Reviewable Premium
Some of our critical illness and income protection products have reviewable premiums. This means after a period of time we will review your premium, which may result in an alteration to the amount you pay.
Factors which we will consider when renewing your premium will include:
- changes in claims (death and illness) experience, trends and expectations
- changes to expenses outside our control i.e. changes to the costs of providing care planning service, or changes to the tax levied on this type of business
- changes in persistency (how long customers keep their products) experience, trends and expectations
- changes to future expectations of investment returns.
For further information about our reviewable premium policy, view the PDF below or call 08457 46 46 46.
