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10 months ago

Mortgage & Debt :: Adding a Terminal Illness Booster While You Buy Life Insurance

At the time you buy life insurance plan, there will be a number of plan features and options that you can consider adding to your insurance. Usually these will come at an extra cost so they are intended as additions to the usual range of features (like payment on terminal illness or an advance funeral payment) that are considered standard on most life insurance plans. One feature that can commonly be added to life insurance is known as a "terminal illness booster" benefit. We will take a look at how this works and consider whether adding this to your life insurance is a good idea.

First, with life insurance NZ you can select a lump sum, which is paid out in the event that the insured