A Level premium is the amount you pay when you take out your policy. It’s determined by your age, gender and the sum insured amount. Apia Funeral Insurance only offers level premiums
Although your initial premium will be higher than a stepped premium, it won’t increase each year, unless you make changes to your policy or the underlying premium rates are changed by the insurer.
If we do need to change the premium rates, you will receive a notice to let you know. You won’t be charged the new premium until your next policy renewal.
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