Top 5 Tips for Cheap
Life Insurance in
Best Insurance Quotes
Life insurance can provide
essential cover for individuals and
families, but as with any form of
insurance, you don’t want to
The key is to match your coverage
with your needs and your budget.
Getting there requires little more
than making a few smart money
What are our tips for getting the
cover you want at a price that
makes sense? We share them
Whole of life insurance is the most expensive
life insurance product because it provides a
wider umbrella of cover. However, if you are
young, healthy and only worried about the next
few years, then term coverage may be a better
Term cover provides you coverage if you die
within the term of the policy. So if you have
young children, you might buy a 25-year cover,
by which time your children will be grown and
your finances could be more stable.
Opt for Term Coverage
Buy Life Insurance in Your 20s or 30s
Just as with health insurance in Ireland, waiting until your 40s or 50s
to buy life insurance will cost you in premiums, so consider buying
cover in your 20s or 30s.
Every life insurance premium is the product of your preferred cover
and your personal risk. In other words, you’ll pay more in premiums
when you’re older because you will spend fewer years paying into
the policy and are more likely to experience ill health.
Work on Your Health
Life insurance becomes more expensive when you have a risky health profile. Smoking is perhaps one of
the most common reasons you might receive a higher premium. Drinking and a sedentary lifestyle can
also impact your premiums.
If you take steps to improve your health, let your insurer know. If your current insurer won’t recognise
your efforts, you might consider switching life insurers.
Were you previously turned down for life insurance based on your health? Work with your GP to target
trouble areas, like blood pressure or weight, and then apply again. Your GP can provide evidence that
will help you get cov