Did you know that you could reduce your premiums or increase your cover if your circumstances have changed:
Have your medical issues improved or cleared up completely?
If you’ve been given the all clear since taking out your policy, you could be seen as a lower risk and your premium could well be reduced.
If you’ve been given the all clear since taking out your policy, you could be seen as a lower risk and your premium could well be reduced.
Have you stopped smoking?
If you were originally a smoker but have now been given up for 12 months or more, you’ll be entitled to non-smoker’s rates. This could reduce your premiums considerably. It’s important to note that vaping is still considered smoking by most insurance companies.
If you were originally a smoker but have now been given up for 12 months or more, you’ll be entitled to non-smoker’s rates. This could reduce your premiums considerably. It’s important to note that vaping is still considered smoking by most insurance companies.
Have you lost weight?
Life Insurance companies assess your height and weight ratio (BMI) to calculate your premiums. If you’ve lost a substantial amount of weight and your BMI has reduced, you should be able to access lower premiums.
Life Insurance companies assess your height and weight ratio (BMI) to calculate your premiums. If you’ve lost a substantial amount of weight and your BMI has reduced, you should be able to access lower premiums.
It’s a really good idea to review your policy annually to ensure the cover you have in place still meets your needs. Circumstances can change and it’s important that you have the appropriate cover in place.
