Life Insurance Quotes – What are Guaranteed Premiums?

Video Duration: :46

The latest in our series of life insurance advice videos see’s Peter O’Grady answering the questions – What are guaranteed premiums and how do they compare to Reviewable Premiums?

Peter first takes a look at guaranteed premiums explaining that as part of a life insurance policy they mean that the premium is guaranteed not to change in the future. This is helpful for budgeting,  as you always know the amount you need to pay for your life insurance cover.

Some insures also offer reviewable premiums. Reviewable premiums can initially look cheaper but you will need to take into account that premiums are reviewed periodically may well increase. This could  possibly making it more expensive in the long run.

No related posts.