premiums you pay for term assurance plans can be guaranteed not
to change during the full policy term or you can have reviewable
plans may only be guaranteed for 5 or 10 years after which time
premiums will be reviewed by the insurer and may well increase
or the sum assured decrease.
Term assurance, one may also select critical illness cover as
an additional benefit - please see critical
illness section for a rough guide.
may be taken out on a single life, joint life first death basis.
The maximum policy term for term assurance plans is to age 80
but different companies' terms vary and may be less.
aware that many policies are reviewable. This means that if the
overall claims experience of a company over their bank of policyholders,
are greater than expected they can increase the premiums across
the board to all policyholders. This means that companies can
try to buy business with low premiums, only to increase them in
later years. Because of this hazard the cheapest reviewable quote
may not prove to be such good value as a guaranteed quote.
minimum premium you can pay is typically about - £5.00 per