If you take out a guaranteed policy this means your premiums are guaranteed never to increase. The cost of taking out this type of policy will be higher
than others, but it may save you money in the long term.
Always keep up with your premiums. If you miss payments it may mean your policy may be void or will not payout the expected amount. Also take into account any admin or late payment fees that may apply.
A family income benefit policy will mean your family will receive regular payments on your death rather than a lump sum.
You may need to undergo a medical depending on your medical history or the type of policy you are wanting to take out. This will help determine your status and get you a better policy deal. trying to hide medical conditions, is likely to void your policy at a time you may need it.
It might pay to lose some weight before applying for life insurance. Some major companies are penalising anyone with a Body Mass Index of 28+ by increasing
their premiums.
