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Are there controls over selling life insurance?

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Are there controls over selling life insurance?

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It takes careful planning to choose the right life insurance policy for yourself, family or business. It is also important to review regularly your life insurance needs to make sure that they keep up with changing personal and economic circumstances. Surveys have shown that one person in three has no life insurance at all. A further third have not reviewed their life insurance needs over the previous five years – meaning that they may now be underinsured. When you have decided on a policy you will have to complete and sign a proposal form. This form asks about such matters as your age, occupation and health. You must answer all questions truthfully. If you fail to do so, it can, in some circumstances, mean that your policy will not pay out. A lift insurance policy is a long-term commitment. It is not designed for you to cash in early. Insurance companies and independent advisers can help you decide what products are suitable for you. Never surrender a life insurance policy without taki

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