Sandeep Behl
Development Officer, LIC


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The main thing to remember with. If you're in the middle years, you can still get a plan. Term policies are just that, they have a designated end to them. People often think they are too old or too young for UK life insurance, when in fact, age doesn't really matter. Which is something to bare in mind.

If you're just starting out, now is the time to get involved with a good policy. But remember, if you don't have a policy at all, your family can be stuck with all of your bills and also the cost of burial. You'll have to research to find the best policy for your age, the older you get, the more expensive it becomes. Basically you can choose a ten, fifteen or twenty year policy and know that when you pass on, your family will have a lump sum to help them through the hard times. It's a well known fact that the older you get the closer you are to the end of your life and because of that, life policies can be more expensive the older you are.

In fact, if you start before the age of 30 with a term policy you'll have it paid off, rather cheaply I might add, by the time you're fifty.