Are You Overpaying for Life Cover?
Your circumstances change over time, but your insurance policy doesn't. Find out if you could get a better deal in under a minute.
Question 1 of 5
When did you take out your current life insurance policy?
Life insurance overpayment quiz guide
WeCovr's overpayment quiz helps UK policyholders check whether their life cover is still competitive, backed by FCA-authorised guidance and 900,000+ policies issued across protection products. It highlights common reasons premiums can be higher than necessary.
What this overpayment quiz assesses
The quiz looks at policy age, changes in lifestyle or health, and whether you compared the market when you bought cover. These factors can affect whether your premium is still competitive.
Results are indicative and designed to encourage a review rather than to replace formal quotes.
Checks for lifestyle changes such as quitting smoking.
Considers policy age and market changes.
Highlights situations where re-broking may help.
Why premiums can change over time
Insurer pricing shifts with market conditions, and personal health can improve. If you stop smoking or reduce weight, you may qualify for better rates.
Why WeCovr helps with policy reviews
WeCovr provides FCA-authorised guidance with high customer satisfaction ratings. We also offer complimentary access to the CalorieHero AI calorie tracking app and discounts when customers take PMI or Life insurance.
Data sources and guidance references
This guide references FCA guidance on insurance advice and typical UK life insurance underwriting practices.
Common reasons for overpayment
| Scenario | Impact | Why it happens | Next step |
|---|---|---|---|
| Quit smoking | Lower premiums | Risk profile improved | Re-shop your cover |
| Older policy | Outdated pricing | Market changes | Compare again |
| No broker review | Missed deals | Limited market view | Get a fresh quote |
Related WeCovr resources
FAQs
Can I switch life insurance providers?
Yes. Many people switch after comparing the market, but you should ensure new cover is in place before cancelling.
Do insurers re-check my health if I switch?
Yes. New applications usually require updated health questions and underwriting.
How often should I review my life insurance?
It is sensible to review after major life events or every few years as pricing changes.
Is the quiz result a guarantee of savings?
No. It is an indicator only. Formal quotes confirm any savings.