Insurance

Advisers may misrepresent premiums

Friday 1st of September 2017

Partners Life managing director Naomi Ballantyne said level premium policies would suit some clients who wanted a policy for a long time.

But she said a big problem with them arose when advisers were not aware of one of the key points.

The "cross-over point" was where someone on a level premium was paying less than they would, for their age, if they were on a stepped policy.

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