I've found cheaper cover elsewhere: should I switch?
Compare carefully before switching. A new policy is priced on your current age and health, and may have different definitions, exclusions, premium terms and benefits. A cheaper premium can mean less cover. If you do switch, keep your existing policy until the new one has started and you are happy with it.
What to compare
Cover amount, term, type, definitions, exclusions, whether premiums are guaranteed, added benefits and any existing trust.
Health changes
If your health has changed, the new insurer may add exclusions your current policy does not have.
Get advice
An adviser can compare the policies side by side and explain what you would gain and lose.
This article is general information about UK protection insurance, not personalised financial advice. Policy terms vary between insurers and products, so always check your own policy documents.
Last updated 27 October 2026