Life insurers
Life insurers use similar information to determine what risk you are, but they offer different rates. By acquiring many quotes from life insurers can result in savings. If you take out a policy when you are young you will ultimately pay less.
The cost of premiums is worked out according to the level of risk you are to the life insurer. Young policyholders are said to be healthier then older policyholders and are then a lesser risk to the insurer. This then means that premiums are lower for younger policyholders and will remain lower over the course of the policy.
Top life insurers in the UK – http://www.moneysupermarket.com/LifeInsurance/uk-life-insurance.aspx
Life insurance premiums go up every year, the lower your current premium the lower the increase.
Forward planning is important, so even if you don’t have dependents right now, but may in the future then taking out life insurance when your young prepares for this.
Life insurers vary from country to country so some of the names of the companies might not be familiar.
The longer you wait to take out life insurance, the more risk you are of not qualifying for it. If something unfortunate happens like contracting a dreaded disease or becoming disabled before you take out life insurance, you may be charged extremely high premiums.