Why can’t Freddos be like life insurance? It’s probably a question that’s never been asked beforebut it demonstrates a key benefit of life insurance. The frog shaped chocolates are notorious for being a fun way to track how expensive everything is these days. Life insurance, however, can have a fixed price for the entire term. This is remarkable when you consider a life insurance term can last decades.
The numbers behind the headlines
A monthly premium can start from as little as £10*. That’s about 28 & ½ Freddos at the current RRP of 35p. But Freddos used to be 15p in 2010. They’ve increased by 133% in just that time.
When the price of everyday goods is rising it’s important that you get the best value from every purchase, especially something that your family would use to support themselves if you passed away.
Why life insurance is such a good deal
If there was a scale for value for money, life insurance would be at the great value end. When you take it out until the term ends decades later you will pay the same price for it. Your monthly premium that you agreed to at the start of your policy will continue to be the same for the duration of it.
While a Freddo can be enjoyed for just a few bites, life insurance offers long term peace of mind by paying out a tax-free sum if you pass away during the term.
This sum can be used by your family to make sure they can keep living in their home, afford living expenses without your income or used to pay for any other expenses.
At the opposite end of the value of money scale there’s the Freddo. Once a cheap, sweet treat, now it’s used as a way to show how much inflation bites.
How to get the best value
While life insurance policies stay the same price it’s important to lock in the best pricewhile you are young and healthy rather than leave it and have to deal with more expensive prices due to possibly developing conditions and illnesses.
Using IGotCover is the best way to get the right cover for you at the best price. Our insurance experts use their experience to compare the leading life insurance providers in the UK to get a policy that protects your family.
Life insurance providers also offer a range of benefits and discounts like physiotherapy, 24/7 remote GP access and wellbeing support services, when you take out a policy. IGotCover’s life insurance experts can help you understand what each provider offers and what benefits would suit you the most. recruitment of a replacement, cover temporary revenue loss and reassure staff and clients that the business is secure.
Conclusion
Life insurance provides long term peace of mind for you and your family peace of mind. It can make sure there would be no financial struggle to pay for things if you were to pass away, your family could continue to afford living in the same home, it could afford to pay for childcare and education expenses.
Getting life insurance while you’re young and healthy can keep monthly premiums low for the entirety of your term and avoid higher prices if you were to develop any conditions or illnesses that could potentially happen if you were to take out a policy at a later date.
When the cost of everything else keeps rising, isn’t it reassuring that some things can stay the same.
Do you think more people would take life insurance seriously if it was framed like this?
*Based off a 25 year old, non-smoker, with £200,000 worth of cover, for 43 years
