A Guide To Life Insurance - Getting The Best Value ....

 

Find Out More


  


Getting The Best Value...

Because of this long-term build-up, the with profit whole-life is most unsuitable as a short-term proposition for the younger man.

Someone taking out such a policy under the age of 35 has got to be prepared to stick with it for at least 20 years to reap the rewards.

The higher the age when taking out the policy, however, the faster the build-up in the surrender value, and so in this case it is not so much of a problem. Nor is this type of policy suitable as a way of buying protection for the younger person. se http://www.thisismoney.co.uk/money/bills/article-1620931/Term-life-insurance-How-cheapest-quote.html

The rates of premium per £211,000 sum assured are so high relative to term assurance that very few young people will be able to afford an amount of cover sufficient for the responsibilities of the family years.

A solution often suggested to this problem for the younger person is the combination of term assurance and with profit whole-life insurance.

The advantage of the whole-life policy in this context is its flexibility.


2015 - Guide To Life Insurance - Find out more ....

Other readers found these pages interesting

 

Read On: click here for Ensuring Better Value From Your Life Assurance


The policy may be used as collateral to raise a loan; life insurance companies themselves will usually lend up to 85 - 90% of the surrender value to the policyholder, interest being paid only on the loan with the capital being repaid out of the maturity proceeds (or repayable earlier at the policyholder's option).
Or the policy may be made paid-up; this means that the policyholder stops paying premiums, and the company keeps the policy in force with a reduced sum assured (bonuses already........ see: click here for Ensuring Better Value From Your Life Assurance


Disclaimer

Our insurance website is an independent marketing website which acts as an introducer to 'whole of market' companies who offer specialist Independent Financial Advice. Each company is authorised and regulated by the Financial Services Authority.

 

We are not authorised to give advice and we are not liable for any financial advice provided by, or obtained through a third party. The information published on this website is for information purposes only. This site has been approved for compliance purposes by a Firm of Independent Financial Advisors who are authorised and regulated by the Financial Services Authority (FSA). The Chartered Insurance Institute

Giving power to the reader...

  • To contact us, send an email and we will get back to you as soon as we are able. If you are looking for independent life insurance quotations then click here. If you are looking for any of the folliowing: Car insurance
    Bike insurance, Travel insurance, Home insurance, Life insurance, Landlord insurance, Pet insurance, Medical insurance, Dental insurance, Business insurance please click here

  • Have something to say?
    We publish financial articles on this site if they fulfil our requirments. more>>