LifePolicyFactsA fair comparison
Policies with different amounts are hard to compare by monthly price alone. Dividing the annual premium by the cover in thousands gives a common yardstick.
Example
A 45 premium for 500,000 of cover is 540 a year, or 1.08 per 1,000, and 10,800 over a 20-year term.
Frequently asked questions
Is lower always better?
Not necessarily. Check the insurer, exclusions, conversion rights and whether the premium is level.
Does it include fees?
Only if you include them in the premium you enter.
FA
Written and reviewed by Fawad Alam, Founder and Editor. Last updated October 2026. How we write.