Just a qick question :)

missyp123

Hello

Can anybody tell me what the difference is in having a level term life ins policy for 25 yrs or just 5 yrs? (just an example)

I have been doing quotes and have found that a shorter policy is a few pounds cheaper pm (it all adds up ).

Are there any conciquences if you keep taking the shorter policies or if you cancel a policy before its schedualed to end?
My current insurer says i can cancel at any time.

thanks

clear_blu

There are 2 main problems with taking a shorter term policy.
1. You will never be as young as you are today so each time you renew they will charge a higher premuim.
2. You will never be as fit as you are today. You may find that as you get older health become a factor causing premuim increase or in fact making it impossible to get a policy.

missyp123

yes they are factors to consider, definatley.