Should you have Guaranteed or Reviewable Premiums for Life Insurance?
Posted on February 4th, 2011 in All Posts, Critical Illness Cover, Term Life Insurance.Term Life Insurance and Critical Illness Insurance can either be on a Guaranteed basis or a Reviewable premium basis. The terms relate to the monthly premium. Life insurance companies monitor claim rates and if claims are higher than the expected they will need to increase their premiums to ensure they continue to make a profit. [...]




