Life Insurance for Single People

You are young and healthy

The premium you pay each month for life insurance is highly dependent on your age and your health, the younger and healthier you are the less you will pay. For example, if you were to take out a £400,000 life insurance policy at the age of 30 and have a non-smoker status with no health complications, it could cost as little as £11.24 a month (L&G March 2017). By waiting to take out a policy later in life you run the risk of it being a much greater cost, especially if any health issues arise.

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