I took out a plan about 20 years ago to cover myself for €76k and this is due to finish late in 2014. I got a note saying I could convert to Whole of Life @ a cost of almost €2k p.a.
If I surrender at any stage I get back just over 80% of contributions. Just wondering what the view is on these policies - I'm currently aged 53 and no significant medical issues?
Would I be better off just buying a pure insurance policy that would kick in in the event of my demise?
Any advice would be appreciated.
Roy
If I surrender at any stage I get back just over 80% of contributions. Just wondering what the view is on these policies - I'm currently aged 53 and no significant medical issues?
Would I be better off just buying a pure insurance policy that would kick in in the event of my demise?
Any advice would be appreciated.
Roy