Why are so many people without life insurance?

Don’t have a life insurance policy? Don’t worry, you’re not the only one.

In this article, we’ve debunked 3 main misconceptions that put people off getting life insurance cover.

1. Life insurance policies are too expensive

 A life insurance policy is often an affordable way to protect your family. However, many people think it’s too expensive. The truth is that you can often find affordable life insurance by comparing different providers. Just take a look at the table below.

When you apply for life insurance, you have two options to help you determine the cost of your cover. You can decide how much you want to pay each month, which combined with the length of your policy and the type of insurance, can give you a projected pay-out. Alternatively, you can decide how much you want your policy to pay-out. In either case, the insurer will work out what your monthly premiums may be.

There’s no fixed price when it comes to life insurance as everyone’s circumstances are completely different. So, you need to assess your personal needs to get a life insurance price estimate.

Use our online calculator to help you get a better understanding of how much cover you might need.

2. Taking out life insurance is too complicated

People often think that applying for life insurance is too confusing and time-consuming. But it’s quite simple – you pay a monthly premium and if you pass away during the policy term, your loved ones will receive a lump sum pay-out.

The price of your life insurance can vary depending on your health, lifestyle and the provider you choose. Don’t worry; our friendly, professional life insurance agents can talk you through each step of the process.

It takes only a few short minutes to get the ball rolling with an application. With a few simple details and some basic health questions, you could receive a quote straight away.

We’ll explain your options in simple terms, because we want to save you time, not take up more of it. You can even request a call back at a time that suits you, so we don’t interrupt your day, or use our online quote form.

3. Too young to consider life insurance yet

A common misconception when it comes to life cover is that only older people need it. Generally speaking, young adults are in the best position when it comes to buying life insurance.

The price of life insurance often increases as you get older, because the risk of health conditions increases. Taking out a policy when you’re younger can also put your mind at ease, knowing your future is protected no matter what life may throw at you.

If you are a little bit older and didn’t take out insurance when you were young, don’t worry, we can also help you find great cover at the right price.

At Caspian Insurance, we offer a helping hand at every step of the way, with specialist advice and guidance. By putting you first, we can make sure we find the best outcome for you and your loved ones.

Get in touch today to find out more and receive an obligation-free Life Insurance quote.


 * The quotes above are based on the following assumptions: healthy, non-smoker and with a non-hazardous job/lifestyle. Quoted for £193,500 level term cover over a period of 25 years using AIG Life Start Term Assurance policy and the cover is subject to the chosen insurer’s full underwriting process.