Print
This List
Email to
a Friend
5 Main Options on a Permanent Health Policy
TIPS 
Tags: permanent health insurance, income protection
The key options available on a permanent health insurance plan and whay you should consider them.
| | Length of Cover - Can range from as little as 5 years to as long as retirement. The shorter the length of cover the cheaper the premiums. |
| | Level of Cover - Most insurers will allow you to cover up to 65% of your gross earnings. The more cover you require the higher the premiums. |
| | Deferred Period - The period of time you must be off work before the benefit starts paying out. Deferred periods start at a week and can be as long as a year. The longer the deferred period the cheaper your premiums. |
| | Indexation - Indexations sees your level of cover increase year on year with inflation, usually indexed to the retail price index. Including indexation will increase your premiums. |
| | Guaranteed or reviewable premiums - Guaranteed preimums although tending to be more expensive at the outset are fixed where reviewable premiums provide the insurer with the opportunity to review the risk on an ongoing basis and adjust your premiums accordingly. |
Lister:
ListAfterList Wiki Contributors
Source:
Permanent Health Insurance
Other lists of interest:
This list not rated yet – be the first to rate it