Life insurance costs halved in 10 years
THE cost of life insurance has halved in the last decade, new research has revealed. According to Moneyfacts, the premiums for the average term assurance policy have fallen following a price war between the major players in the life insurance market in recent years.
Non-smokers have particularly benefited, with the typical premium for a male down 53 per cent since July 1998, while the average female non-smoker premium has plummeted by 48 per cent over the same period.
"Longer life expectancy coupled with increased competition has driven prices down to all-time lows, but for non-smokers there are signs that rates may have bottomed out," said Richard Eagling of Moneyfacts.
"Consumers looking to take advantage of the huge savings on offer should proceed with caution as life insurance companies assess risk differently."
Email to a friend
Print this page- Rangers run into the ground as furious HMRC battles to claw back tax
- Broken Rangers: Club signals intention to go into administration
- Scottish independence: David Cameron offers a deal to reject independence
- Rangers: ‘Crisis will soon be over and Rangers FC will survive’
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- Scottish independence: David Cameron offers a deal to reject independence
- Devo-max merely a dodgy back-up plan to save SNP, says Jim Sillars
- Scottish independence: No breakthrough in talks between Alex Salmond and Michael Moore
- The Rumour Mill: Thursday’s football news and gossip
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Saturday 18 February 2012
Today
Cloudy
Temperature: -2 C to 7 C
Wind Speed: 26 mph
Wind direction: West
Tomorrow
Sunny spells
Temperature: 2 C to 5 C
Wind Speed: 14 mph
Wind direction: West
