A loading is an added premium that is placed on your life insurance policy if you are seen to present a very high risk of claiming benefits in the future. Loadings are typically placed on life insurance policies if you have a pre-existing health condition or have a family history of serious illness that is significant enough to warrant an extra premium but not considered so risky that you need to be denied cover altogether.
Subscribe to Us
Learn something. We promise we'll only send you things that are great.