Expert advice on Life Insurance, Mortgages and Wills in Northern Ireland
Covering counties Antrim, Down, Armagh, Derry-Londonderry, Fermanagh and Tyrone
Call our Newry office for 'No obligation' advice on 02830 252455
 Life Insurance call us now 028 30252455 lines open Mon to Fri 8.30am-8pm Sat 9-5pm
Life Insurance Costs

Life insurance costs vary from person to person based on your circumstances ie smoker/non smoker, male/female, age, medical history and if you take part in any dangerous pastimes such as motor sports or deep sea diving.

Who gets the cheapest life insurance a man or a woman?
Like for like life insurance in general will be cheapest for a woman than it is for a man. The reason for this is that statistically a woman is less likely to die during a specified term than a man, given similar circumstances, therefore the woman will normally be cheapest.

Who gets the cheapest life insurance a smoker or a non smoker?
There is a considerable difference in cost between life assurance premiums for smokers and non smokers. You will find that a non smoker will always be cheapest, the reason for this is that statistically a non smoker is less likely to die during the term of the policy and so as a result the non smoker will always be cheapest . If you were once a smoker but have now stopped for a period of 12 months or more you can apply or re apply for new life insurance as a non smoker and have access to the cheaper rate.

Which is the cheapest Life Insurance Term Insurance or Whole of Life Insurance?
The cost difference between term insurance and whole of life insurance is considerable. Term insurance will always be cheapest, the reason for this is that you are insuring against an event (death or terminal illness) that may or may not happen within a specified time frame (the term) so the insurer may or may not have to pay out. With whole of life insurance it is guaranteed that the insurer will pay out as you are insured over your whole life as opposed to a specified term and for this reason you will find that term insurance is cheapest.  

Give us a call today and see if we can help with a review of your life insurance arrangements!

Sugar Island Financial Advice are your local life insurance experts here in Northern Ireland covering counties Down, Armagh, Antrim, Derry-Londonderry, Fermanagh or Tyrone. We are right here on your doorstep and can provide life insurance designed to meet the specific needs of you and or your family.

Call us now for a quote No obligation 028 30252455 
Call us now  our lines are open Mon to Fri Between 8.30am and 8.00pm, Sat 9.00-5.00pm and Sun 9.00am-1pm or click the Quick Quote' life insurance button opposite we’d love to hear from you!


The information on this website is subject to the UK regulatory regime and therefore targeted at consumers based in the UK.