Life insurance: what am I paying for?
Life insurance like all insurance has a monthly premium. It can be extremely difficult to get above all the quotes and find the most suitable policy for you, at the right price! As experts in the “Life Insurance” battle, lets break it down for you…
Why are life insurance premiums expensive?
Regardless of what you pay for your life insurance policy per month, if you die within the stated term policy – then the provider should guarantee to pay out a sum of money. However, some of us are considered ‘greater’ risk than others, which is why some premiums are more expensive.
How risky you are, depends upon:
· Age
· Weight and health
· Medical history
· Smoker
· Occupation
· Family health
· Lifestyle
· Hobbies and activities
So for instance, if your family has a history of heart disease this could have costly implications on your life insurance quote.
How to influence your life insurance policy premium?
Well, you can’t completely control the price of your life insurance premium but, not drinking, smoking and by managing your weight can substantially reduce your life insurance. Everyone’s premiums are different which is why you should have an expert find you the right cover.
Is it a lengthy process?
No, you can book a free consultation today with one of our independent financial advisors who will compare life insurance policies for you, ultimately sourcing the most suitable cover for you.
Is Life Insurance necessary?
Well, we work everyday to provide for our home and families to ensure that they have a comfortable lifestyle. So what would happen if you were no longer there to provide for your family?
There are many life insurance policies available to best suit your needs. Whether you would prefer a policy that would financially support your loved ones in the event of your death or, perhaps you would prefer a life insurance plan to help settle any financial imbalances (loans and mortgages) – protecting your family from the cost of any repayments. We can source you the most suitable life insurance cover that best meets your needs and finance.
Book a free consultation today and one of our financial advisors will look forward to meeting you.
