Guaranteed or Reviewable premiums?

 

When deciding upon your monthly insurance payments you have two options.

 

Guaranteed premiums offer the most security, as the premium charged for the cover will never change during the term of the policy, however they are the more expensive option initially.

 

Reviewable premiums are more affordable initially however premium levels are normally reviewed on a regular basis after the first five years and are likely to increase.

Disclosure of medical history

 

Full disclosure of any and all existing medical conditions and history is vital when arranging any form of insurance provision. Failure to disclose could result in denial of payment when an illness is diagnosed - just when that payment is needed most