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Since 2006 we have helped 342,312 people compare Protection Insurance quotes.
We would love to do the same for you...

Now’s the time to protect your loved ones - Prices have never been cheaper.

Let's help guide you through the options and find the best deal for your circumstances.

Our quotation service is completely FREE & you are under no obligation to purchase.

Since 2006 we have helped 342,312 people compare Protection Insurance quotes.
We would love to do the same for you...

How can you save money on your existing life insurance or protection policies?

It’s the dilemma that so many of us are experiencing right now; you might already have a life insurance policy or another form of protection insurance such as income protection or critical illness cover, and during a cost-of-living crisis, it’s something you will probably be very thankful to have.

But if you’re struggling to keep on top of your current premiums, what options do you have for lowering your expenditure? Is it just a case of struggling along with your existing policy, or cancelling it altogether?

Tip #1: take another look at your needs from protection insurance

If, like a lot of people recently, you have seen your budget gradually shrink as food and energy costs have climbed, and this is impacting on your ability to keep on paying your premiums on your current protection insurance plan, it could be worth asking yourself whether your needs have changed.

Indeed, this is something that protection insurance policyholders should be doing from time to time anyway,to ensure they aren’t wasting money on coverage they don’t need. So, you might as well take the chance now to look again at how well-matched your policies are to your real-world requirements.

Maybe you took out your income protection or life insurance policy at a time when you had a mortgage still to be paid off, and that loan has now been entirely repaid? Or perhaps you had dependents living with you, who have now grown up and moved out of your home?

These are factors that could impact on the amount of protection you really require, so you could save yourself a decent chunk of money by modifying your existing policy to cover you for less.

Tip #2: see whether you can get a cheaper policy for the same amount of cover

Now, this advice might seem to be venturing into fantasy land. After all, protection insurance products such as life insurance often become more expensive over time for the same amount of cover, rather than less expensive, due to factors like the policyholder’s advancing age and any health conditions they may have developed since their policy started.

But that’s not automatically the case, and there are things you can do to reduce how much you pay for an income protection, critical illness, or life insurance policy, without sacrificing the level of protection you benefit from.

There might, for example, be healthy lifestyle changes that you can make to help make you look like less of a risk to an insurer - think such things as quitting smoking, shedding excess weight, and reducing alcohol intake. If you are able to prove that you have spent a year or more living a healthier lifestyle, your existing insurer might be prepared to lower your premiums.

Then, there is simply the option of seeing whether there are any alternative insurers out there that would be willing to offer you a more competitively priced policy than you presently have, without the need for you to change your level of protection.

Tip #3: give one of our UK expert advisers a call!

Did you know that you can have your existing policies reviewed by a specialist adviser, who might be able to find solutions such as an alternative product that would make sense for your practical needs and your pocket? Give our no-obligation advice and quotation line a call for free now, on 0800 316 6917, to see what could be possible.

Generally speaking, it is better to have at least some protection rather than none at all, so it is a good idea to carefully consider your options, instead of cancelling your existing policy and going without protection. Here at QuoteLifeCover, we are determined to help - and have a track record of doing exactly that for a wide range of protection insurance policyholders up and down the UK.

Personal Service

We have tracked down the very best protection insurance advisers in the UK to ensure you have access to best advice and the best products from the leading insurers.

Instead of pushy sales people, our advisers offer a more personalised service to guide you through the process and ensure you enjoy lasting peace of mind by making an informed choice.

Get Insured within 20 Minutes

It is possible to be protected with a life insurance or critical illness policy within 20 minutes provided the insurer does not require a GP report or medical.

A GP report or medical is normally required for large amounts of cover (over £400,000), or if your BMI is over 30, or you have any significant ongoing or past medical issues, or if you are involved in dangerous job or high risk hobby.

Calculate Your Cover

Find out how much cover you might need by using our simple online calculator. It will take into account your outstanding mortgage, any loans or credit cards, your monthly income and how many children you have.

Ultimately the right amount of cover is often a balance between what might be an ideal figure and what you can sensibly afford.

Calculate your cover here

Personal Service

We have tracked down the very best protection insurance advisers in the UK to ensure you have access to best advice and the best products from the leading insurers.

Instead of pushy sales people, our advisers offer a more personalised service to guide you through the process and ensure you enjoy lasting peace of mind by making an informed choice.

Read What Our Customers Think of Us

Five Stars (4.9)

Great communication, help and guidance.

All my questions were answered, as I know little on how life cover, critical illness and terminal insurance policies work.

I was given good independent advise, so I could confidently make my choice on what was right for me.

- Denise

Clear, friendly, efficient and prompt service.

No nonsense, no jargon, just clear and informative guidance. Very quick with results which did not disappoint. Delighted with my deal which was a third cheaper than my own bank offered me and I didn’t do any of the legwork. More than happy to recommend.

- Ms Shannon

I found the customer service representative very polite and informative and helpful.

I wished some information on life insurance for a mortgage I have applied for.

All in all the process was very useful and informative and the representative was very helpful and polite. I would recommend this online service to anyone who is looking for life cover.

- Mrs Severn

Very good professional service.

I was impressed by the quality of service by the advisor who dealt with my request. He has carefully listened to my requirements, asked a few relevant questions and has provided me with the option which suited my needs in the best possible way. I have really admired his flexible approach and fantastic customer skills.

- Mrs Cookson

Professional and no-nonsense approach.

Very thorough yet friendly service. Good contact and information one can understand.

- Heather Cronley

A professional customer centric company with the client at the heart of the transaction.

The advisor put me at the heart of the transaction, was professional, gave realistic opinions and suggestions offering me choices in clear terms which I understood.

- Andrew Hughes

Outstanding service and knowledgeable customer service rep.

I received a call as promised in my email. Marie Bedding was very knowledgeable in her subject matter, she took some basic details and was very polite and courteous in her manner.

Marie was very sensitive when discussing personal circumstances and listened carefully and showed compassion to my details. Marie then said ‘leave it with me and ill get back to you’, within 20 minutes Marie was back on the phone with the quotes as promised and gave me a selection of options to chose from.

Marie did not pressure me with the ‘Hard Sell’, I needed time to discuss the options with my partner, Marie kindly emailed me all the details and left it in my hands to contact her once I had made a decision and if I would like to go ahead with the policy.

I cannot fault this service and the professionalism I received.

- N Marsden

Excellent Service.

Great service, easy to understand terminology. Everything explained and documented by adviser. Thank you.

- Glenda

The quotation service is provided by an FCA-authorised insurance specialist

Promoted Premiums for 35 year old male (non-smoker) on a 25 year term - September 2022*
Life Insurance: £5/month = £65,371 sum insured
Critical Illness Cover: £10/month = £27,546 sum insured
Combined Life & Critical Illness Cover: £10/month = £25,230 sum insured

 

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