf of the customer by representing their interests.

Because of the fact that independent financial advisors do not have contractual ties with specific cover providers, users can be sure to receive financial advice that is neutral in all aspects. Skandia customers need not worry of receiving advice that suits only the needs of the company. Instead, these advisers are able to help their clients in the best way possible by providing them with a variety of viable options depending on their investment needs.

The Need for Coaching

Aside from presenting reliable advice, Skandia also gives high importance to coaching their clients. As mentioned earlier, the company does not believe in hoping for the best; instead they deem that it is better to plan for the best. This is also where the financial advisers come in. Skandia’s qualified advisers have received sufficient training in order to find the balance between long-term goals and short-term priorities. They are always on the lookout for new opportunities for the customers and translate their intangible goals into profitable investment solutions.