I took out a modest 20-year life insurance policy 20 years ago. It insured me for equivalent of €35,000 for premium of about €80 pa.
This is now expiring and the company has offered to convert it into a 'whole of life' policy for the same amount with no quibbles, no medical checks etc etc. My initial reaction was to do this but the premium is about €730 per annum. Im now wondering whether this is worth it or whether I should let it lapse. Comments appreciated
This is now expiring and the company has offered to convert it into a 'whole of life' policy for the same amount with no quibbles, no medical checks etc etc. My initial reaction was to do this but the premium is about €730 per annum. Im now wondering whether this is worth it or whether I should let it lapse. Comments appreciated