A sum of money that you owe to a company or person.

A person or company who owes money to another person or company.

Nothing to pay for a certain amount of time.

A Demands and Needs statement is presented after you have chosen or been recommended an insurance product.

There are two versions of the Demands and Needs statement, an advised and non-advised version. An advised version outlines your insurance demands and needs and details of why this insurance product was recommended to you. A non-advised version outlines what demands and needs the insurance product will meet.