23 February 2022
Get Your Finances Purring in the Year of the Tiger
The Year of the Tiger is a good time to sort out your financial plans for 2022. Read more
30th September 2021 - Private Wealth
It probably comes as no surprise that good health is a good thing when it comes to life insurance premiums. Obviously, you can’t do much about your medical history, but there are some factors that impact your premiums that you can control.
A stepped premium is recalculated each year based on your age at each policy anniversary. Generally, this means your premium will increase each year as you get older.
A level premium is calculated based on your age when any cover started and averaged out over a number of years. This means your cover, compared to ‘stepped premiums’, is more expensive at the beginning of your policy, but generally gets cheaper as your policy continues.
There are also a number of other factors that may influence your premium, so it’s important to talk to a professional before making any changes to your cover. If you’d like to review your cover for life insurance premiums reach out to your Elston adviser, they’re always happy to help.
If you would like more information please call 1300 ELSTON or contact us to speak to one of our advisers.
23 February 2022
The Year of the Tiger is a good time to sort out your financial plans for 2022. Read more