One of the criticisms of insurance is rising premiums; but there are ways to avoid these. Premier Choice Group (PCG), the specialist health and wellbeing intermediary shares some top tips as to how consumers (and their advisers) can trim down rising prices.
1. Get the policy at its best premium by starting early. Don't wait until next year as you will be older and may well have developed medical issues which affects the premium. 2. Go for the highest level of cover you need and can afford and take out the policy on a guaranteed premium basis as the price will remain the same for the duration of the contract. 3. Indexation is highly recommended to keep the benefit level at least abreast with inflation, but only the increased level of cover will attract an increase in premium. 4. If an indexed policy gets to a level with which you are ...
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