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Life Insurance Questions

Q "If I opt for the pricier level term life cover and my sum assured is £100,000 what happens if make a claim 20 years later and - because of inflation - it's then worth more like £10,000?"
A "As a customer, you have a choice of 'index-linking' your sum assured. This will mean that your premiums will also rise each year in line with inflation or by an agreed fixed amount."

Q "Will I save money if I pay annually rather than monthly?"
A "This saving usually only applies to cover that is renewed every year, like car insurance. With ongoing life and critical illness cover a yearly payment will not provide a saving. It's more a matter of preference."

Q "What happens if I stop paying my premiums?"
A "Your life will no longer be covered".