We all understand the concept of fixing our mortgages but fixing the cost of insurance seems a strange concept.
Today most people buy stepped or yearly renewable life insurance. It is a very cost effective way of buying life insurance, but unfortunately there is a loop-hole. The cost increases dramatically over time and research shows that people cancel the cover when they need it most.
The answer is to fix some of the cover. This option involves buying a ‘level to age 80’ policy. This way you know that in later years, the insurance cover will still be affordable.
Talk to us today – let’s look at your options.
John Barber