Welcome to LifeAssurance-Online
The cost of life assurance is determined by
life expectancy. If we are living longer more
healthy lives then we are less likely to claim
on a life assurance policy, therefore the cost
of life assurance has been steadily falling for
a number of years. This means that you could get
a better deal on life assurance; a lower premium
or more cover for your money.
Before you change your existing life
assurance there are a few things you need to
take into account...
- If you have visited the Doctors in the
last 5 years or your parents\siblings have
suffered from ill health then this could
have an effect on the premium of a new
policy. Do not cancel until a new plan has
- Older style contracts that include
critical illness cover may provide better
benefits than newer style plans. For
example, most types of skin cancer may be
covered in old contracts while newer
contracts may insist that skin cancer must
be invasive. Do not cancel an existing life
assurance policy until you know what you are
- When you completed your application for
life assurance, did you disclose everything?
If you failed to disclose an illness then
your life assurance could be invalid. If
you're concerned then a new application
could overcome this problem and you may save
money at the same time.
- Did you buy the sales pitch from bank to
buy their in-house insurance? Such plans can
offer poor value by having less options and
features while actually costing more.
- Did you put your life assurance in
trust? If not do you have a will that states
who will receive the benefits if you die? No
to both these questions? You should review
your life assurance to make sure it will be
paid quickly to the person that you want to
receive the benefits.
- Are you separated? Could your life
assurance be paid to your ex? This might be
OK, if its what you want.
- When was the last time you reviewed your
life assurance? Is it still enough - has
inflation reduced its real value? Have your
circumstances changed... more children,
larger mortgage? Should you have more cover
- Do you have a reducing term assurance
policy and an interest only mortgage (the
sum assured is reducing but your mortgage is
not). Have you borrowed more money but not
increased your life assurance? Have you
allowed for early repayment charges in the
sum assured, these may still have to be paid
even if the mortgage is repaid with life
We have some great deals on life assurance
and can good solid advice about choosing the
right type of policy. We recommend policies from all
UK insurers so you have the benefit of lower
premiums and greater policy options.
We look forward to helping you.