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Always remember that you should never take your premium for granted or take a chance on keeping your life insurance unchanged for years! This could prove to be detrimental, being insured for too little and perhaps not keeping your cover in line with your lifestyle.
There are rather a lot of factors that you will have to keep in mind, such as:
- Your own life stages – first job, marriage, buying your own home and cars and having children
- Your own health condition
- Your and your spouse’s salary increases over time
- Your debts and financial commitments
- The economic and financial environment – high inflation rate etc
You will also have to consider the following aspects when purchasing life insurance:
- Whether it is the most competitive premium offered
- If the premium is guaranteed or not, and if so, for how many years
- Will there perhaps be unlimited premium increases that will be effected in the future
- If the premiums will increase with the age of the life assured
- What the exclusions are with regards to pre-existing health conditions and suicide
Benefits of 1Lifedirect?
What does 1Lifedirect offer?
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