Diaspora Insurance is a global company authorised and regulated by the FCA (795897) and has been in operation for more than 10 years now. At Diaspora Insurance treating customers fairly is embedded in our culture hence the premiums are fixed. The premium will only change if the client alters the policy for example when they increase or decrease the cover amount, add, or remove lives. Keeping other things constant, you only pay a guaranteed premium for the life of the policy.
Other insurance companies take customers at a low premium to attract them to their policy, then each year, they increase the premium on the policy’s anniversary. On these reviewable policies, the policyholder pays higher premiums each year. This results in not being able to afford the insurance over the years. With the Diaspora Funeral Cash Plan, you can be sure that today’s price will be the same as tomorrow’s low-cost prices. Even though the premiums are fixed our covers consider inflationary time value of money. The clients’ age is considered when making recommendations for a cover. The cover is offered in hard currency which mitigates inflationary loss of value and currency volatility risks.
In considering the
Benefits of fixed premiums.
Reduces uncertainty.
Provides security and peace of mind to the insured knowing they have a fixed premium for the agreement.
Better planning/ budgeting
The insured can budget more efficiently since they know the premium amount they must pay.
WHY PREMIUMS INCREASE IN SOME OTHER INSURANCE POLICIES?
LIFE COVERS
There are situations in which an insured might find their life insurance rates increase. This is primarily because life insurance is not calculated in the same way as other policies. Many policyholders purchase level-premium policies, which guarantee the same premium for the term. Typically, the term lasts 10, 20, or 30 years. Once you reach the end of that term, you will likely see an increase in your premium. Coverage also increases over time, unlike decreasing term insurance. However, decreasing term plans generally have the same premium throughout the plan length.
It is imperative for policyholders to understand the difference between these premium patterns. This is so that they can ensure they are paying the most appropriate rate for their life insurance, both now and in the future.
In Conclusion, the Diaspora Funeral Cash Plan Offers the following Benefits.
· Immediate pay-out guaranteed, no need to wait for probate.
Protection without borders
Peace Of Mind Guaranteed
Celebrated life guaranteed
No more bereaving and begging
Personal and family dignity
Regulated by the Financial Conduct Authority (FCA)
To learn more or get a Diaspora Funeral Cash Plan, go to www.diasporainsurance.com/getquote
