Falling life insurance premiums

Thu, 21 Jun 2007

According to a recent Life Insurance Index released by Sainsbury’s Bank, premiums on UK life insurance policies have fallen over the last year. Furthermore, the study indicates that the cost of policies depends on the provider, meaning shopping around is more important than ever.

The aim of the new index will be to encourage people to do just that, by showing some of the more competitive life assurance premiums across the market. The supermarket bank found the discrepancy between cheapest and most expensive provider to be substantial, well over 50 per cent.

The life insurance manager at Sainsbury’s, Claire Moyles, reportedly commented: "Over recent years we have seen dramatic price cuts across the term assurance marketplace and although we appreciate our index is not indicative of the life insurance market as a whole, we believe it should serve as a useful reminder to people of the need to shop around. Life insurance is one of the most important financial products you can buy so it is important that you invest time to find the right cover for you at a competitive price. A difference of £8.36 over 25 years amounts to £2,508, which is a significant amount of money ."
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

 

Life Insurance Partners
Price Promise
Our Price Promise
We guarantee to match any like for like price obtained within 7 days with written evidence.
Award Winners
Award Winners
Voted Best Protection Adviser 4 times in 5 years at the Money Marketing Awards.

Mortgages

Would you like to save money on your mortgage? YES! Fill out our Quick Enquiry Form