If you’re a responsible working adult, there’s a high chance you might already have your insurance needs sorted out.
And you’re currently holding on to a Participating (Par) policy, or looking to get one, there are some upcoming changes to take note of.
The Life Insurance Association (LIA) has announced that the illustrative investment returns used in par policies will be reduced with effect from 1 July 2021.
If that sentence above is a chunk of words that look foreign to you, don’t worry as we will break it down for ya.
Okay, not this break it down. You get what I mean.
Here’s all you need to know about the upcoming changes!