Customers are being urged to take advantage of a price war that has ensued among life insurance companies in recent times.
Lifesearch has highlighted the slashing of life insurance prices, with the cost of cover having fallen over 40 per cent in the last five years.
Further figures show that life insurance rates fell by up to 9 per cent between March and September 2007.
Matt Morris, a Lifesearch policy advisor, explained: “There are a number of actions that customers can take in the new year to freshen up their finances and save a bit of money.
"Don’t wait until New Year’s Day 2009 comes round before you start thinking about this again.
"However, it is important to remember that price should not be the only consideration when choosing a protection product and customers should look at the policy that offers the best value for money."
Those who have given up smoking for 12 months have also been reminded that they could potentially save hundreds of pounds by re-brokering their policies.
source:http://www.thriftyscot.co.uk/news/122007/take-advantage-of-life-insurance-price-war.html
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