What is the premium?
It’s your monthly policy payment to the Insurance
Company.
The premium you pay is the total cost of the Insurance for
the period of the cover, split into monthly payments.
Some policies have a guaranteed premium,
in which case the amount you pay remains fixed throughout the term of
the insurance. Others have reviewable premiums, where the amount you pay
may change.
Other relevant questions…
How much will it be?
Is it best to have guaranteed or reviewable premiums?
Will my premium payments be the price I was quoted?
Is Life Insurance for me?
What else do I need to know about Life Insurance?
How do I get a Life Insurance Quote?
How do I choose the right policy for me?
What if I need cover to be arranged quickly?
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How are premiums calculated?
What if I have to make a claim?
Do I need Mortgage Life Insurance instead?
Should I consider Critical Illness cover?
What other sorts of Insurance should I think about?
How do I make a complaint?
What do I need to know about the law and Life Insurance?
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