Level premiums remain the same throughout the duration of the contract, start higher than stepped premiums, but generally much more affordable long-term.
Stepped premiums increase each year as you get older, but compared to level premiums is cheaper in the beginning.
Underwriting is the process of estimating the level of risk presented to the insurer to determine the cost of a premium for a life insurance applicant.
The Needlestick benefit is a lump sum payout insurance designed to meet the specific needs of people working in the medical profession and emergency services. It provides a lump sum in the event of occupationally acquired HIV, Hepatitis B, or Hepatitis C.