Changes in the law mean that women are no longer entitled to cheaper life insurance than men. Make sure you've got yours sorted before the price goes up next month.
For a long time the price of life insurance has actually been going down. For years women got lower rates than men because statistically they live longer.
Unfortunately the EU gender directive is about to change that.
From the 21st December women can no longer be charged less than men just because they are women. This means it could cost us up to 15% more for our life insurance if we wait until 21st December to take it out.
Act fast
If you want to beat the price hike, life insurance firms are offering fixed-premium plans that are unlikely to rise after the ruling comes in. But act fast, as sometimes insurers need to get further information from your GP.
Local independent financial adviser Dylan Davies can help you understand the new legislation and get your finances in order.
"Dealing with financial matters can be complicated in this day and age with thousands of products available, not to mention confusing terminology," explains Dylan who works through 2plan wealth management Ltd. "As your independent financial adviser I can help you make sense of it all and work to achieve your personal financial goals."
Dylan has been a financial adviser for five years and is qualified to diploma status which means that he has a achieved the required standards to perform in financial services come 2013 when the industry changes under the Retail Distribution Review (RDR) come into effect.
Bespoke service
"I am a dedicated professional offering a bespoke service for my clients," says Dylan. "I am able to source products and funds from the whole of the market and build long lasting professional, trusted relationships with clients ensuring that I treat my customers fairly."
So if you're thinking about taking out life insurance there really is no time like the present. Talk to Dylan and ask him to help you identify your individual protection needs and guide you through the various types of cover available to make sure you get the right cover at the right price.
Find out more about Dylan Davies and read Local Mums' reviews
Contact Dylan:
Dylan Davies
Independent Financial Adviser
2plan wealth management Ltd
FSA No DRD01045
Mob: 07738121530
Email: dylan.davies@2plan.com
www.dylandavies.2plan.com
2plan wealth management Ltd is authorised and regulated by the Financial Services Authority. It is entered on the FSA register (www.fsa.gov.uk) under reference 461598.