Wouldn’t it be nice to have the certainty of knowing how much your life insurance premiums would be in 10, 20 or 30 years from now? The reality is, as you get older, you can expect to pay more (as the risk to cover you increases).
Freeze your premiums
But what if you had the option to freeze your premiums? Most insurance premiums are stepped, so as your age goes up, your premiums do too. The other option is level premiums – meaning one flat rate for life*. Initially this option is more expensive, but if you need life cover long-term, the total cost of your cover overtime will be less and you’ll be better off in the long run.
Know exactly how much you’ll pay
With AMP you can choose a life insurance policy with a level premium. This means you should always know how much your cover will cost – ideal if you want to protect yourself from price increases and know exactly how much your insurance will be as you grow older.
Now’s a great time
Did you know that from 1 July, the government will introduce a change in tax rules that could mean the cost of life insurance becomes more expensive for Kiwis? That’s why now is a great time to lock in your insurance premiums.
Is Level Life Cover right for you?
When considering whether a level insurance premium is right for you, consider the following:
- Is budgeting important to you?
- Do you have long-term debts or commitments?
- Will you need life cover past your 60s and into your 70s and 80s?
- Does the cost of life cover when you’re older worry you?
- Is it important to you to create a legacy for your children?
If you answered ‘Yes’ to any of these questions, AMP Level Life Cover could be right for you. Alternatively, if you’re considering taking out life cover for a shorter time or you want more flexibility to change your premium, life cover with a level 10-year premium could be for you. To find out more, talk to us today.
Get the big freeze with AMP!
Take out Level Life Cover before the 31 May 2010 and go in the draw to WIN a Samsung LED 55” HD flat screen TV and your costs covered for a MY SKY HDi decoder and 12 month subscription. **
*Level premiums are not guaranteed and may change in some circumstances. For more information, please refer to the AMP Lifetrack Policy Document available from your Adviser.
** Eligible covers are 10 years, or up to age 60, 70, 80, 85 or 100. See www.amp.co.nz/freeze for full prize terms and conditions.