Is the price I get quoted for life insurance the price I get charged?

We are afraid the answer is “it depends”. It isn’t always.

The quotation you receive assumes that you are generally in good health for your age, you do not have an occupation that can represent a risk to your health, your blood-line family does not have a history of ill-health that could be inherited, and you do not follow hazardous pursuits or regularly visit countries with known health problems.

If you have any of the above, then the insurance company will want more information. They may also ask questions if you are asking for a large sum to be insured. This is all fair enough as they need to know what level of risk they are taking on in order to decide whether your initial quote can still apply.

If the insurance company does ask for more details, or even a medical, it is not necessarily as bad as it may seem. Many people who are asked questions or who have a medical (which incidentally, the insurance company pays for) still qualify for the initial quoted price.

To put this process in context, we understand that about 88% of people buying life insurance on the Internet eventually pay the same as their original quote.

We suggest you also read the answer to: - If my policy is “Rated”, what does that mean?

This web site is owned and managed by Alliance Internet Ltd.

Alliance Internet Ltd is an Appointed Representative of Financial Connexions Ltd. Financial Connexions Ltd is authorised and regulated by the Financial Services Authority.