Save on Life Assurance as Premiums Plummet

Limetree Financial Services Limited

Save on Life Assurance as Premiums Plummet

Have you been paying the same Life Assurance premiums for the last five to 10 years? If yes, then it’s time to review them.

You can’t pick up a newspaper at the moment without reading about the pensions crisis due to people living longer. Another effect of the increased longevity of the general population has been for life assurance premiums to reduce dramatically in recent years.

If your health has been unaffected over that time, it is likely that you could save money on your premium by finding a better deal (subject of course to the relevant underwriting).

Falling premiums are not the only reason to review your life insurance. You should also review your policy if your own health has improved, medicine has advanced in an area that affects you, or you no longer take part in an activity that was deemed dangerous.

Reasons to review your life insurance

  • Premiums have reduced generally
  • If you have stopped smoking (for at least 12 months)
  • If your health has improved – and if your premium was originally loaded due to medical conditions that are now either resolved or more under control due to medical advances
  • If you have lost weight – where your policy was originally loaded based on Body Mass Index (BMI)
  • If your policy was loaded for a hazardous activity that you no longer do

If you haven’t thought about your life insurance for a while and want to find out how much money you could save, contact us for a no-obligation quotation.

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