Ways to cut the cost of life insurance have been offered byfinance website The Thrifty Scot.The website lists a number of types of cover, noting that term life insurance is the cheapest as it lasts for a specific length of time.
However, it cannot be purchased by someone with serious health problems.
Permanent life cover can offer benefits while the holder is alive, as s/he can draw off it and invest it for personal needs.
The site explains
that getting a rider on an existing policy can save money if you decide you need a second one.
Buying life insurance when young allows the option of locking in a level premium, which will not increase as you age.
Insurance provider Churchill recently apologised after a viewer of its television advert complained it was misleading, the Guardian reports.
While the advert said it was possible to make a claim without filling in forms, about 20 per cent of claimants do have to complete a declaration form or statement.
The Advertising Standards Agency said it was concerned that Churchill was not giving full information about adverts when they are submitted for clearance.
Buying life insurance when young allows the option of locking in a level premium, which will not increase as you age.
Insurance provider Churchill recently apologised after a viewer of its television advert complained it was misleading, the Guardian reports.
While the advert said it was possible to make a claim without filling in forms, about 20 per cent of claimants do have to complete a declaration form or statement.
The Advertising Standards Agency said it was concerned that Churchill was not giving full information about adverts when they are submitted for clearance.
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