The terms Life Insurance and Life Assurance are often used interchangeably. However, there are subtle differences between the two terms.

The rule of thumb with life insurance is that it’s generally cheaper the younger and healthier you are. Insurers base their prices on your risk profile.

Figures from the Association of British Insurers (ABI) show that 98% of protection insurance claims were paid in 2020.

Your life insurance may not cover you if you commit suicide or are overly reckless, especially within the first 12-24 months of the policy being active.

Multiple life insurance policies can help ensure you have sufficient cover during all stages of your life. You claim on all active life insurance policies.

Life insurance policies are underwritten based on your health and lifestyle. Your life insurance premium could be almost double if you smoke or vape.