It is always a good idea to review your Life Insurance policy every couple of years to make sure your cover still reflects you and/or your family’s needs. Plus – you could save yourself some £££!
Is your coverage still aligned with your needs?
Many people will take Life Insurance when they purchase their first home, it is likely that the commitment will change at some point. You may move into a larger home with a higher mortgage, you may have extended your mortgage term or you may be in the position to reduce your cover if you have paid off more of your mortgage than you were expecting to be able to.
Another common reason to review a Life Insurance policy is the change in your family situation. If you originally took out a policy to cover your first home you may wish to review this one you have had your first child to ensure they are financially protected should the worst happen. Alternatively, your family may be growing and you need to review the Sum Insured to make sure there is adequate cover to spread amongst your children.
Health & Lifestyle
Since you took out your original Life Insurance policy your health and/or lifestyle may have changed. The number of people quitting smoking is on the increase and this makes a significant change in your Life Insurance premiums. You may have lost a substantial amount of weight, which again would reduce your monthly premiums moving forward.
Are you getting the best price available for the correct level of cover to suit you? Many it seems (having reviewed several policies in 2015) are paying more than they should for less cover. If you have a Life Insurance policy – that is great, however it really is a good idea to review it every couple of years to ensure the best price along with the best cover to suit you and/or your family.
What Some of Our Clients Say
“Switched from an existing provider to J2M. Highly professional throughout the whole process along with a very competitive package – very pleased! Thank you again all at J2M”
“I recently decided to change my life insurance provider as the premiums I had been paying I felt were high. I spoke to Mel who went through what cover I needed got all my details and then got me a fantastic deal with a big name insurer, I saved money AND the level of cover was better as well. Couldn’t be happier with the service the explanations of cover and the overall service. I will definitely use J2M in the future as well as recommending them to my family and friends. It never hurts to get a quote, you may end up getting a better deal – I did!”
“J2M assisted me with my Critical Illness Cover. The process was prompt with Robyn and the team assisting me with any questions I had. Fantastic Service and would definitely recommend to friends and family.”