Now in our 70’s our Insurance premiums are going up every year to the point where when we really need it we won’t be able to afford the high premiums. I have had 3 operations in the last 3 years, one for cancer so that was covered 100% so we’re the other two to my surprise.
My question is. Why would you want to pay regular high premiums into old age when, if you have a medical problem you can take out immediate cover at any age as there are no underwriting requirements. Therefore no matter how bad the maladie you can get almost instant cover anywhere.
I would be interested in any comments.