About life insurance
- What is life insurance?
- Why do I need life insurance?
- What is level term life insurance?
- What is decreasing term life insurance?
- What is terminal illness cover?
- What is critical illness cover?
- What is serious illness cover?
- What are guaranteed premiums?
Choosing your life insurance
- How much life insurance do I need?
- How long should I take life insurance for?
- Which life insurance provider should I choose?
- What are the next steps?
Life insurance extras
- What does putting a policy in trust mean?
- I have life insurance through my employer - is that enough?
- Can life cover be increased at a later date?
What are guaranteed premiums?
With Life Insurance there are two different types of premiums - guaranteed and reviewable. All the policies we provide are guaranteed premiums; this means that the premium that you pay will always stay the same for the term of your policy.
What are the benefits of guaranteed premiums?
Even if you to become seriously ill after your policy had started or your new job was very hazardous, you will not have to tell the insurer and they will not increase the premium.
Reviewable premiums are offered by some insurers, this means that the insurer will review your policy every few years depending on the terms and conditions and you will need to go through Medical Underwriting to make sure that your health or lifestyle hasn't changed since your original application.
The premiums normally increase as you get older and your cover can also decrease over time.
Still not sure?
You can ask one of our life insurance experts a question directly - we'll try to answer it as quickly as we can, and if it's a really good one, we may even feature it on our website!
Got another question? Ask a life insurance expert!
If you can't find what you're looking for on our site you can ask us a question here or talk to us over the phone by calling 0800 524 4153 and we'll be happy to answer all your questions on life insurance.