A relatively small reduction in the monthly cost of your life or mortgage protection cover can save you thousands over the term of your policy and there has never been a better time to check if you can obtain cheaper cover. Two companies are currently offering discounts on new policies;

Mortgage protection cover – Aviva will price match the best quote in the market and they will give a 10% discount off that price.

Term Life Cover – Zurich Life are offering a 15% discount off the cost of their term life cover. Where the policy includes Serious Illness, a 10% discount will apply.

The following may also mean that you can get a better deal by taking out new cover now;

– Market rates may have reduced since you took out your existing cover

– If you were a smoker when you took out your existing life assurance policy but you haven’t smoked for over one year, you are likely to obtain cheaper cover if you seek it now.

– A loading which was previously applied may not apply if the policy was underwritten now. You may have lost weight for example.

– If you had mortgage protection (reducing cover) your current level of cover for the remaining term of your mortgage may cost less than your current premium. Continue reading Discounts available for a limited time on Life and Serious Illness Cover →