Over 50 Life Insurance premiums start from under £4 per month and go up to as much as £100. Your monthly payment stays the same throughout the plan. So, if you start a plan for say £10 per month and are still alive after 10 years you will still be paying just £10 per month.

The downside of having fixed premiums is that generally the amount of Life Insurance that these plans pay out is fixed too. We all know that the prices of things we buy go up over time. This means that when these policies pay out the amount you can buy with the pay out will be less than it was when you to took out the plan.