Thursday, June 26, 2014

Loyalty rewards on life insurance too

You know you get a no-claims bonus on your car insurance and accrue continuity benefits on your health plan. But did you know you get loyalty rewards on life insurance plans as well? Insurance policies are long-term products and insurers see many pre-mature policy terminations. Though, most often, it is the policyholder who loses the when the plan is surrendered, it is not the desired option for the insurer either. Insurance companies, therefore give loyalty additions, an extra benefit to the insured for keeping the policy in force throughout the full term of the contract 

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