Travelling overseas can be the best experience of your life. Perhaps you plan to go base-jumping in Norway and quad biking along the Namibian dunes, or maybe you prefer exotic spa days and cocktails on the beach.
There are legitimate reasons to taking out cover on someone else’s life. Since life cover is financial protection against the loss of a life, having insurable interest involves proving how the loss of their life will financially impact your life.
Credit life insurance regulations prescribe the minimum benefits that must be offered to consumers. The regulations aim is to limit the cost of credit life insurance. Here are the difference regulations have made.