What is the risk of early termination of a life insurance contract?
Terminating a life insurance contract is easy, but getting your money back is more difficult. It is not so easy to withdraw – the redemption amounts are very low, and in many companies the opportunity to withdraw funds is completely absent for the first two or three years of the policy.
It remains to wait. And it is best to demand that the conditions for the possibility, at the request of the client, transfer the amount of the reserve to another insurer, even before signing the contract, be required to be included in it.
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