Whatever your age, life insurance is crucial if you have loved ones who depend on you financially. Who will pay your debts, bills and funeral costs if you die? Without adequate insurance, your family may struggle to manage. To get the right policy at the right price, read our tips for reducing the cost of life cover:
Compare life insurance online. Not only is it quick and easy, you can compare all the features of each policy alonside the quoted price.
Do your research. Knowing what features you want from your policy before you start will help you secure the best deal for you and mean that you’ll avoid paying for features you don’t really need. Consider consulting an independent advisor but always compare prices online for the best deals.
Make sure you don’t already have cover in place through your employer or with your mortgage and don’t waste money taking out life insurance you don’t need. Of course, mortgage protection won’t pay debts or funeral costs so extend your cover cheaply by comparing insurance online.
If you're worried about keeping up payments, choose a policy with fixed premiums so you know what your long-term financial commitments will be and whether you can afford them.
Start early - the younger and healthier you are, the cheaper your life insurance premium will be. Don’t wait until you really need it as premiums will be much higher.
Don’t assume joint policies are cheaper or better than two separate policies. For just a couple of pounds more overall, you might find you benefit from increased levels of protection and extra benefits such as funeral expenses and premium waiver.
Don’t be fooled by the offer of free gifts and guaranteed-acceptance as these policies can sometimes be much more expensive in the long-run.
Always declare your medical history and be totally honest. Failure to mention existing conditions could render your policy invalid should your relatives need to claim.
Place your life insurance policy in trust to make sure loved ones don’t have to pay inheritance tax when you die.
Look after your health! Taking good care of yourself means you’ll be seen as a good risk for life insurance underwriters. Read More
Source URL: https://pokbongkoh.blogspot.com/2011/08/10-tips-for-getting-cheapest-life.htmlDo your research. Knowing what features you want from your policy before you start will help you secure the best deal for you and mean that you’ll avoid paying for features you don’t really need. Consider consulting an independent advisor but always compare prices online for the best deals.
Make sure you don’t already have cover in place through your employer or with your mortgage and don’t waste money taking out life insurance you don’t need. Of course, mortgage protection won’t pay debts or funeral costs so extend your cover cheaply by comparing insurance online.
If you're worried about keeping up payments, choose a policy with fixed premiums so you know what your long-term financial commitments will be and whether you can afford them.
Start early - the younger and healthier you are, the cheaper your life insurance premium will be. Don’t wait until you really need it as premiums will be much higher.
Don’t assume joint policies are cheaper or better than two separate policies. For just a couple of pounds more overall, you might find you benefit from increased levels of protection and extra benefits such as funeral expenses and premium waiver.
Don’t be fooled by the offer of free gifts and guaranteed-acceptance as these policies can sometimes be much more expensive in the long-run.
Always declare your medical history and be totally honest. Failure to mention existing conditions could render your policy invalid should your relatives need to claim.
Place your life insurance policy in trust to make sure loved ones don’t have to pay inheritance tax when you die.
Look after your health! Taking good care of yourself means you’ll be seen as a good risk for life insurance underwriters. Read More
Visit Godo Bolet for Daily Updated Hairstyles Collection
0 comments:
Post a Comment