My current policy is up for renewal at the end of August. I currently have a good level of cover - semi private room in a private hospital and good day to day expense cover. I am in my late 20s, healthy, very active, with no medical issues.
Over the following 12 months (from end of August) I hope to spend between 6 and 10 months abroad travelling (I will be purchasing travel insurance) When i return I'm likely to be changing career, possibly returning to college, but probably earning a lot less than currently.. i.e. I doubt I could afford to continue my current level of cover.
I'm looking for advice on whether I should:
1. renew my current cover, paying monthly whilst i can afford it and cancel if i need to
2. cancel the current cover and resume when i return and am sure of my circumstances
3. Drop to a much lower level of cover until I am sure of my circumstances (I have asked to drop the day to day cover from my current plan but the reduction is insignificant)
Thanks in advance
Over the following 12 months (from end of August) I hope to spend between 6 and 10 months abroad travelling (I will be purchasing travel insurance) When i return I'm likely to be changing career, possibly returning to college, but probably earning a lot less than currently.. i.e. I doubt I could afford to continue my current level of cover.
I'm looking for advice on whether I should:
1. renew my current cover, paying monthly whilst i can afford it and cancel if i need to
2. cancel the current cover and resume when i return and am sure of my circumstances
3. Drop to a much lower level of cover until I am sure of my circumstances (I have asked to drop the day to day cover from my current plan but the reduction is insignificant)
Thanks in advance