Life insurance continues to see a price war between insurers with a continued fall in premiums, and consumers could be wasting thousands of pounds by not reviewing their policies, advises LifeSearch.
Remember - the difference between the cheapest and most expensive products can be significant, especially when multiplied over the term of a policy. It can save you thousands of pounds.
Remember - if you have given up smoking for over 12 months, it is worth considering whether you can potentially save hundreds of pounds with a cheaper premium. Although a cheaper premium is not certain, because it is dependent on age and health, nonetheless there is a very good chance that the premium will fall.
Matt Morris of LifeSearch says: "It is important to remember that price should not be the only consideration when choosing and you should look for the policy that offers the best value for money. This means looking at the product which most suits individual circumstances and offers additional benefits."