What are my options if I am struggling financially?
If you’ve chosen to pay with stepped premiums, you can choose to use the Premium Freeze Benefit if you’re worried about your increasing premiums. The Premium Freeze Benefit means your premiums will stay the same, while your sum insured will reduce each year.
Every policy also offers the Premium Pause Benefit. This allows you to stop paying premiums for up to 3 months over the life of your policy. You’ll still be covered, but while the premium is paused it’ll be for accidental death only.
You can choose to use the Premium Pause Benefit, regardless of whether you pay by stepped or level premiums.