How to get the best deal on term life insurance

When shopping, you have to be a bit savvy to look for the best deals. When you go to the grocery, you can make use of discount coupons to whittle away a bit from your total food expenses. When you buy clothes, you can look into discount shops to get cheaper clothes without compromising the quality of these clothes.

The same goes for buying term life insurance. You should take note of how you can make the most of the opportunities given the features available in a term life insurance policy.

Here are some ways that can help you save up when you buy term life insurance:

Just don’t!

Premium savings strategy that just might backfire:

  • Don’t lie. Misrepresenting the facts in your application can mean that your beneficiaries’ claim is denied.
  • Don’t settle for less. Don’t buy term life cover with a Sum insured that is lower than what you know your family needs. (Read How much life cover do I need to know the right amount for your needs.)

Updated on: 05.06.2013

To secure your family's future, fill in the form on the right and get your term life insurance quote now.

Types of insurance:
Term life insurance 101:
Life insurers:
*Scottish Provident 2012 life cover claims paid report.