How much will the premiums cost?

The cost of your premiums depends on a number of varying factors - namely the level of cover you need, the amount of time you want to be insured for, and whether the Insurance Company thinks you might make a claim. They will base your 'risk' of making a claim on your age, sex, job, health record and lifestyle.

When you request a quotation from an insurance company, they make assumptions about you - for example they assume you have a good health record, and that you are not at above average risk of death or injury in your job or pastimes.

So if you like a quotation and want to proceed, you need to complete a more detailed Application form. With the brokers we work with you can do all this over the phone, it doesn't take long.

Using your full details the Insurance Company will decide how much risk you represent using Actuarial tables and a great deal of experience. If they decide that you represent a higher risk than they initially assumed with the first quotation, then they will charge a higher premium - this is known as ‘Rating’ your premium.

The vast majority of people pay the same premium they were initially quoted, so it's nothing to worry about.