A quick checklist - shopping around for a life insurance policy

We understand there can be a lot to think about when you are shopping around for the right life insurance policy, so we've put together a quick checklist.

You can simply print it off and keep it with you as a cheat sheet - to make sure you have the answers to all the right questions before you buy!

• Have you properly calculated how much cover you need?
• Have you properly calculated how long you need cover in place for?
• Have you taken account of any existing life assurance plans when working out how much cover you need?
• Have you reviewed the cost of any existing plans, to see if you can get the same level of cover at a lower cost now?
• Have you considered 2 single life plans instead of 1 joint plan if you are covering your own and your partners life?
• Have you received more than one quote for the amount of cover you need from a number of different providers?
• Have you established whether the premiums quoted for the life assurance plan you need are guaranteed or reviewable?
• Have you considered whether or not the benefits payable in the event of death need to increase with inflation?
• Have you considered critical illness cover to go alongside the life assurance plan you are researching?
• Have you received and read the "personal illustration" document to review before committing to a new policy?
• Have you received and read the "Key Features" document to review before committing to a new policy?
  

Next: A quick checklist for shopping around (continued)