The boldest of moves carried out by the worst life insurance companies. It’s like being sold a Givenchy waterproof jacket when all you wanted was an umbrella. ‘Whole of life’ policies have always been controversial. As the term suggests, they last the whole of your life, with the promise of a big payout at the end.
This, unfortunately, gives life insurance providers considerable leverage. More often than not, ‘whole of life’ insurance policies are subject to regular reviews, meaning that premiums can be raised and benefits can be slashed. Now, they are somewhat at their liberty to do so but often customers speak up to say that they weren’t properly informed.
What does it mean to be properly informed? The person who sold the policy may have mentioned the reviews in passing. It is also likely to be part of the small print of the policy documents. Of course, this will be brought up by companies to cover their arse against allegations of mis-selling. What we’re trying to get at is that the worst life insurance companies do not make the effort to ensure people understand every aspect of the policy.
So what are people supposed to do when faced with massive premium hikes? Either they stop paying, and their investment has been for nothing, or they continue to be exploited. It’s a sad dynamic that most life insurance companies are happy to live with. Not at DeadHappy though, oh no…
At DeadHappy, we’re able to be transparent because we’ve got nothing to hide. People understand exactly what they’re getting themselves into because we keep it simple. Our pay-as-you-go life insurance helps you stay flexible, and we make it as easy as possible for you to change it. Sound good to you? Contact us today and start your first deathwish.