Should you change your cover or switch providers?
Changing life insurance should be seen as something positive.
You look for the best cover for your car every year so why wouldn’t you look for the best cover for your life?
Life insurance doesn’t have to be difficult and we are always here to help navigate through the thousands of options to find you the best deal on the market to suit you.
We have decided to compile some of the reasons why you may want to switch, decrease, or even increase your current cover and how you would go on to do so.
Changing Life Insurance – Should I Switch?
Changing life insurance can sound like a daunting task. But it’s a good idea to regularly review your life insurance policy to make sure it still fits your needs.
Switching to a cheaper cover or a different provider could be the difference between affordable premiums and your current policy.
Here are some reasons why you may want to decrease your insurance or switch altogether.
How do you increase life insurance?
Your mortgage is normally the biggest financial commitment. Your policy should cover this cost should you pass away.
Any loans or credit you have should also be taken care of by your cover.
These could severely impact your loved one’s livelihood if they were not able to pay for them.
Childcare can be expensive and the burden of providing financially will be enormous should it be left to a single parent.