How to find the cheapest UK Life Insurance Quotes

April 9th, 2009

How to save money on your Life Insurance Premiums

1. Price comparison site vs FSA Intermediary?

Both. The easiest way to save money is to shop around. Getting a quote from a price comparison website is the quickest way to get a feel for what you should be paying but then speak to an FSA Authorised Intermediary. They will be able to give you the best advice and make sure the cover is what you need. And they will be just as competitive as online quotes.

Get an online quote here!

Get a quote from an FSA Authorised Intermediary here!

2. Review your existing cover

If you already have cover, review it every few years to make sure it still fits your needs. As our lives change, so do our requirements for life insurance. Something you needed cover for 10 years ago might not be relevant anymore. Also, premiums have come down in recent years so even if you still need the same amount of cover, you may be able to get a more competitive quote. Again, speak to an FSA Authorised Intermediary for advice.

Get advice from an FSA Authorised Intermediary here!

3. Stop smoking

Easy to say when you are not a smoker, I know, but aside from the obvious benefits of quitting like better health and saving a fortune in cigarettes, giving up smoking can reduce your life insurance premiums significantly although you will usually need to be cigarette or tobacco free for at least 12 months.

4. Get healthy

Again, a bit obvious but if you are requested to take a medical by your insurance company, being in better shape and not overweight will have a huge affect on how much you pay.

5. Apply early

Although it’s rarely too late to take out life insurance, the younger you are the better. Premiums for an average 20 something male will be a fraction of a 40+ male, but remember health and smoking can play a massive part, so age alone isn’t the deciding factor.

Finally, remember the reason for taking out Life Insurance. It isn’t for you, it’s for your dependants, your family and loved ones so whatever you do, make sure they are adequately protected.

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