want life insurance what Functional Assessment Tests and
options should I consider these are to be done without the
adding ? help of another person.
When taking out a life insurance
Walking - the ability to walk
plan there are a number of 200 metres on the flat ground
different options you could with or without the aid of a
decide to add should you think walking stick without stopping or
they would be appropriate to your experiencing discomfort.
circumstances. These need to be
Bending - the ability to get
added at the start of the life into and out of a standard saloon
insurance policy from the car and the ability to bend or
outset.
kneel to pick an object up off
Waiver of Payment Benefit
the floor and straighten up
Waiver of payment benefit can again.
be added to most life insurance
Communicating - the ability to
polices, this benefit if added answer the telephone and to take
means that you do not have to pay a message.
your life insurance premiums if
Reading - having the required
you cannot work for six months or eyesight(corrected if necessary)
more as a result of illness or to be able to read a daily
injury. Most of the insurers will newspaper
expect the premiums to be paid on
Writing - having the physical
the life insurance policy for ability to write legibly using a
normally at first, however after pen or pencil without aid.
normally about 26 weeks of
Climbing - having the ability
incapacity the premiums will be to climb a flight of 12 stairs
waived.
without stopping or suffering
The incapacity or waiver on a severe discomfort.
life insurance policy is normally
These are only guides and
assesed by something called should not be relied upon totally
your life insurance broker, will will be given regularly but if it
be able to advise in individual is declined it wont be offered
circumstances again.
Conversion of Life Insurance
If you are ever in any doubt
Policies
about what options to add to your
Some life insurance life insurance policy then you
brokers/assurance companies will should consult your life
offer the flexiblity to convert insurance broker and request the
your life insurance policy to a technical guides and key facts
Whole of Life Plan without for the products being cosidered.
providing further medical Life insurance is not complicated
evidence. When taking this option but it is important to pick the
there are some restrictions that right policy with the right
need to be explored fully when options from the outset.
adding it. Your life insurance
financial advisor/ broker needs
increase with the RPI (Retail align="center">
Price Index) this can be up to
10% in any one year. Normally if the indexation option is added to type="text/javascript">
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Article Tags: insurance, life, policy
