Ageas Protect has launched a new low cost product in a bid to encourage consumers on tight budgets to buy life and critical illness insurance.
Low Start offers the same cover as Your Life Plan term assurance and critical illness with term assurance but at a lower initial cost. Premiums then go up gradually each year at a rate that is guaranteed at the outset. Although the cost over the whole term will be higher than for a traditional plan, the premium for each year of the term is fixed and you can opt out of the increase or switch to level premiums at any time by reducing the sum assured.
Martin Werth at Ageas Protect says," We have launched Low Start to help customers afford the protection they need now.”
