Insurancy guid

The price of life insurance has fallen considerably over the past few years, so premiums shouldn’t break the bank. 

If you have a policy which you took out several years ago, you might be able to find cover at a cheaper price, even though you are now older. It’s certainly worth running a comparison quote to see if a better deal is available. 

Don’t, however, cancel your existing policy until you’ve definitely got other cover in place.

Previously, women could expect to pay lower premiums than men for life cover, as they have a longer life expectancy. However, under European legislation, introduced in December 2012, insurers can no longer take gender into account when determining premiums, so this differential between women and men has disappeared.

The price of life insurance has fallen considerably over the past few years, so premiums shouldn’t break the bank. 

If you have a policy which you took out several years ago, you might be able to find cover at a cheaper price, even though you are now older. It’s certainly worth running a comparison quote to see if a better deal is available. 

Don’t, however, cancel your existing policy until you’ve definitely got other cover in place.

Previously, women could expect to pay lower premiums than men for life cover, as they have a longer life expectancy. However, under European legislation, introduced in December 2012, insurers can no longer take gender into account when determining premiums, so this differential between women and men has disappeared.

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