Explain to me like i'm a child please :)
I have a big lump of life insurance, if i die my dependants get a bunch of cash, simples, it's enough to cover anything I might owe and leave enough to support for family for a good while. So I think i'm fine. (death only, not ill)
My wife has a policy in the UK linked to our mortgage value, so a sliding scale type thing, importantly it includes critical illness cover which pays off the mortgage in case of certain critical illness.
She wants a similar thing here (we're trying to close down all of our UK stuff).. Does it exist at all - critical illness concept?
Looking at comparis, I can see a sliding scale life cover - no critical illness though. But a couple of bits i don't understand there. (even after seeing the more info)
"Premium cash value CHF" -- What's the point of this? Do you get this value at the end if you don't claim or if you cancel the policy or something? Or it's just FYI.
Why is the "duration of premium payment" only 10 years? What after that? You start again if you're still alive?
Explain it like I'm five please :)
I have a big lump of life insurance, if i die my dependants get a bunch of cash, simples, it's enough to cover anything I might owe and leave enough to support for family for a good while. So I think i'm fine. (death only, not ill)
My wife has a policy in the UK linked to our mortgage value, so a sliding scale type thing, importantly it includes critical illness cover which pays off the mortgage in case of certain critical illness.
She wants a similar thing here (we're trying to close down all of our UK stuff).. Does it exist at all - critical illness concept?
Looking at comparis, I can see a sliding scale life cover - no critical illness though. But a couple of bits i don't understand there. (even after seeing the more info)
"Premium cash value CHF" -- What's the point of this? Do you get this value at the end if you don't claim or if you cancel the policy or something? Or it's just FYI.
Why is the "duration of premium payment" only 10 years? What after that? You start again if you're still alive?
Explain it like I'm five please :)