What is a Pure Protection? Insurance

Hi Friend

I am glad that u are visiting my blog.

I am a licensed UK Mortgage & Insurance Broker.

What is a Pure Protection?

It is a long term insurance contract where all these conditions are met:

A) The benefits or money under the contract are payable only on death.

B) The benefits are payable with regard to incapacity due to sickness.

C) The contract has no surrender value or d surrender value does not exceed d premium where a single premium has been paid.

D) The policy cannot be converted or extended.

E) The contract is not a reinsurance contract.


The 3 types of Pure Protection insurances are:

Life
Critical illness
Permanent health insurance.

Rgds

Olubola Adeleye
www.almondfsl.com

Olubolaadeleye@gmail.com