What Does a Life Insurance Broker Do?

So what does a life insurance broker do exactly?

Gone are the days of having to invite a pushy insurance broker into your home to arrange your insurance.

Over the last few years life insurance has become more accessible than ever, allowing you to purchase your insurance over the phone, online or via post.

It is recommended speaking to a broker over the phone, as Insurance brokers can help you to find the best life insurance deals for your needs. They are there to ensure that you don’t pay any more than you have to for a life insurance policy and that you don’t make any mistakes when you are sorting out the details of the policy.

There are two main types of insurance brokers – independent and companies with an affiliation to one or more insurance companies.

There are advantages to both.

An independent broker can give you truly independent advice and help you find a policy which really is the best for you in terms of price and coverage. If your requirements are very specific this could work out very well for you as your needs might only point towards a couple of options. An independent broker with have no problem with recommending the deal that really is best for you whereas one affiliated to a particular company may be tempted to lean towards that company’s policy.

However, there are advantages of brokers being connected to large insurance houses.

Sometimes a broker may be willing to effectively pass some of their commission on to you in the form of lower premiums meaning that you get the same coverage for less money. The advantages are clear for the consumer and some business rather than none is better for the broker. Therefore you should not necessarily be put off by a broker that is effectively acting as an agent for a particular insurance company.

You should always be able to find out what type of broker you are dealing with before committing to a product with them. If the broker is unwilling to discuss if they are connected to a particular insurance company then it is advisable to take your custom elsewhere.

 

Here’s How You Do It:

Step 1: Click your gender below.

Step 2: Simply click “get quote” on the next screen. You will then have direct access to LifeInsuranceFinder.co.uk, one of the UK’s leading life insurance sites.