Many of us are feeling the pinch of rising costs as prices seem to be spiralling everywhere. Whether it’s your groceries, energy bills, rent or mortgage, inflation is high and there’s no escaping it. When it comes to life insurance, many people choose to take out cover that’s age-rated. That means the cost of cover increases every year as you get older. This may explain why you just got a letter from your insurer about your price increasing. You can read more about why, here.
That doesn’t stop the thought or the feeling that it’s expensive or even wonder what you can do to control or reduce the cost of your life insurance. Read on to learn more about this and to consider what changes you could make, to make your life insurance affordable to your budget.