Life policies should be reviewed at the start of the year
Wed, 06 Jan 2010
By reviewing their life insurance policies in the new year, consumers could find themselves saving hundreds of pounds if they switch to a cheaper deal, according to LifeSearch.

There can be a large difference between the cheapest and most expensive policies that are on offer, especially if the cost is considered over the duration of a policy. Further, individuals who have given up smoking in the last year could see their costs fall as they may be able to switch to a cheaper premium.

Matt Morris, LifeSearch senior policy adviser, said: "It is important to remember that price should not be the only consideration when choosing a financial protection product and customers should look for the policy that offers the best value for money ."

Recently, LifeSearch provided advice to those looking to take out insurance polices for the first time. While it is important to shop around, working out which is the right type of policy is also essential, as well as buying enough cover to protect debts and children .
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