What happens to my life insurance if my circumstances change?
Summary: When you take out a life insurance policy with Beagle Street, your monthly premiums are agreed at the start your premiums are fixed and will never change (unless you request to change your policy), from the first day of the policy to the last even if there are changes in your health and circumstances.
Contents
What happens if my circumstances change?
When you take out a life insurance policy with Beagle Street, your monthly premiums are agreed at the start your premiums are fixed and will never change (unless you request to change your policy), from the first day of the policy to the last even if there are changes in your health and circumstances.
If you need to inform us of any changes, our UK based team of experts are available call them free on 0800 048 0480 and they will be happy to help.
Should I review my policy?
There are times when it might be a good idea to take a fresh look at your life insurance. Big changes like buying a new home or having kids could mean more financial responsibilities, which you might need to be covered if you were no longer here.
Even if you don’t need extra life cover, it could be worth reviewing your policy every few years. It’s possible you could get better value for money from doing your research. Cancelling your Beagle Street premium is free, and you can switch whenever you like.
Will my premiums change if I’m diagnosed with an illness?
No. You don’t need to tell us if your lifestyle changes. As long as you give us accurate information when you set up your policy, whatever happens later can’t affect your premiums.
Can I change my policy premiums?
No. Premiums are fixed at the point where you accept our offer at the start of the policy. But if you added critical illness cover, you may be able to end this, which would reduce the total amount you pay each month. Please contact us and we’ll let you know if your critical illness cover can be cancelled.
What if my address changes?
If you move house you can call us on 0800 048 0480 or alternatively email: [email protected] to let us know your details have changed so we can keep our records up to date.