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10 Reasons To Use A Life Insurance Broker

life insurance broker

What Is A Life Insurance Broker?

A life insurance broker searches all of the life insurance companies to find the right insurance quote for you. Some brokers are tied to preferred insurance companies, however Life Insurance Cover searches all of the insurance companies to compares life insurance quotes on your behalf. By using a UK based life Insurance Broker, you can be safe in the knowledge that they are regulated by the FCA and not just a marketing company.

At Life Insurance Cover we do not charge a fee to our customers to get insurance protection.

What Can A Life Insurance Broker Do For Me?

Not only do we find and compare the best life insurance quotes to find you the best protection. But our experienced team of specialist advisors will also guide you through the entire process, from application to complete protection. A Life Insurance broker will always assist throughout the process of applying for life cover. They will also fully explain the details and answer any questions you may have.

Detailed below, we have compiled a list of 10 reasons why we believe using a life insurance broker is the best way to find the perfect policy for you.

  1. Saving You Money On Life Insurance
  2. Making Life Insurance Applications Easy
  3. No Life Insurance Jargon
  4. Providing The Right Information
  5. Saving You Time
  6. Peace Of Mind For You
  7. Making A Life Insurance Claim
  8. FCA Registered Life Insurance Broker
  9. An Insurance Broker Works For You
  10. Creating A Long Term Relationship

Saving You Money On Life Insurance

We would all like to get exactly what we need and what we pay for. Or even a better level of protection for a better monthly cost.

Is buying insurance cheaper through a Life Insurance Broker?

As Life insurance brokers search the market for you, instead of just one insurance provider, it will help to secure the most suitable protection cover. As well as saving you money per month, which will allow you to protect your family for the future.

At Life Insurance Cover, we do not charge a fee for the services we provide to the general public and there’s no obligation to take out a policy after obtaining your free quote. As a whole of market Life Insurance Broker, we pride ourselves on offering the right level of protection at the best possible cost.

What’s the Catch?, how do life insurance brokers get paid?

At Life Insurance Cover we are completely transparent in how we receive payment and who from. Our Life insurance providers pay commission to us as a Life Insurance Broker on the sales of policies bought by our customers. This is why many insurers would rather that you go directly to them and they may encourage this by offering a free gift.

But by doing this, you are likely to miss out on the very best deals being offered by other providers.

At Life Insurance Cover we always compare quotes for you, as the cost of premiums can vary significantly for the same level of cover. We also encourage our customers to think about the level of protection they may need.

Making Life Insurance Applications Easy

As most people know, banks and building society’s sell life insurance alongside the many other products they may offer. Even some mainstream retailers now offer Life Insurance policies as well. Which makes the whole process even more confusing when you try and search the market and are presented with hundreds of options.

By going directly to a bank, mortgage provider or supermarket will not guarantee cheaper premiums either. As many are restricted to what they can offer to you, which can cause frustration and confusion while looking for insurance.

A UK based Life Insurance Broker is able to do all the hard work for you, comparing different policy types and levels of protection from a wide range of insurers. At Life Insurance Cover we will match your needs to one of the many Life Insurance Companies available and not make assumptions, which other providers may make.

This will enables us to filter your search and only get Life Insurance Quotes from companies who will benefit you. This allows you to focus on the type of policies that best meet the needs of you and your family.

life insurance broker 2

No Life Insurance Jargon

We explain without using jargon, would you know the difference between a level and decreasing term insurance policy?

Or how about the difference between life assurance and life insurance?

Understanding the terminology exactly can make the difference between getting what you need, rather than what you thought you bought. Not only for stress free peace of mind, but also to make sure your Life Insurance policy is valid and protects you.

By using a Life Insurance Broker means you can speak to a real person who can remove the smoke and mirrors. Making sure that everyone understands exactly what a policy can and cannot do.

At Life Insurance Cover we are defined as a non-advised brokerage. This means that we do not provide life insurance advice or advise on which specific policy you should buy. This gives you the control on which policy you choose, without a pushy sales person.

At Life Insurance Cover we always provide all of the information from an insurance provider to our customers and identify a number of suitable options, allowing you to make the best informed decision.

Providing The Right Information

A good Life Insurance Broker can provide you with a full and clear understanding of the many different life insurance policies available to you. By explaining the complete process of taking out a new life insurance policy, paying your monthly premiums and how to make a claim. Our expert team have the knowledge and experience required to help.

It is unlikely that you will be familiar with all of the processes when it comes to Life Insurance Cover. This is why our team of experts can be really helpful, our team can help you with many other things to do with Life Insurance including putting your Life Insurance into a trust.

Most people are not aware of the benefits of putting Life Insurance policy in trust. Which help you to minimise the inheritance tax threshold? It will also speed up probate for a faster pay out.

Saving You Time

Whether you’re a stay-at-home parent, working a full-time job or retired. One of the many things we learn as we get older is, time is precious. Can you tell straight from memory, the last time you had to complete a complicated form? Without having to re do everything after making a mistake or the wrong coloured pen.

As a Life Insurance Broker, We complete the life insurance application for you over the phone. Taking away the stress and making sure it’s all correct. Giving you more time to do the things you want to with your family and friends.

Peace Of Mind For You

When you are thinking about taking out life insurance protection, it’s your family and their long future stability you’re planning for. This will give you the peace of mind for the future of your loved ones. A good Insurance Broker will help you find the best protection for your family’s future, by ensuring that you know the type of policy you have and what it will do in the future.

Our extensive experience at Life Insurance Cover has taught us about all of the many mistakes people can make when either buying the wrong protection or any potential shortfalls. We do ask all the appropriate questions to make sure that your Life Insurance Quote, is for the right product and that your cover is suitable and valid.

By using our services we offer the peace of mind that your family is fully protected if you’re no longer there to look after them financially.

Making A Life Insurance Claim

When the time comes for a loved one to claim on your life insurance, a good UK based Insurance Broker will help you and deal with your insurer directly. This will make the process as easy as possible. At a time when your family will be suffering emotionally, having the support of an Insurance Broker like Life Insurance Cover to help your family through the claims process is one less thing for you to worry about.

FCA Registered Life Insurance Broker

Many will have seen adverts on social media for Life Insurance, some are from Insurance Brokers like Life Insurance Cover. Some however are from marketing companies who do not have FCA accreditation. This means that any potential customer could be risking the protection that they are seeking. A good Insurance Broker should be represented by the Financial Conduct Authority (FCA). This means that if the broker or your insurer cease trading, you won’t lose out financially and would be protected.

At Life Insurance Cover we are proud to be FCA registered.

An Insurance Broker Works For You

It is important to remember, a Life Insurance Broker works for you, the customer, not an insurance provider. Always finding the best level of protection for their customers and ensuring it remains within an agreed budget.

Another important point to remember, is that we never charge a fee for our service. (Although, some brokers do charge). We believe a good Life Insurance Broker should always represent the customer’s best interests and be focused on your needs.

Creating A Long Term Relationship

As Life Insurance protection is a long term policy, we take the time to get to know our customers through the many years ahead. A good Life Insurance Broker will want to a build long-lasting relationship with you. This gives you the reassurance that they care for you and your family.

The benefits of using an Insurance Broker are often overlooked as technology advances, however a good Life Insurance Broker will be able to find protection for you. Usually policies which the general public does not have access to.

Everyone’s circumstances are different, some people may think they cannot get Life Insurance protection because of a medical condition, which many marketing companies and comparison sites do not search for. At Life Insurance Cover we search all of the providers for Life Insurance including Diabetes, Cancer, Smokers and many more.

Is It Better To Use An Insurance Broker?

Whether it’s better to choose an Life Insurance Broker, will depend on your personal choice and circumstances. But, buying Life Insurance protection is very different from other types of insurance, such as home, car, pet or gadget cover.

It does require a lot more consideration as Life Insurance is a long term protection policy, rather than just a 12 month policy. So using an online automated comparison site may not give you the answers to questions you may have.

Why Choose Life Insurance Cover As Your Broker?

Our quote service is free of charge and without obligation

UK based team of specialist advisors

We’re independent and don’t have preferred insurers

FCA registered service

We treat our customers like family