Life insurance – top tips
Get the most suitable life insurance cover for you with these top tips!
- Start early, potentially save money
The younger and healthier you are, the lower your premiums are likely to be. As you get older, insurers will see you as a higher risk. By acting now, you may be able to lock in a lower premium for the duration of your term.
2. Live well
The cost of health insurance is based on a number of factors – including your state of health and lifestyle. So, stopping smoking or losing a significant amount of weight could lead to cheaper premiums.
3. Get the cover you need
And not only when you first take out your policy – it’s also important to review your needs as you take on more financial responsibility, for example taking out a mortgage or having a family.
4. Write your policy in trust
By writing your policy in trust, the payout will not be counted as part of your for estate for Inheritance Tax purposes. This means that it can be used to help your family pay any Inheritance Tax due before probate can be granted.
5. Work with an adviser
It can be hard to assess your life cover needs on your own. We have the specialist expertise required to help you get the right policy in place.
