Saga Life Insurance
Saga Life Insurance allows one to choose the amount of cover and the duration one would like to get insured for. There are several benefits one can enjoy such as monthly or annual premiums with a discount if one pays annually. Terminal illness cover and accidental death benefit are also included automatically. The premiums stay the same throughout the policy unless the cover is changed. There is no hidden cost. Premiums cover all the costs.
The saga Life insurance plan is provided by Legal and General. It is designed to provide cover if one dies during the term of the policy. If one fails to pay premiums before the end of the policy then the cover ends after 30 days. There is a choice of paying premiums monthly or annually but if one chooses to pay annually, then a discount can be availed from Saga Life Insurance. Terminal illness cover for minimum 2 years and accidental death benefits are included automatically at no extra cost. There are optional extras at an additional cost. Critical illness cover makes you eligible to claim during the policy term if diagnosed with one of the specified critical illnesses. Waiver of premium is applicable if one is under 55 while taking policy. If one suffers incapacity caused by illness or injury that makes one stop work for more than 26 weeks then the premiums are waived off.
To deduce the premiums the main factors are age, sex, occupation, smoker status, health, the level of cover one needs and the type of contract one chooses. Saga Insurance premiums are guaranteed. Same amount is paid throughout the term of the plan unless the cover is changed. Life insurance plans are not investment products. There is no cash in value at any time. The life insurance and mortgage life insurance policies include terminal illness cover at no extra cost.
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