8 Reasons why your life insurance policy might be ineffective and too costly:
- You may have taken out a very expensive and unsuitable policy through a financial institution.
- You used to be a smoker but are now a non-smoker.
- You had an interest-only mortgage but don’t anymore.
- The value that you had placed on your business was higher than it is now.
- You have paid a lump sum off your mortgage and reduced the outstanding balance.
- Your kids are now grown up and no longer rely on you for financial support.
- The level of Serious / Critical illness benefit might no longer be suitable or required.
- Did you effect a mortgage protection policy with the same financial institution that provided your mortgage without shopping around?”.
The purpose of a life assurance review is to ensure you:
- Have the most suitable policies to match your needs
- Save money
