As with all types of insurance, there are a number of ways to reduce the cost of your initial insurance quote.  The first place to start is by obtaining a number of quotations, either from contacting individual insurance providers directly, by visiting an insurance comparison website, or by contacting an insurance adviser.  By comparing several quotes, you will be able to choose the best price.  It may also be possible to contact your existing or preferred insurance provider and ask them to match the lowest quote you have found.

Life insurance is essential when you take out a mortgage and the mortgage lender will most likely offer you their life cover.  However, this may not be the most cost effective option for you and you are not obliged to accept the policy provided by your mortgage lender. 

Another way to reduce costs is to take out a joint policy with your partner.  This is a viable option if you are both in similar health; however, if you have quite different medical circumstances then it would makes more sense to have separate life insurance.

The simplest way to reduce the cost of your life insurance is to improve your health as much as possible.  It may not be possible to change existing medical conditions however you can improve your overall health by maintaining a healthy weight, reducing alcohol intake, taking regular exercise and quitting smoking if applicable.

Always remember that the cheapest quote is not necessarily the best option, as you need to be certain you have appropriate cover.