Flex Plan: Premiums
The minimum premium varies according to the chosen currency.
Minimum single premiums do not apply when the policy is written in conjunction with an annual premium.
| Currency |
Min Annual Premium |
Min Single Premium |
|
Danish Krone |
20,000 |
50,000 |
|
Euro |
3,000 |
7,500 |
| Norwegian Krone |
20,000 |
50,000 |
| Sterling |
2,000 |
5,000 |
| Swedish Krona |
20,000 |
50,000 |
| US Dollar |
3,500 |
8,750 |
Frequency of premiums
These can be paid quarterly, semi annually or annually. A single premium can also be added. Paying premiums on a more frequent basis gives more opportunities to review and amend premiums and benefits.
Increasing, decreasing or stopping premiums
The premiums can be increased, decreased or stopped on a premium due date and must be amended prior to the settlement of any invoice due on the date of amendment. When premiums are stopped, the Flex Plan will be paid up and cannot be restarted.
Changing premium frequency
The premium frequency can be changed on a premium due date and must be amended prior to the settlement of any invoice due on the date of amendment.
Premium collection
An invoice is sent out prior to each premium due date. Before settling the invoice on that date, you have the opportunity to:
- Change the insured benefit
- Increase or decrease the premium
- Change the premium frequency
The invoice must be settled by bank transfer. We do not accept cheques, bank drafts or cash.