5 Year Age Banded Rates
Your risk of illness increases as you get older and this is reflected in your premiums. Some plans allow you to pay a level premium by charging you a much higher premium now and then using part of this money to offset your increased risk in later years. How-ever, the CBIA takes a different approach. We believe you should pay a premium that reflects the risk you present to the insurer today, not tomorrow. So, as you age our premiums gradually increase every 5 years. When com-pared to most level premium plans, the cost of owning CBIA Critical Illness can be much less over your lifetime.