Here are the Top 5 ways to spend the refund from your Critical Illness Insurance policy:
5. take a vacation and reward yourself for staying healthy
4. top up your retirement savings
3. help pay for your children’s tuition
2. renovate your kitchen
1. WHATEVER YOU WANT!! The money is yours in full, tax – free!
The size of your refund depends on how much you pay into the policy and how long you keep it for. The more coverage you choose to have for yourself and the longer you keep your policy in place (25, 30,40 yrs) the more you will get back. This could be upwards of $100,000 dollars!
With this type of policy you are guaranteed to pay out, its not even insurance anymore its just a forced savings account, such a no-brainer.
Call us for more information and for quotes that are specific to you.
*these details are specific to Empire Life, different carriers have different return of premium options