Life Insurance Policies Are Expensive

Breaking the myth: Life Insurance policies are expensive

A survey on life insurance policies has revealed that most consumers feel that policies of Life Insurance are costly without even checking the facts if they are actually expensive in real terms. Among the people who took the poll, about 65 per cent of them have miscalculated the premium for a policy of £150,000. All the people were of the opinion that the premium would be more than what it was and therefore many decided not to take any cover. The high premium rate was the main factor behind declining the insurance policy. According to a life insurance expert, insurance premiums can start from as low as £6 per month which families even with relatively less income can afford. Only a little more than 30% of the Britons have opted for life insurance policy even in the absence of a good economy and increasing funeral costs.

Leave a Reply