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What affects the cost of Life Insurance premiums

WHAT AFFECTS THE COSTOF LIFE INSURANCE PREMIUMS? AGE HEALTH Your BMI and family medical history will be considered when calculating premiums The younger you are when you take out a policy, the lower the premiums SMOKING If you want to cut costs - Whether you smoke or not will drastically affect the price of your premiums STOP SMOKING LIFESTYLE& OCCUPATION If you take part in extreme sports, drink alcohol or take drugs, or have a high-risk job, your premiums are likely to be higher TERM PAYOUT TYPEOF PREMIUM the amount of time 28 you're covered for Larger benefit payouts will have more expensive premiums Guaranteed - Premium prices stay the same Term-based policies are much cheaper than whole of life policies Reviewable - Premium prices will be reviewed by the provider and may rise WHERE YOU BUY COMMISSION-FREE Paying a one-off fee of £20 and no commission makes premiums cheaper than price-comparison sites INDEPENDENT DISCOUNT BROKERS ARE MOST OFTEN THE CHEAPEST OPTION bestpricefs best price financial services

What affects the cost of Life Insurance premiums

shared by bestpricefs1 on Sep 27
Life Insurance quotes can vary greatly in price, and for a lot of people, the range of premiums they may be offered by insurers can be quite confusing. This infographic explains the many factors which...




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