Consumers urged to review life insurance as cost of policies fall
Thu, 08 Jan 2009
Protection company LifeSearch is advising consumers to ensure that they are not paying over the odds for their life insurance premiums.

The company says the cost of life insurance has fallen by around 40 per cent over recent years, which means that many customers could be wasting thousands of pounds by not reviewing their protection policies. The price of life insurance and critical illness insurance continued to fall last year which means that now is a good time buy, according to LifeSearch.

Matt Morris, LifeSearch Senior Policy Adviser, said: "There are a number of steps that customers can take in the new year to freshen up their finances and save a bit of money . The first thing is to actually take action. Don't wait until New Year's Day 2010 comes round before you start thinking about saving money on insurance premiums again.

Mr Morris also said that when choosing a protection product, customers should look at the policy that offers the best value for money rather than simply the cheapest.
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