How to pay less for life insurance

When people hear “life insurance,” they often think it will cost a fortune. But if you time it right and speak to the right people, your policy doesn’t need to break the bank.

Here are a few tips and tricks on getting great cover without emptying your wallet.

Take out a policy when you’re young

The younger you are when you buy life insurance, the cheaper it’s going to be.

Your insurance policy is based mainly on your health and lifestyle; typically, the younger you are, the healthier you are. So, if you’re in your 20s or 30s, even your 40s, now’s the time to jump in.

For just a few pounds a week, you can lock in a great rate that stays low for years. Wait until you’re older, and those premiums could skyrocket - especially if you develop any health issues along the way.

Locking your price in early means you could get the same amount of cover for less money.

Get help from Busy Bee

Life insurance can be confusing - different policy types and so much jargon exist.

That’s where we come in. We’re an industry-leading life insurance brokerage, so we know the ins and outs of the industry. This means we can help you find the right policy.

As a broker, we work for you, not the insurance companies. We can shop the market and compare different policies while explaining everything in detail, ensuring you’re not paying for stuff you don’t need.

Plus, we often have access to better rates than you’d find without help.

Health is wealth

We’ve all heard the saying, “Health is wealth,” and it rings true when it comes to life insurance.

Staying healthy makes you feel good and can help you bag lower insurance premiums. Insurance companies will ask a few questions about your BMI, medical history, and whether or not you smoke.

By keeping fit and steering clear of bad habits, you’re not just doing your body a favour but also making your life insurance more affordable. It’s a win-win!

To wrap it up

Life insurance doesn’t have to be a huge added expense; taking out a policy shouldn’t be a long, drawn-out process.

If you take out cover while you’re young, get help from a good broker (AKA us), and practise good health habits, you can get a policy that gives you peace of mind without breaking the bank.

Getting life insurance is all about protecting the people you love and bringing peace of mind.