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You may be surprised, but according to independent broker Lifesearch, we are paying the lowest prices ever in real terms for life insurance as its costs have fallen by nearly 30 per cent in the last ten years.

You may be able to save even more on premiums if you switch your policy to another insurer.

But it may not be so easy for everyone. If you are in the Armed Forces, which is a high-risk job, or if you are overweight, you will probably have to pay more for your premiums.

A 40-year old man looking for 100,000 pounds of life cover over 25 years was quoted a monthly premium of just over 11 pounds by More Than. Everything was to stay the same for the entire term of the policy.

But Lifesearch points out that if this same man was obese with a Body Mass Index (BMI) of over 30, his premiums could be 50 per cent more.

Matt Morris of Lifesearch explains, “The old loading for obesity meant premiums jumped by up to 20 per cent. That is more like 50 per cent today and can in some cases be more. People are being loaded earlier and loaded higher.”

He adds, “No single insurer will be cheapest for everyone. Those who have a high BMI or complicated medical problems should shop around for the best cover.”

Stan Mayden, 49, from Malpas in Cheshire, and just a shade over the recommended BMI level, had to do just that. His bank Lloyds TSB quoted a monthly premium of 29 pounds for 90,000 pounds of decreasing term insurance. This is where the longer the policy goes on the less the payout may be.

He and his wife Judy, 44, who works as a co-ordinator for a firm that provides carers, asked Lifesearch to help them find a better deal. And it did – Legal & General would charge 17.57 pounds a month for the same cover.

Stan was delighted. “Lifesearch looked across the entire marketplace and found an insurer that didn’t see me as an increased risk,” he said.

“I purchased cover at standard terms, which means I will be able to shave thousands of pounds off the cost of cover over the life of the policy.”

NFU Mutual specialises in providing cover for farmers and businessmen in rural areas say that only ten per cent of people who live in the country consider life cover as essential to protect their families and 44 per cent do not see it as a priority.

Other statistics for country dwellers found that ten per cent value the feeling of community and another ten per cent live there to be nearer to their families.

Juliet Ward from NFU Mutual finds the figures about life insurance a bit alarming. “Perhaps those in the countryside think that living in a rural community means closer links to their wider family and friends, who could take care of their children if the worst should happen.”
But she stresses that this could be a risky strategy as difficulties can arise if there is no life cover when one parent dies.

“Life cover doesn’t have to break the bank and it’s not worth taking short cuts when protecting your family,” she says.

NFU Mutual quotes 9.27 pounds a month for a ten year life policy providing 100,000 pounds of cover for a non-smoking, 40-year old woman. A non-smoking man of the same age would pay slightly more at 10.91 pounds a month.The Life Insurance Professor provides great deals on Life Insurance for its clients in the uk. Please visit our site for helpful information to aid you in making the right decision, first time. Brokers Online offers cutting edge articles and information about Life Insurance, mortgages and other great financial products.

Lifesearch, an independent insurance broker, say in the last 10 years Life insurance has become cheaper to buy by 30 per cent; as cheap as it has ever been. And, if you already have a plan in place you may be able to lessen your premium by switching to another insurer.

However, if you have any health issues, such as being over-weight or you have a risky job, perhaps in the Armed Forces, you might not be eligible for a cheaper premium and have to pay more for your cover. A quote from More Than for 40 year-old male, for 25 years to the value of 100,000 pounds, at slightly over 11 pounds per month and this, and the cover, will remain the same throughout the term of the policy.

If a 40 year-old man were to have a Body Mass Index (BMI) of over 30, he would be classed as obese and his premium could be more than 50 per cent higher, according to Lifesearch.

Matt Morris from Lifesearch says, ‘The old loading for obesity meant premiums jumped by up to 20 per cent. That is more like 50 per cent today and can in some cases be more. People are being loaded earlier and loaded higher.’ He continued, ‘No single insurer will be cheapest for everyone. Those who have a high BMI or complicated medical problems should shop around for the best cover.’

Wesley Boden from Warrington, Cheshire, did just that having approached Lloyds TSB, his own bank, for a quote for a Decreasing Term insurance for 90,000 pounds. They quoted him 29 pounds per month which included a loading because of Wesley’s BMI being just higher than the approved level.

Wesley went to Lifesearch for some advice. They shopped around for him and came up with exactly the same cover for 17.57 pounds per month. He said, ‘Lifesearch looked across the entire marketplace and found an insurer that didn’t see me as an increased risk. I purchased cover at standard terms, which means I will be able to shave thousands of pounds off the cost of cover over the life of the policy.’

The NFU Mutual says that only a meager 10 per cent of rural residents consider Life insurance as high-priority for safe-guarding their families. The NFU specialises in insurance for rural enterprises and farmers and in a recent survey they revealed that 10 per cent of country dwellers live there for the community spirit and 10 per cent say they live there to be near to family.

Juliet Ward from NFU says, ‘The fact that only a small proportion of rural dwellers view life insurance as a priority is concerning. Perhaps those in the countryside think that living in a rural community means closer links to their wider family and friends, who could take care of their children if the worst should happen. Life cover doesn’t have to break the bank and it’s not worth taking short cuts when protecting your family,’ she goes on to say. With life insurance premiums at an all time low it would be foolish not to consider protecting your family.

A 40 year-old female, non-smoker would pay around 9.27 pounds per month for 100,000 pounds worth of cover on a ten year policy, and a male, same age, non-smoker would pay 10.91 pounds for the same cover, based on quotes from the NFU.Get great deals on Life insurance from The Life Insurance Specialists. Please visit our site for helpful articles on Life Insurance. Visit Brokers Online to benefit from its extensive article library covering most areas of uk finance.They also offer Life Insurance Quotes, Mortgage Quotes and much much more all online.

You may be surprised, but according to independent broker Lifesearch, we are paying the lowest prices ever in real terms for life insurance as its costs have fallen by nearly 30 per cent in the last ten years.

You may be able to save even more on premiums if you switch your policy to another insurer. But it may not be so easy for everyone. If you are in the Armed Forces, which is a high-risk job, or if you are overweight, you will probably have to pay more for your premiums.

A 40-year old man looking for 100,000 pounds of life cover over 25 years was quoted a monthly premium of just over 11 pounds by More Than. Everything was to stay the same for the entire term of the policy. But Lifesearch points out that if this same man was obese with a Body Mass Index (BMI) of over 30, his premiums could be 50 per cent more.

Matt Morris of Lifesearch explains, “The old loading for obesity meant premiums jumped by up to 20 per cent. That is more like 50 per cent today and can in some cases be more. People are being loaded earlier and loaded higher.”

He adds, “No single insurer will be cheapest for everyone. Those who have a high BMI or complicated medical problems should shop around for the best cover.”

Stan Mayden, 49, from Malpas in Cheshire, and just a shade over the recommended BMI level, had to do just that. His bank Lloyds TSB quoted a monthly premium of 29 pounds for 90,000 pounds of decreasing term insurance. This is where the longer the policy goes on the less the payout may be.

He and his wife Judy, 44, who works as a co-ordinator for a firm that provides carers, asked Lifesearch to help them find a better deal. And it did – Legal and General would charge 17.57 pounds a month for the same cover.

Stan was delighted. “Lifesearch looked across the entire marketplace and found an insurer that didn’t see me as an increased risk,” he said. “I purchased cover at standard terms, which means I will be able to shave thousands of pounds off the cost of cover over the life of the policy.”

NFU Mutual specialises in providing cover for farmers and businessmen in rural areas say that only ten per cent of people who live in the country consider life cover as essential to protect their families and 44 per cent do not see it as a priority.

Other statistics for country dwellers found that ten per cent value the feeling of community and another ten per cent live there to be nearer to their families.

Juliet Ward from NFU Mutual finds the figures about life insurance a bit alarming. “Perhaps those in the countryside think that living in a rural community means closer links to their wider family and friends, who could take care of their children if the worst should happen.” But she stresses that this could be a risky strategy as difficulties can arise if there is no life cover when one parent dies.

“Life cover doesn’t have to break the bank and it’s not worth taking short cuts when protecting your family,” she says.

NFU Mutual quotes 9.27 pounds a month for a ten year life policy providing 100,000 pounds of cover for a non-smoking, 40-year old woman. A non-smoking man of the same age would pay slightly more at 10.91 pounds a month.The Life Insurance Professor provides great deals on Life Insurance for its clients in the uk. Please visit our site for helpful information to aid you in making the right decision, first time. Brokers Online offers cutting edge articles and information about Life Insurance, mortgages and other great financial products.