Life insurance, also known as life assurance or term assurance can be confusing and complicated, which is why we've put together 10 top money saving tips to help you find the right life insurance policy for your needs and save money in the process.
If you were to die, taking out life insurance can help make sure that your family can cope with any financial burden you might leave behind such as replacing your income, paying the rest of the mortgage, paying for childcare, etc.
The cost of life insurance can vary considerably so it's important to shop around for the best life insurance deal to suit your individual needs. Life insurance generally costs more the older you get, but as life insurers compete for business and reduce rates, you can still get cheap life cover if you shop around.
Compare brokers as you would direct insurance policies. Get quotes from a couple of brokers to compare prices and policies.
Moneyfacts.co.uk have partnered with Torquil Clark Life Insurance to help you find the best life insurance deal.
Speak to an adviser about your life insurance needs
Under no circumstances should you cancel an existing life insurance policy until a new one has been arranged. Torquil Clark Life Insurance is a trading name of LifePolicies Direct Ltd which is authorised and regulated by the Financial Services Authority.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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