Life insurance is one of those things that we hope we never have to use. 

The reason to get life insurance is clear: it leaves a lump behind for your kids if something happens to you. 

But it’s not always clear how to get the lowest cost cover possible. Get your free personalised quotes.

Here are 5 ways you can reduce the cost of your life insurance:

Most people get life insurance so that their kids don’t go broke if something happens to them. 

Choosing the length of time to be insured can bring down your policy costs. 

Say your youngest is 5 years old, you probably want your life insurance to be active until they turn 25, so they have time to start their career and get on their feet.

Choosing a reduced term will drastically reduce the cost of your cover.

Check price of discounted 10-year policy

Check price of discounted 20-year policy.

Smoking, being too overweight, or excessive drinking can increase the cost of your premium. 

People can more than half their premiums by stopping smoking, reducing alcohol consumption and living a healthier lifestyle.

Do not participate in extreme sports, these include activities like base jumping, hangliding, cave diving, parachute jumping, etc. 

By not participating regularly in these activities, you can significantly reduce your policy cost.

The amount of cover you have has a direct impact on your policy price.

The average policy people aim for is around €250,000. But depending on budget, it’s still much better to have €100,000 of coverage than to not be covered at all.

Price check a €150,000 life policy

Price check a €250,000 life policy

This is the most important point of all. 

There are 5 companies in Ireland offering life insurance, and the best way for you to save money on your policy is to get quotes from all 5 providers.

And, by using a free online life insurance quote calculator you will see discounted quotes that are 10–20% cheaper than going direct.