Your life insurance is the only policy where you can lock in your premiums

It’s easy to put life insurance at the bottom of your list of priorities. If your health isn’t a problem, then why would you need it, right?

Wrong. Getting life insurance later down the line might mean that you’ll be paying way more than if you locked in your price at a younger age. Or worse, by leaving it too late, you could even be declined cover.

How does life insurance work?

Contrary to popular belief, life insurance is actually pretty straightforward.

When getting a term life insurance policy, you set an amount of time that you want to be covered for. If the worst were to happen to you, during your term length, your policy will pay-out a lump sum.

The money from your cover can be used by your loved ones, so that they can get by, after you’re gone.

Your priorities

You’d protect your pet with an insurance policy, as well as your phone. In fact, you can pretty much get insurance for anything these days. But life insurance all too often seems to be put at the bottom of people’s lists.

Unlike many other types of insurance, life insurance is one of the only types where you can lock in your price. Think about it like this: who would pay for all the other types of insurance anyway, if you were no longer here? Life insurance should be your top priority.

Act now

There are a million and one reasons why life insurance should be on your radar.

But if the main reason you’ve been putting it off is because of the price, then sorting your cover sooner rather than later could make all the difference, as life insurance is typically cheaper when you’re younger.

What age should you get life insurance?

There seems to be a general misunderstanding that life insurance isn’t for young people. But this couldn’t be further from the truth.

Policies such as income protection insurance, and critical illness cover can pay-out whilst you’re still alive. If you’re covered by one of these policies, you’d have the option to use the pay-out yourself.

Here are some of the top reasons you should consider securing your life insurance whilst you’re younger:


• You’re self employed
• You have a mortgage or rent a property
• You could lock in a cheaper premium when you’re younger
• You don’t have much money in savings
• You’ll more than likely pay less throughout the duration of your policy
• You’re a big worrier
• You have kids or you’re thinking about starting a family
  
  
  

Why does your age affect the price of your life insurance?

The cost of your cover is based on so many different factors. When you take out life insurance, here is some of the information we’ll need:


• Age
• What you do for work
• BMI
• What type of policy you want
• If you have children
• Hobbies
• How much cover you want
• Smoking status
• How long you want to be covered for



Lock in your price with different types of life insurance

There are more types of life insurance than you can shake a stick at. But being able to lock in your price is the standard with most types of life insurance.

Once you’ve secured your monthly premium for your life insurance policy, your price will stay this way for the duration of your term.

The only reason your price could change is if you chose to index-link your policy, you make any changes to your policy or if you cancel your cover, and then take it out again when you’re older.

What are the most popular types of life insurance?

• Income protection is a type of life insurance policy that can pay out regular monthly payments, if you were unable to work, due to sickness or injury. This policy can cover up to 60% of your income and will pay-out each month*. This is one of the top insurance policies for young adults, especially if you don’t have a lot of money in savings.
  
  
• Critical illness cover protects you against a list of different critical illnesses. This type of life insurance allows you to use the pay-out whilst you’re still alive. So if you were diagnosed with a critical illness, your cover could pay-out a lump sum which you can make use of whilst you’re still alive or pass on to your loved ones.


  
  
• Term life insurance is one of the most basic forms of life insurance you can get. This type of cover is probably what springs to mind when you think of a classic life insurance policy. You’ll be covered for a lump sum, for a set term length. So if the worst were to happen, your policy would pay-out.
  
  
  

Why is life insurance cheaper when you’re younger?

When taking out life insurance, you’ll be asked a few questions about your health and lifestyle.

Generally, the younger you are, the better your health tends to be. This is often why your monthly life insurance payments will be cheaper, when you lock in your premiums at a young age.

In a nutshell, sorting your life insurance younger would mean you’ll likely pay less in monthly premiums.

Do you need life insurance?

Unlike other types of insurance, such as car insurance, life insurance is not a legal requirement.

As a result of this, so many people assume that life insurance is not essential. But that couldn’t be further from the truth.

With a term life insurance policy in place, you’ll have peace of mind that if the worst happened, your loved ones would have the money they need to get by.

Sneak peek of your costs

If you’re in the dark about how much a life insurance policy will set you back, you need to try out our life insurance calculator.

In just 3 simple steps, you’ll get a sneak peek of how much your cover could cost. Click the button below to calculate your estimated costs with our life insurance calculator today!

What we do

We work with the top life insurance companies in the UK. Meaning we can advise you on which types of life insurance should be on your radar, plus we also set everything up for you.

Our service exists to help save you time and money. We can help you get the best life insurance to protect you, and your loved ones. So if you’re always on the go, our service is for you.

To start your free life insurance quote, click the button below today!

*Your policy will pay you a monthly amount after a waiting period until you return to work, your policy ends, or you have reached your pre-chosen maximum claim period.