G
geegee
Guest
I currently have a “whole of life” life assurance policy and the premium is “guaranteed to sustain the benefits for 10 years assuming 4.8% net growth”. The policy is coming up to six years old. Is the premium likely to rise significantly on the tenth anniversary? I know growth rates have been low over the last six years.
Would I be better taking out a Term Assurance policy covering me up to age 65? I know that life rates have come down since 1999 but serious illness rates have gone up significantly (the policy has relatively high serious illness cover). It is dual life and/or double payout.
Any advice would be appreciated.
GG.
Would I be better taking out a Term Assurance policy covering me up to age 65? I know that life rates have come down since 1999 but serious illness rates have gone up significantly (the policy has relatively high serious illness cover). It is dual life and/or double payout.
Any advice would be appreciated.
GG.