Life insurance premium savings example
Calculation of typical savings over the life of a policy when comparing the average rate on the market with the best rate.
The average annual life insurance premium €550. This is an average based on a broad range of customers from basic mortgage protection to term insurance.
The typical savings by choosing the cheapest insurer in the market compared to the average rate on the market is 6%.This equates to €33 per annum and with an average insurance term of 30 years a typical savings of approx €1,000 is achieved.
Please note that savings are much higher when comparing the cheapest and the dearest!
