#Cheapest #life #insurance
How would you define cheap life insurance?
When you’re balancing family finances, it’s also important to add life insurance into the mix. And, while it could be surprisingly affordable, the cheapest life insurance may not be the best value. Before you search for cheap life insurance quotes, here are a few things to consider.
Life insurance can help you protect your loved ones. Knowing your family will be taken care of financially, if the worst happens to you, can be very reassuring.
The good news is this peace of mind doesn’t have to be expensive. For example, our premiums start from as little as 6 a month and, depending on factors such as your age and health, this could secure you a significant amount of cover.
- Pay annually – we offer a 4% discount on annual premiums.
- Stop smoking – smokers pay more for life insurance but, once you’ve given up for 12 months, you could benefit from cheaper cover. As an example, while a 25-year-old smoker pays 8.75 a month for 150,000 of cover over 20 years, if they were a non-smoker, the monthly premium would fall to 6.34.
- Be healthy your health and lifestyle are taken into account when you apply so, keep fit and active, and you’ll enjoy cheaper life insurance premiums.
- Don’t delay the cost of life insurance increases with age so take out cover when you’re young and premiums will be cheaper. For instance, a 45-year-old non-smoker would pay 18.56 a month for 150,000 of cover over 20 years, more than double the 8.83 they would have paid for 150,000 over 40 years if they were 25 years old.
Apply for Parent Free Life Cover
It’s just one of the ways we’re working to make life, and life insurance, a little easier.