Insurance FAQ
Insurance FAQ
Q. How do I know if I have enough Life Assurance cover? |
| A. To assess the amount of cover you need consider the following: . The amount of annual income needed for survivors . Current debt held by you which needs to be paid . College/Education expenses . Funeral and burial expenses |
Q. Can I cancel my Life Assurance policy at any time? |
| A. Yes, but you will no longer be insured by the polcy. There is no 'cash in' value for the policy. |
Q. Would my premiums for Life Assurance be fixed for the term period? |
| A. It depends on whether you have a 'guarantee premium' or a 'renewable premium'. Guarantee premiums are set for the life of the plan but will probably be more expensive than Renewable premiums, initially. |