Published on October 23rd, 2017 | by admin


6 Reasons Why You Should Use a Life Insurance Broker

Why use a life insurance broker? Won’t they add their fee onto the cost of the policy? Don’t they encourage you to use their preferred insurer to maximise commission?

In reality this is not the case at all and the sector is heavily regulated in the UK by the Financial Conduct Authority (FCA)

If you choose the right broker, there are many added benefits for us consumers. Let’s run through some of the main advantages, so that you can secure the best life cover, at the right price.

1) Cost

No one wants to pay more than they have to, especially for life insurance.

If you use a reputable life insurance broker, like Reassured, you will not be charged a fee. There is also no obligation to take out a policy through them, once the process has started.

A good broker will simply listen to your individual requirements and unique circumstances, search the market on your behalf, before securing you the most suitable cover, at the most affordable price.

2) Knowledge

Because life insurance brokers deal with many different policies and products day in and day out, they have extensive knowledge of this ever changing marketplace.

In 2017 there are so many policy options available, from critical illness and mortgage protection, to family income benefit and over 50s policies – for the average consumer this can become pretty confusing.

Brokers who specialise in life insurance have experience in arranging comprehensive cover, specifically to meet your requirements. Why not take advantage of their knowledge, for your benefit?

3) Speed

Have you ever tried to fill out a life insurance application form? The process can be very lengthy and somewhat overwhelming. There can also be questions on the forms which many of us (me included) don’t fully understand.

Why not let a broker do the hard work on your behalf over the telephone? After all, there are better things to do with your time.

4) Choice

Brokers are very aware of all the different insurance products available, as well as the common issues applicants regularly experience.

This means they are best placed to identify multiple policies, that meet your budget and your specific needs – offering you the consumer choice!

5) Peace of mind

A good broker will ensure all your key questions are answered. They are also fully aware of common pitfalls.

They can help explain industry jargon and what different terms actually mean for you in practice.

When it comes to making a claim most brokers can also help you with the process, ensuring you have a single point of contact.

6) They work for you

Remember, a life insurance broker works for you, the customer, and not insurance companies. Work this to your advantage and make sure you secure the best life insurance cover today, to provide financial protection for your family and loved ones.

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