Like any personal insurance policy, the cost of relevant life insurance premiums are dependent on the personal lifestyle factors of the individual, and the level of cover you want to take out.
The typical lifestyle factors: age, lifestyle, health and pre-existing conditions will impact the cost of premiums.
Relevant Life Cover plans also typically take into account the annual salary of the relevant employee and use a multiple of that annual salary to calculate the cost.
For example, 10 times the employee’s annual salary of £40,000 who is aged 25,35 and 45 who is a non-smoker and in good health.
Example cover cost 1 £8.96pm
Example cover cost 2 £13.84pm
Example cover cost 3 £27.89pm